Buying iron tubes, iron plates & welding rods

Philip

Mombasa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Philip

Member since

December 2016

On-time repayments

89 installments • 81%

About Me

Introduce yourself to lenders.
Am Philip Mwangemi Chenje iam child number one to my parents. i only manage to get basic education since my parents struggled financially. i did many jobs to raise money to start this business of welding and fabrication. here the land and culture is good like providing palm wine is a must when negotiating for dowry. i dont have children yet. my hobby is going to the beach to swim during my free time.

My Business

Describe your business or income source.
My income comes from the sale of the products i produce incliding doors and windows from fabricating iron. these are in demand because they are highly used in providing much security to homes. iam able to make upto $10 on a good day, i chose this because it has high profit return. i use the profit to cater for my needs and grow my business.

Loan Proposal

Describe what you will do with the loan.
With this loan amount, I will buy iron products such as iron tubes, iron plates and welding rods which are the basic products for my business. I will buy them in large quantity where my clients will buy directly from me and I make there products. This will also act as a pilot project for a hardware. I believe this will increase my profit margin and make my products more affordable and also make even more clients.

Feedback

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M
Mary Oct 14, 2019

No updates or payments for over a year.

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Ahadi May 21, 2017

Perfect, Philip is a serious borrower and a good worker.

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- Philip Feb 7, 2018
  
  Ahadi Mambo ! How is France? Kenya is ok. It has been a long time since I said Jambo. I hove you are doing great, I am doing fine too. Thank you very much for supporting me. Sina mengi ila kusema Asante sana. Thank you and be blessed.
  
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M
Mary May 19, 2017

Philip is a wonderful borrower. He gave progress reports for his business and paid his loan on time. I will gladly help fund future loans for him!

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