Purchasing of welding machine

Nickson Ontweka

Kisii Town , Mwamogesa, Kenya

59% repaid

Entrepreneur

Name

Nickson Ontweka

Member since

July 2013

On-time repayments

152 installments  •  50%

About Me

My names are Nickson Mobutu Ontweka, was born in Kisii Central district, Mwamogesa Village, next to Darambili Market. Was born in 1972 and went to primary school that I did my KCPE in 1990 where I got my certificate and later I joined a Secondary school and finished my O level in the year 1994, thereafter I joined a driving school for 3 months and joined driving where I worked for 10 years after that I dropped and joined Juakali as welder in metal works since 2005 where I started my own business to make steel doors, windows, gates, and all types of metal works. I am a married man with one wife Rose and we are blessed with 3 children and all are in public schools. Last born being in class 1, second born in class 5 and eldest in class 8 and hopefully in the new year she will join form one is a secondary school. I am blessed with 2 daughters and a boy.

My Business

I Nickson Mobutu Ontweka, I love and I like business than being employed since I am hardworking and I like to commit myself in long hours in my business which I know am making money. My business it deals with metals works, battery charging and paintings.

The business is marketable as so many buildings are coming up in the Kisii county as the town is expanding, through this business I can be able to repay the loan while I feed my family and educate my children.

My business also has risks but sometimes are minimal, due to credit terms to your customers, as few of the customers they come so close as good customers and once you give them the service as good customers they run away while without repaying the credit.

Loan Proposal

Dear lenders and all management staff of Zidisha lending community I am indeed very much happy to thank you for all the lending woork you extend to us.
I am happy to post my loan bid online today for funding and my proposal is as below:

BX Series Arc Welders Machine & Specifications

Single Phase or Three Phase
Fitted on wheels for ease of maneuvering
Fan Cooled
Adjustable Welding Currents

Specifications

Make: Jialile
Available Models BX-200, BX-250 and BX-315
Input Voltage 220-240V and 380-415V
Total Estimated Cost KES 50,000
In US Dollars 555.017

Feedback

6

None

1



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$434.65

Date disbursed

Jan 26, 2015

Repayment status

Late

Projected term

23 months

Cost to entrepreneur

Lender interest: $434.65 at 4.59% annual rate over 23 months = $38.70

Service fee: $31.16

Lenders

J

jeffb

United States

W

WilsonLending

Atlanta, United States

S

snowcrystal86

New York, United States

R

Raabo

Rungsted, Denmark

C

chkuo

Taipei, Taiwan

José Antonio

Carapicuíba, Brazil

lorrymac

Killough, United Kingdom

T

Tallago3

Munich, Germany

Zidisha

Sterling, United States

M

mogensh

København V, Denmark

M

mason243

Denver Colorado, United States

B

briansedz

Canton, Ohio, United States

Boysenfam

Boulder, United States

DLarson

Morris, United States

D

duckdork

De Forest, United States

D

davide

Vallentuna, Sweden

Jouni

Finland

S

silsley

Cheltenham, United Kingdom

V

Valis

Singapore, Singapore

C

Caalve

Bratislava, Slovakia

D

dannimw

Victoria BC, United Kingdom

Bobrm2k3

Charleston, United States

M

Marlin

-, Austria

J

Johannes

Pirmasens, Germany

Hedwich

Gorssel, Netherlands

S

SnifferTheBunny

Brighton, United Kingdom

Evan Lamos

Brussels, Belgium

I

ibd267

Ambler, United States

C

chrishol

United States

F

FSO

Canada

M

mitchmk84

United States

R

RosieWatrs

United States

C

charleen

United States

C

cathyu2crazy

United States

E

expatri

United States

C

CraigInCo

United States

mepster

San Francisco, Ca, United States

S

simonthompson99

United Kingdom

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

Leonardia

Waddinxveen, Netherlands

T

timnj

United States

J

JonAlec

United States

D

Desteli

United States

T

tehmle

United States

R

reganbrian

United States

M

Marielle

United States

S

satheajay

United States

M

mcgeefamilyny

United States

Andrew267

Birmingham, United Kingdom

S

seanos

Nottingham, United Kingdom

RJ

Ryan J Cotton

United States

Frank Termathe

Frankfurt Main, Germany

D

Doug

Baltimore, United States

Family Mueller

Petershagen, Germany

MW

Matt Willis

United States

LE

Landon Elscott

Central Iowa, United States

Andrew

Melbourne, Australia

Humble Bundle Community

San Francisco, United States

Ask Nickson a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...