Acquisition of materials for making desks for a local school

George

Thika, Kenya

100% repaid

Entrepreneur

Name

George

Member since

February 2015

On-time repayments

40 installments  •  68%

About Me

My names are George Gitau, 38 years old from Kenya. I reside in Kamwangi Estate, approximately 20km west of Thika town. I am a family man with 3 children in primary school. I went to primary school but never proceeded to high school due poverty level in our family by then. For lack of higher education I had to make ends meet by working in constructions site as casual laborer, tending to neighbors cows and also tilling their lands. Although I lacked higher education, I was not limited in thinking. I adopted the culture of savings from my earnings which enabled me join a Polytechnic School where I did a course in carpentry. After completion I was employed as a carpenter and during my 6 years of employment I managed to save enough money to start my own workshop as it had been my dream.
My business is growing everyday, my customers like my fine and pleasant work and a reasonable price I give them and for this reason, I have been receiving orders day in day out. After all what God has done to me I decided to adopt orphans and vulnerable boys whom I offer carpentry training as a way of saying thank you to God and also by giving back to the society.

My Business

I have a carpentry shop in Kamwangi town which I started in 1998 through accumulations of savings from my previous employment. This business entails making and selling of all types of furniture i.e. Sofa sets, Wall units, Wardrobes, Coffee tables, Office desks & chairs, File cabinets, School desks & chairs, Church benches among others.
This shop started from a humble beginning and today I have found favor with many customers due to fine & beautiful furniture I make for them and reasonable price I sell them. I also give my customers standard work unlike my competitors who does substandard work and this has attracted a lot of them in my shop. I have managed to cut short my expenses with 45% by planting trees in my farm and later harvest them for wood work in my shop on the other hand I have reared poultry in my farm and part of the profit I get from their products is used to meet households needs. This has enabled me restock profit to my business and the rest is saved for future projects. My vision is to have my own industry and training centre through which young people and vulnerable in the society will walk in to acquire skills and employment which will enable them realize their dreams.

Loan Proposal

Hello lenders and Zidisha fraternity, thank you
for giving me an opportunity to borrow in this
platform. Much thanks for granting me my previous loan which increased my profit margin with approximately 35%.
My business entails making and selling of furniture. My quality work and competitive price has enhanced good relationship with customers and entire community.
I got an order to make several desks and chairs for a local school, so if granted this loan it will go along in complementing my capital in
acquisition of these materials:-
1). 90 USD will buy hard wood timbers
2). 40 USD will buy nails
3). 70 USD will buy hinges
By acquiring these materials it will reduce the cost from my capital and hence will raise my profit margin with approximately 45%.
Thank you in advance for your support. God
bless you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$203.00

Date disbursed

May 2, 2015

Repayment status

On Time

Projected term

3 months

Lenders

DeanDropshot

Oslo, Norway

M

mason243

Denver Colorado, United States

beverly

Vancouver, Canada

M

Melanie

Raumati South, New Zealand

F

flaguy999

Tampa, United States

J

jumpfunky

Dortmund, Germany

A

axienjii

Amsterdam, United Kingdom

Paul Buchheit

Mountain View, United States

S

sanfransec

San Francisco, CA, United States

P

PeterDG

United Kingdom

Laparo

Dusseldorf, Germany

Pascal Coyles

Ghent, Belgium

T

TZ

Singapore, Singapore

Gab

Singapore

AL

Amy Luo

United States

Dominik Wagner

Karlsruhe, Germany

EB

Erica Brescia

United States

RQ

Regan Quinn

United States

Caroline Cress

Seattle, WA, United States

AB

Amy Biddle

United States

BC

Best Chapman

United Arab Emirates

TH

Taylor Hogan

United States

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