Workshop Inventory Additions to Support Metalworking Business
Osmond
Githurai, Kenya
100% repaid
Entrepreneur
Name
Osmond
Member since
February 2016
On-time repayments
156 installments • 85%
About Me
I went to school at mission schools where we were trained to be self reliant and disciplined in life. I took things the way they came and that way I managed to complete my high school and joined a technical teacher training college. I was a teacher for more than ten years before deciding to be on my own.
I can say that I have been blessed because all of my three children have gone through the university and are working.
I love to help the less fortunate in life so that they can have something that they are doing to change their lives for the better.
My Business
I own a metal workshop where I make wrought iron gates, doors, grills and windows which are in great demand due to the construction work going on around my place. I may say that I trained as young boy to do welding and motor vehicle mechanics but I saw that there is less hassle in welding. The business has grown and now I have started a hardware shop for selling the materials that are needed for welding. My customers are the welders who near my location.
I have started repairing angle grinders and arc welding machines which are giving me an extra income.
Loan Proposal
i would like to buy metal bars,square tubes and mild steel plates worth US$ 700 to add to my hardware/ workshop stock. This will help me save on transport since the number of times and the time I spend when I go to do the purchase will be reduced. This will make my profit to go up and thus benefit my family.
I go for purchase at least 4 times a week and use about US$ 20 per trip, if this can be reduced by half then I will save US$ 40 every month and of course the profit will increase due to the increase in volume of the purchase.
Feedback
Positive
1
Neutral
None
Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$302.00
Date disbursed
Jun 18, 2016
Repayment status
On Time
Projected term
4 months
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Summary
Amount repaid
$317.10
Amount remaining
$0.00
Date repaid
Nov 18, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 1, 2016 | $15.14 | Jul 1, 2016 | $15.14 |
| Jul 8, 2016 | $15.14 | Jul 8, 2016 | $15.14 |
| Jul 15, 2016 | $15.14 | Jul 15, 2016 | $15.14 |
| Jul 22, 2016 | $15.14 | Jul 22, 2016 | $15.14 |
| Jul 29, 2016 | $15.14 | Jul 29, 2016 | $15.14 |
| Aug 5, 2016 | $15.14 | Aug 5, 2016 | $15.14 |
| Aug 12, 2016 | $15.14 | Aug 12, 2016 | $15.14 |
| Aug 19, 2016 | $15.14 | Aug 19, 2016 | $15.14 |
| Aug 26, 2016 | $15.14 | Aug 26, 2016 | $15.14 |
| Sep 2, 2016 | $15.14 | Sep 2, 2016 | $15.14 |
| Sep 9, 2016 | $15.14 | Sep 9, 2016 | $15.14 |
| Sep 16, 2016 | $15.14 | Sep 16, 2016 | $15.14 |
| Sep 23, 2016 | $15.14 | Sep 23, 2016 | $15.14 |
| Sep 30, 2016 | $15.14 | Sep 30, 2016 | $15.14 |
| Oct 7, 2016 | $15.14 | Oct 7, 2016 | $15.14 |
| Oct 14, 2016 | $15.14 | Oct 14, 2016 | $15.14 |
| Oct 21, 2016 | $15.14 | Oct 21, 2016 | $15.14 |
| Oct 28, 2016 | $15.14 | Oct 28, 2016 | $15.14 |
| Nov 4, 2016 | $15.14 | Nov 4, 2016 | $15.14 |
| Nov 11, 2016 | $15.14 | Nov 11, 2016 | $15.14 |
| Nov 18, 2016 | $14.31 | Nov 18, 2016 | $14.31 |
SKWAW Sep 17, 2017
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