Welding business expansion

Philip

Mombasa, Kenya

48% repaid

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.

Feedback

4

None

1

  • Mary    Oct 14, 2019

    No updates or payments for over a year.

    Log in to reply • Share
  • Ahadi    May 21, 2017

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

    Log in to reply • Share
    • 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.

      Log in to reply • Share
  • 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!

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$331.00

Date disbursed

Aug 4, 2017

Repayment status

Late

Projected term

54 months

Lenders

SKWAW

SHANTY BAY, ONTARIO, Canada

nicole

Worcester, Ma, United States

Martin

Manama, Bahrain

F

flaguy999

Tampa, United States

Pedro R-C

Cambridge, United States

PG

Paul Graham

United States

A

Andrei

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

M

Mark

Toulouse, France, France

D

Dave

Dropmore, Manitoba, Canada

Paul Buchheit

Mountain View, United States

M

Mary

United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

J

JB

Germany

B

bea

Australia

Ask Philip a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$157.53

Amount remaining

$173.85

Expected completion

Oct 21, 2018

Status

Repaying late

Installment amount

$0.99

Repayment History

Expected Payments Actual Payments
Aug 13, 2017 $9.88 Aug 8, 2017 $9.88
Aug 20, 2017 $9.88 Aug 8, 2017 $9.88
Aug 27, 2017 $9.88 Aug 8, 2017 $9.88
Sep 3, 2017 $9.88 Aug 8, 2017 $9.88
Sep 10, 2017 $9.88 Aug 8, 2017 $9.88
Sep 17, 2017 $9.88 Aug 8, 2017 $9.88
Sep 24, 2017 $9.88 Aug 8, 2017 $9.88
Oct 1, 2017 $9.88 Aug 8, 2017 $9.88
Oct 8, 2017 $9.88 Aug 8, 2017 $9.88
Oct 15, 2017 $9.88 Aug 8, 2017 $9.88
Oct 22, 2017 $9.88 Aug 8, 2017 $9.88
Oct 29, 2017 $5.40 Aug 8, 2017 $5.40
Nov 5, 2017 $0.99 Nov 16, 2017 $0.99
Nov 12, 2017 $0.99 Nov 16, 2017 $0.99
Nov 19, 2017 $0.99 Nov 29, 2017 $0.99
Nov 26, 2017 $0.99 Dec 14, 2017 $0.99
Dec 3, 2017 $0.99 Dec 14, 2017 $0.99
Dec 10, 2017 $0.99 Dec 14, 2017 $0.99
Dec 17, 2017 $0.99 Dec 21, 2017 $0.99
Dec 24, 2017 $0.99 Dec 29, 2017 $0.99
Dec 31, 2017 $0.99 Jan 10, 2018 $0.99
Jan 7, 2018 $0.99 Jan 20, 2018 $0.99
Jan 14, 2018 $0.99 Jan 20, 2018 $0.99
Jan 21, 2018 $0.99 Jan 27, 2018 $0.99
Jan 28, 2018 $0.99 Jan 27, 2018 $0.99
Feb 4, 2018 $0.99 Feb 9, 2018 $0.99
Feb 11, 2018 $0.99 Feb 17, 2018 $0.99
Feb 18, 2018 $0.99 Feb 23, 2018 $0.99
Feb 25, 2018 $0.99 Mar 2, 2018 $0.99
Mar 4, 2018 $0.99 Mar 9, 2018 $0.99
Mar 11, 2018 $0.99 Mar 15, 2018 $0.99
Mar 18, 2018 $0.99 Mar 21, 2018 $0.99
Mar 25, 2018 $0.99 Mar 21, 2018 $0.99
Apr 1, 2018 $0.99 Mar 31, 2018 $0.99
Apr 8, 2018 $0.99 Mar 31, 2018 $0.99
Apr 15, 2018 $0.99 Apr 13, 2018 $0.99
Apr 22, 2018 $0.99 Apr 27, 2018 $0.99
Apr 29, 2018 $0.99 May 3, 2018 $0.99
May 6, 2018 $0.99 May 18, 2018 $0.99
May 13, 2018 $0.99 May 26, 2018 $0.99
May 20, 2018 $0.99 May 26, 2018 $0.99
May 27, 2018 $0.99 Jun 6, 2018 $0.99
Jun 3, 2018 $0.99 Jun 6, 2018 $0.99
Jun 10, 2018 $0.99 Jun 9, 2018 $0.99
Jun 17, 2018 $0.99 Jun 18, 2018 $0.99
Jun 24, 2018 $0.99 Jun 25, 2018 $0.99
Jul 1, 2018 $0.99 Jul 14, 2018 $0.99
Jul 8, 2018 $0.99 Jul 14, 2018 $0.99
Jul 15, 2018 $0.99 Jul 21, 2018 $0.99
Jul 22, 2018 $0.99 Jul 21, 2018 $0.99
Jul 29, 2018 $0.99 Jul 27, 2018 $0.99
Aug 5, 2018 $0.99 Aug 18, 2018 $0.99
Aug 12, 2018 $0.99 Aug 25, 2018 $0.99
Aug 19, 2018 $0.99 Sep 2, 2018 $0.99
Aug 26, 2018 $0.99 Sep 17, 2018 $0.99
Sep 2, 2018 $0.99 Sep 17, 2018 $0.99
Sep 9, 2018 $0.99
Sep 16, 2018 $0.99
Sep 23, 2018 $36.83
Sep 30, 2018 $36.83
Oct 7, 2018 $36.83
Oct 14, 2018 $36.83
Oct 21, 2018 $24.58

Loading...