Entrepreneur
Name
Timothy
Member since
November 2014
On-time repayments
54 installments • 48%
About Me
I'm the 4th born in a family of 5 brothers and a diploma holder in computer engineering. Having looked for job in almost 3 years unsuccessfully, I ventured into construction as a manual laborer, moved from there and become a foreman. I then started taking small time contracts where I hire workers and take on small contracts. I mainly deal with fixing windows in new constructed buildings.
Besides being a small contractor I am a father to one loved daughter and a born again christian.
My Business
I deal with fixing windows in newly constructed buildings and also i put window Grills using Clome pipes materials.New fashions of buildings are coming up,hence calling up for new styles of windows and me being a professional in fixing windows I chose the job.The kind of windows I fix are more beautiful and more secure. I mainly charge depending on the size of the building and size of windows. I have one full-time employee and hire others depending on the availability of the jobs.
During peak months, I make up to $ 1,050 but there are months I make as little as $ 400 during low seasons.
My costs depend on the magnitude of the job and involves buying glasses, putty,Clomes and other add-ons that are needed to fix windows. I use the money gotten to pay my employees,domestic use and re-invest in the business by buying equipments. Also I have engaged in tree planting program at our nearby forest in the village where I come from.
Loan Proposal
I'm requesting for this loan so I can buy a glass cutter for my business. Currently I have to hire the cutter from other dealers and it eats into my profits. However, if I got my own cutter, I would not only be saving costs, but would be in a position to take bigger contracts. This would take me closer to opening my fully fledged construction company.
With my current earnings I will comfortably pay the loan without fail. Looking, forward for funding of my loan.
Regards
Tim
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Dec 28, 2014
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Summary
Amount repaid
$50.90
Amount remaining
$0.00
Date repaid
Mar 11, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 4, 2015 | $5.08 | Jan 5, 2015 | $5.08 |
| Jan 11, 2015 | $5.08 | Jan 5, 2015 | $0.20 |
| Jan 10, 2015 | $4.88 | ||
| Jan 18, 2015 | $5.08 | Jan 10, 2015 | $0.18 |
| Jan 19, 2015 | $4.90 | ||
| Jan 25, 2015 | $5.08 | Jan 19, 2015 | $0.72 |
| Jan 28, 2015 | $4.36 | ||
| Feb 1, 2015 | $5.08 | Jan 28, 2015 | $0.13 |
| Feb 2, 2015 | $4.94 | ||
| Feb 8, 2015 | $5.08 | Feb 2, 2015 | $0.11 |
| Feb 10, 2015 | $4.97 | ||
| Feb 15, 2015 | $5.08 | Feb 10, 2015 | $0.43 |
| Feb 17, 2015 | $4.65 | ||
| Feb 22, 2015 | $5.08 | Feb 17, 2015 | $0.97 |
| Feb 25, 2015 | $4.11 | ||
| Mar 1, 2015 | $5.08 | Feb 25, 2015 | $2.07 |
| Mar 4, 2015 | $3.01 | ||
| Mar 8, 2015 | $5.19 | Mar 4, 2015 | $0.92 |
| Mar 11, 2015 | $4.27 | ||
Ask Timothy a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.