Buy new metallic pipe connectors for my water pump

Maina Taittie

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Maina Taittie

Member since

May 2014

On-time repayments

67 installments  •  31%

About Me

I am young Kenyan who has found it hard like many other Kenyans to secure a job. I am IT trained and used to have a good job in the years 2005 to 2007 when the election violence rocked our country. I was working in a volatile area and had to leave all my belongings to save my life. It has been job application after job application with no luck and money to advance my education. I have since then bought a water pump and jumped into the construction center after advice from a close friend who has succeeded in the same water pump business.

My Business

While based in Kahawa West, I am now in the construction industry through my water pump business. I have a unique advantage of coupling it with my IT skills for small wiring jobs. I do not have the capital to do everything now plus build a business is a process which in my opinion, i am on the right track. I need to buy a few things that will ensure I offer the best services to clients and eventually buy another pump to be able to tackle more than one job at once.

Loan Proposal

After buying a new pipe with the help of a zidisha loan, business was better in terms of efficiency because i am now able to tap water from a longer distance with ease. New challenges have come up which i have to address. There is more spillage due to the high volumes plus i have been picking up more residue into my pump.

A loan will aid in purchasing metallic connectors for the spillage and a metallic sieve for the residue intake. I am having to do with taping with a band plus a chicken wire at the water source which are not doing a good job

Feedback

7

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.12

Date disbursed

Jul 30, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Lender interest: $50.12 at 8.76% annual rate over 1 month = $0.42

Service fee: $0.17

Lenders

M

marcelitohb

Bremen, Germany

D

DavidJSmu

North Attleboro, MA, United States

Evan Lamos

Brussels, Belgium

dlpringle

Denver, United States

Matching Fund

Sterling, United States

M

merk85

United States

Leonardia

Waddinxveen, Netherlands

Sputnik

Switzerland

H

Heath

United States

Dunfy

United Kingdom

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