Buying of tank for water storage

Benard Otiende

Nairobi, Kenya

40% paid forward

Entrepreneur

Name

Benard Otiende

Member since

September 2022

On-time repayments

7 installments  •  57%

About Me

My name is Benard Ayimba Otiende. I live in Saika estate Nairobi. I was born in Kakamega that is western part of Kenya. I was raised there by my parents who used to work in the nearby Town of Kisumu. My parents used to work in Kenya Railways but they have all retired and live un upcountry at Kakamega.
When i finished high school i managed to join college in Nairobi and studied Purchasing and Marketing.

I managed to get a job in one of the big super market then called Nakumatt Supermarket, where i worked for about 10 years but unfortunately the supermarket closed down.

My Business

I began the business of selling water locally two years ago to the people who do not get water.
I have bought 1 tank of 2000ml now i would like to invest more tank to water storage.
The water that i sell to the locals goes for kshs 10 for a jerrican of 20 litres. Sometimes i do not get sufficient water because i do not have enough drums to fill the water, since the water is available twice in a week therefore i need more drums to fill the water as it comes.

The cost of this drum is kshs. 30,000 but i have saved some money in my account although it is not enough.

Project Proposal

Thank you for giving me this opportunity to request for a loan.
I would like to buy storage tank for water for selling purposes.
I have already bought two tank i need to buy another one since my customers have increased.

Thank you Lenders

Feedback

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Project Info

Project Type

Pay It Forward

Disbursed amount

$47.56

Date disbursed

Sep 27, 2022

Cost to entrepreneur

Service fee: $2.38

Pay It Forward contribution: $7.13

Backers

CMB

Germany

JM

Juliah Munderu

Machakos, Kenya

M

Michael

United States

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