Buy more cement in my hardware business

David Gitau

Gilgil, Kenya

100% repaid

Entrepreneur

Name

David Gitau

Member since

September 2016

On-time repayments

67 installments  •  67%

About Me

am David ,,first born in a family of 4 children. Am an entrepreneur owning a Hardware store and a timber yard.Firstly I thank my lenders for previously supporting me raise my previous loans.Being the first born in a family of four, I have come a long way for me to be able to own the hardware and the timer yard. I got a family not yet have a child but hoping to get one soon. I get money to support my needs to support my family from my business.

My Business

The hardware store is where I get my income .In the hardware store I make sales of about 1500 dollars weekly and in the timber yard sales of a bout 100 dollars weekly. My family needs are met through the profit made from my business. The profit which I make share it to my saving account ,,family needs ,,increase my hardware stock. In my Hardware you will find cement,, iron sheets,, nuts,, pipes and pipe fittings and other building materials. Firstly I started with the hardware which started operating back in 2016 .With the profit made I have been able to open a new business which is the timberyard .I sell timber, offcuts and firewood. I am looking forward to expanding both business from profit made and support from my Zidisha lenders.

Loan Proposal

Will take these loan purposely to buy more cement in my hardware business.I will sell the cement at a higher price to make profit Which I will repay my loan and add more stock.

Income Source

I have do glass cutting which also give me more profit Which I can use to repay my loan if things don't work in the hardware.

My Videos

Jun 22, 2021: My hardware business video

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$68.16

Date disbursed

Mar 15, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $3.19

Credit risk payment: $9.58

Optional expediting fee: $6.39

Lenders

Kjartan

Oslo, Norway

Sundstroms

Falun, Sweden

E

ebronken

Oslo, Norway

S

SvenWaage

Stavanger, Norway

M

mkellerman

Shanghai, China

L

leeirel

Edmonton, Canada

A

Andy

Berlin, United States

L

LindsayB

Sydney, Australia

F

fredrikahl

Stockholm, Sweden

Hedwich

Gorssel, Netherlands

L

Lennert

Alphen aan den Rijn, Netherlands

M

microlender

United States

TyWee

Manila, Philippines

C

cocolo

United States

J

Joe

United States

Tanner Schachtel

Victoria, Canada

Kevin

San Francisco, United States

I

Ian

United Kingdom

A

Andrei

United States

Benjamin Kniaz

Boston, United States

Remo

Switzerland

R

RM

Australia

MV

Michael Vereb

United States

EA

Eric Ayers

Atlanta, United States

Peter Collins

Darmstadt, Germany

AS

Alex Shapiro

United States

C

Cole

United States

Babbitt Family Foundation

Sioux Falls, SD, United States

L

Len

Israel

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

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Summary

Amount repaid

$68.16

Amount remaining

$0.00

Date repaid

Mar 26, 2021

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Mar 27, 2021 $17.05 Mar 26, 2021 $17.05
Apr 3, 2021 $17.05 Mar 26, 2021 $17.05
Apr 10, 2021 $17.05 Mar 26, 2021 $17.05
Apr 17, 2021 $17.02 Mar 26, 2021 $17.02

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