To expand my furniture workshop

Charles

Kilifi, Kenya

100% repaid

Entrepreneur

Name

Charles

Member since

September 2016

On-time repayments

19 installments  •  37%

About Me

Am a father of 2 children living at mariakani are in the kilifi county.I was born in a family 4 children being the first born and managed to complete my primary and secondary education and proceeded to the nearby polytechnic where I did carpentry and specialized in it.Since I could not start my business due to lack of capital at the moment, I got employed at my friend workshop where I mastered my skills and empowered my skills.I managed to save 30% of my income for 4 years which I used to buy tools and materials and started my own workshop that am still managing it.People in my area are very social and religious.I would like my children to be business people when they grow.My hobby is to swim at the ocean and meeting new friends.

My Business

Am a carpenter and make quality furniture for my customers since they are in high demand in the local market, it has a good return profit as i make quality furniture and most decent.I spent $100 on weekly basis to buy materials in my workshop which returns me over 50%profit on selling the finished sets and this has made me to like this type of business.I spent my profit to pay school fees,growing my business,personal development and make some saving.

Loan Proposal

i have completed 3 set of sofa sets and one set does not have cushion and this loan of $12 will be used to buy three cushions each costing $3.5 and enable me to sell the whole sets on time and complete to my customers and get an increased profit of 35%.

Feedback

1

None

1

  • Margaret    Aug 19, 2018

    Sadly, Charles had made no effort to repay his loan or to communicate with his mentor why he cannot repay.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

Nov 13, 2016

Repayment status

On Time

Projected term

6 weeks

Lenders

SteveFylde

United Kingdom

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

M

Margaret

United States

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$12.01

Amount remaining

$0.00

Date repaid

Dec 21, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Nov 20, 2016 $1.01 Nov 28, 2016 $1.01
Nov 27, 2016 $1.01 Nov 28, 2016 $1.01
Dec 4, 2016 $1.01 Dec 7, 2016 $1.01
Dec 11, 2016 $1.01 Dec 19, 2016 $1.01
Dec 18, 2016 $0.00
Dec 25, 2016 $7.98 Dec 21, 2016 $7.98

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