Loan to install electricity in my metalwork shop
Charles
Rusinga Island, Kenya
$0 to go
100% funded of $200 goal
0
days left
Entrepreneur
Name
Charles
Member since
May 2015
On-time repayments
33 installments • 21%
About Me
I am Charles Alando, I was born in 1988 in Rarieda District of Siaya County, Kenya. I went to Got Kojwang' Primary School, where I sat for my KCPE in the year 2001. I joined a Kawuondi Secondary School in the year 2002 but dropped in Form Two due to lack of school fee.
After I dropped from school, I joined informal artisanship sector 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 was married to the late Cynthia Akoth (RIP) and we were blessed with 1 child (Marsden Madoka) and he is learning in a private school in Mbita town. In my free time, I do visit friends and socialize.
My Business
I am operating a metalwork shop. My business deals with metals works, battery charging and paintings.
I am dealing with chairs, tables, beds, metal gates, iron bars, windows and doors. I serve local schools and individual clients involved in construction work.
The business is marketable as so many buildings are coming up in the Homa Bay 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.
I have also enrolled for an evening classes to undertake an early childhood teacher education course to enable me acquire formal education certification for my future aspiration as a teacher or school proprietor to help improve education standard of poor children in my local community of Mbita.
Loan Proposal
I am seeking a loan of KES 19,830 to enable me connect electricity to my metalwork shop in Mbita, Kenya. The workshop attracts clients from the local institutions like; schools, churches, businesses and market. I do make very nice metal products like; chairs, beds, grills, windows, doors and gates which are in high demand at the moment due to rapid expansion of Mbita Township.
With the loan, I will install electricity and attract more clients to my business and increase my income.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$200.00
Date disbursed
May 10, 2016
Repayment status
Late
Projected term
3 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$0.00
Amount remaining
$210.00
Expected completion
Aug 17, 2016
Status
Repaying late
Installment amount
$15.13
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 18, 2016 | $15.13 | ||
| May 25, 2016 | $15.13 | ||
| Jun 1, 2016 | $15.13 | ||
| Jun 8, 2016 | $15.13 | ||
| Jun 15, 2016 | $15.13 | ||
| Jun 22, 2016 | $15.13 | ||
| Jun 29, 2016 | $15.13 | ||
| Jul 6, 2016 | $15.13 | ||
| Jul 13, 2016 | $15.13 | ||
| Jul 20, 2016 | $15.13 | ||
| Jul 27, 2016 | $15.13 | ||
| Aug 3, 2016 | $15.13 | ||
| Aug 10, 2016 | $15.13 | ||
| Aug 17, 2016 | $13.32 | ||
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