Repurchase of a printer for electrical drawings
Joseph
Nairobi, Kenya
31% repaid
Entrepreneur
Name
Joseph
Member since
May 2015
On-time repayments
44 installments • 32%
About Me
I was born in very humble family being the last born of four children.I schooled in a nearby primary school where by passed my exams well in Kenya Certificate of Primary Education, I was invited on provincial high school but my parents could not afford the school fees so i was admitted on a newly public school which didn't have all facilities for learning and many times are the one i was at home because of the fees.
In high school, i used to get fees from well wishers and from government bursaries, in the final result i passed well.
After my high school i didn't join any college but i started looking for student who were studying electrical engineering and requested them to help me with the notes which they have and i studied at the end i had little knowledge on how to to do electrical installation and i was employed by one company whereby i passed the tests.Afterward i did my certificate in electrical and electronics,the urge to be am architecture grew in me because the company was just paying too little for a person to rely on i started studying online where by i got enough skills to start off and i applied a vacancy in an architectural company where they gave me a chance to draw electrical diagrams of the house they were drawing and all my drawing were approved by the end of the probation period , instead of being employed permanently in was sacked!
Then i started looking for ways i get a living i came across a friend who was doing online article writing and he mentored me in it whereby i went back to college to study architecture but unfortunately i didn't finish the course because of large amount of fees required.I started to get subcontracts from various architectural companies whereby for now I've partnered with 5 renown companies and I've 3 employees on my business.
The community i come from is very unique because they say that a child is for the community not one person but when it comes to reality its just a saying they sing.My unique hobby is to how does things work like machines, for now am trying to know does an aircraft is operated and repaired whereby i can invent something,who knows? I am also seeking ways i can finance my new course in computer repair and data recovery.
My Business
I provide electrical installations on houses,i also do the the electrical drawing for different architectural companies and individuals for their homes and also i am an online article writer.these service are in huge demand because construction are still going to cater for good housing for all people for instance every week we do more than 8 orders of electrical drawing, we also do at least 2 electrical installation and repair on customers premises and in article writing the demand is high as companies need their companies ranked high in S.E .O.
I chose this business because there construction sector is always busy and can make a living from it and for sure some people ignore the electrical drawing whereby they come to regret after the building is completed,electrical installation is good because after giving out the drawing the customer come back to you so as to do the installation where its so rewarding.
My cost is the salaries,machine maintenance and rent which is accrued to $600 per month and my total revenue from all the businesses is amounted to $4000 per month.
Profit i get i use it to acquire more skills in other filled for now i am looking to do computer repair and recovery if i get enough capital also i reinvesting more advanced machines to enhance the efficiency in my work with short time possible.
With you're help in giving me a loan can really help in improving my live and of others as i will recruit more employees.
Loan Proposal
If my loan is fully funded i'll repurchase another printer which was stolen after my premises was broken into which will cost $1850.
It will be able to bring back my business up to par as earlier before it was stolen.
I'll be expecting to increase my earning of my business up to 75% which accumulate to $4500 per month.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$191.00
Date disbursed
Sep 12, 2015
Repayment status
Late
Projected term
7 months
Other loans
Lenders
Stamford, USA, United States
United States
Tampa, United States
Taiwan
United States
Helsinki, Finland, Finland
Jake Gibson and Beverly Picardo
San Francisco, United States
Summary
Amount repaid
$61.00
Amount remaining
$138.59
Expected completion
May 8, 2016
Status
Repaying late
Installment amount
$5.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 20, 2015 | $15.00 | Sep 20, 2015 | $15.00 |
| Sep 27, 2015 | $15.00 | Sep 27, 2015 | $15.00 |
| Oct 4, 2015 | $15.00 | Oct 5, 2015 | $15.00 |
| Oct 11, 2015 | $5.00 | Oct 25, 2015 | $5.00 |
| Oct 18, 2015 | $5.00 | Oct 25, 2015 | $5.00 |
| Oct 25, 2015 | $5.00 | Oct 25, 2015 | $5.00 |
| Nov 1, 2015 | $5.00 | Jun 20, 2019 | $1.00 |
| Nov 8, 2015 | $5.00 | ||
| Nov 15, 2015 | $5.00 | ||
| Nov 22, 2015 | $5.00 | ||
| Nov 29, 2015 | $5.00 | ||
| Dec 6, 2015 | $5.00 | ||
| Dec 13, 2015 | $5.00 | ||
| Dec 20, 2015 | $5.00 | ||
| Dec 27, 2015 | $5.00 | ||
| Jan 3, 2016 | $5.00 | ||
| Jan 10, 2016 | $5.00 | ||
| Jan 17, 2016 | $5.00 | ||
| Jan 24, 2016 | $5.00 | ||
| Jan 31, 2016 | $5.00 | ||
| Feb 7, 2016 | $5.00 | ||
| Feb 14, 2016 | $5.00 | ||
| Feb 21, 2016 | $5.00 | ||
| Feb 28, 2016 | $5.00 | ||
| Mar 6, 2016 | $5.00 | ||
| Mar 13, 2016 | $5.00 | ||
| Mar 20, 2016 | $5.00 | ||
| Mar 27, 2016 | $5.00 | ||
| Apr 3, 2016 | $5.00 | ||
| Apr 10, 2016 | $5.00 | ||
| Apr 17, 2016 | $5.00 | ||
| Apr 24, 2016 | $5.00 | ||
| May 1, 2016 | $5.00 | ||
| May 8, 2016 | $4.59 | ||
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