Kitengela , Kenya
62 weekly installments • 69%
This is George Muthoka born and raised in Kenya, East Africa. I am schooled to higher education level currently pursuing a master degree in project planning and management.
I have worked as a teacher in my early working career and as a social worker with various NGOs. Currently I do private businesses.
I am a family man with one wife and 4 Children.
I do various income generating activities
1. I am a consultant in management and capacity building field. Here I advertise my services and apply for consultation opportunities within and beyond Kenya
2. I do farming, I own land that I use to cultivate vegetables and keep livestock for the market.
3. I do supplies business in gypsum - a raw material used in production of cement, plaster powder, chalk, ceiling boards etc.
4. I am naturing a young business in construction as a contractor and property management.
I incur costs in material purchase, loading, transportation and legal fees. In average I make an income of kshs 200,000/= per month which I use for home supplies, education fees for my children and other disadvantaged children and support to my elderly parents as well as capital investments
With this facility I will pay my gypsum supplier. A ton of gypsum is going at KES 1,100 and transported at KES 1,300 thus a total of KES 2,400. A 30 ton truck of gypsum would cost KES 72,000. This Loan will therefore pay above half of a truck.
Each ton make KES 400 at the factory thus making a total of KES 15,000. half of which is KES 7,500, which can be done twice within the facility period.
Once ploughed back into the business this facility will help grow the capital base and consequently profit
I have diversified my investment to include farming, consultancies and contracting of technical services such as construction, trainings, awareness creation etc. in the unlikely event one side fails then the others can support.
Cost of loan
Service fee: 5% of $437.00 = $21.88
Credit risk payment: $56.90