A loan to buy cement for construction
Nelson Kaita
Magongo, Kenya
100% repaid
Entrepreneur
Name
Nelson Kaita
Member since
May 2014
On-time repayments
113 installments • 40%
About Me
My name is Nelson Kaita Boso. I was born in Coastal region of Kenya 42 years ago in a family of 6 – 2 parents and 1 brother and 2 sisters. My parents are small scale farmers mainly dealing food crops and livestock keeping.
I went to school in the same area and after clearing my secondary education, I enrolled in a commercial college where I trained as a business executive. I got a job in Mombasa town after completion of my college education where I worked for five years as a supervisor in an oil company.
I am married to one wife and I have three children aged 11 years, 7 years and 3 years. I am a hardworking and an honest person.
My Business
I run two businesses in Mombasa town. One is a construction company which I started four years ago and I also do supplies of general merchandise to cooperate and private clients (food and non-food items).
I run my operations from my office located in Mombasa Town where I have employed 2 workers. I occasionally hire casuals when there is a lot of work to be done.
For the construction business, the demand for my services is average but I get a fair share of the market. This business gives me a net profit of about $550. The supply business gives me a net profit of $230 thus both ventures give me a total of about $780 per month.
I intend to use this loan to strengthen my supplies department of my business because sometimes I run out of cash when I get big orders. I am hoping to progress upwards with Zidisha loans so that I will eventually be able to complete with other big players in this sector.
Loan Proposal
I am a qualified contractor and I am currently doing a project in Mombasa town. My contractual agreement requires me to spend my money and then get paid when the first phase is completed. I use my own savings and money from my other businesses to raise such funds. However, due to the large amount required, I sometimes run out of cash which slows down my work.
With a loan of $150, I intend to buy 15 bags of cement @ 90. I am also hoping that this loan will be my entry point to my long lasting relationship with Zidisha.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jul 14, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Hong Kong, Hong Kong
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