Welding business expansion

Philip

Mombasa, Kenya

48% repaid

Follow Philip

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

Dear lenders, I thank you again for your generous support towards my businesses. As described in the discussion section, I opened a wardware for iron materials that I use in my products. My clients now buy materials directly from me and they save on transportation costs from other hardwares to my workshop. The business has realize expansion and I plan to use this loan to expand and open another branch for my welding business. I have already located the site, I also need to purchase a new welding machine and a drill. I will for the time being be sharing the grinding machine as I arrange to purchase a second one for the new branch, thank you.

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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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