Entrepreneur
Name
Derrick Munene
Member since
July 2015
On-time repayments
87 installments • 62%
About Me
My name is derrick gitari.after my undergraduate in 2010,wherei did my bachelors in computer science,i decided to secure my career and get a job at the local ministry here in Kenya. after a year working ,the company due to huge wage bill,decided to pull some staff down and i was part of the shakeup decided to travel back to my home and stay with my mother.during this stay, my mother acquired this "thing" called a poker vibrator(i learnt the name after seeing how much it earned),she used to hire it out often.months went buy and she bought a concrete mixer which with the poker were a hot cake around.my mother has been my inspiration because she started from the bottom and went to the male dominated industry which is the construction business.after learning that for about six months,I decided to venture in my own business, but hey where were funds going to come from?with my small savings at the bank, I had the chance to purchase a poker vibrator
My Business
My business is under the construction category where I have a registered company under the name Tonga Nene contractrs.life has walk been a walk in the park but sometimes one has to look at the bigger picture rather than the misfortunes one has to face. in my possession I have the following.
2 poker vibrators
7 wheelbarrows
25 trappers
I have been in contact with site managers here and there and with my consistency I have managed to be hiring the vibrators a consistence 4 times a week ,trappers go for around three times a week have talked to the local banks but none is willing to listen to me. Below is a draft on how much money I make in a bad month.
2 poker vibrators each @$22 per day=$173 per week=$695 per month
25trappers @$2 per trapper=$200per week =$800 per month
I would like to purchase the following CONCTERE MIXER, WATER PUMP, AND A HOIST CANE .THEY ALL CAME TO A TOTAL OF $5500
The expenses I get from my equipments including maintenance, storage and transportation will not exceed $108.
Loan Proposal
Since i joined zidisha about an year ago,my growth has been exceptional.This means that i have grown form a humble guy to a big employment machine to hundreds of people due to your generous affordable loans.(construction machines for hire)
For instance,when i joined, i had 1 concrete mixer.now i have 3.my vibrators were 2,now i have 4.my evidence on my hard work is shared through the photos i upload on a weekly basis on my profile.
My biggest problem though has been the transportation issue.hiring a pick up here in kenya is so expensive and was really draining my profits as an entrepreneur.that was the reason why my next project was to save and buy a used pick up truck(which i have started negotiations to purchase)true to my word,i have saved almost enough and with the help of your loan,i will really acquire the said pick up and increase my profit margin.
My journey with zidisha has taught me a few things though,i have learnt that there are people in this world who are very eager to help those who work hard and those who are honest.
This paragraph goes to my brothers and sisters who have had the privilege to get help from the lenders.please just be honest with them and pay the loans on time.what goes around comes back around.lets be fair to others who want the help.
I am willing to walk this journey due to the positive feedback i have been getting from the lenders and my friends.Thanks a lot
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Loan Info
Project Type
Classic Loan
Disbursed amount
$414.00
Date disbursed
Jun 12, 2016
Repayment status
Late
Projected term
63 months
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