Gypsum supply business

George

Kitengela , Kenya

100% repaid

Follow George How it Works

Entrepreneur

Name

George

Member since

March 2017

On-time repayments

114 installments  •  72%

About Me

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.

My Business

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

Loan Proposal

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

Income Source

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.

Feedback

3

None

None

  • C

    Charles    Sep 6, 2018

    Excellent borrower...happy to consider further proposals.

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  • Treesforpeople    Jul 8, 2018

    George repayed the loan in full, and I would be happy to lend to him again.

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  • HH

    Helen Horseman    Jun 17, 2017

    Thank you for full repayment of your loan George, 100% on time.
    Good luck with your business in the future.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$437.00

Date disbursed

May 7, 2021

Repayment status

On Time

Projected term

4 weeks

Other loans

Mar 2017:  $4

May 2017:  $6

Jun 2017:  $6

Jul 2017:  $6

Mar 2018:  $7

Mar 2018:  $11

Apr 2018:  $18

Apr 2018:  $32

May 2018:  $32

May 2018:  $32

Jun 2018:  $32

Jul 2018:  $32

Aug 2018:  $32

Oct 2018:  $32

Nov 2018:  $32

Jan 2019:  $82

Feb 2019:  $247

Apr 2019:  $247

May 2019:  $247

Jul 2019:  $247

Aug 2019:  $247

Sep 2019:  $247

Nov 2019:  $247

Oct 2020:  $230

Dec 2020:  $222

Feb 2021:  $275

Mar 2021:  $347

Jun 2021:  $673

Oct 2021:  $708

Aug 2022:  $733

Apr 2023:  $674

Lenders

matt carroll

London, United Kingdom, United Kingdom

roark22

Geneva, Switzerland

JH

Joseph Hwang

Houston, United States

D

Dave

Dropmore, Manitoba, Canada

Barry Cooper

Australia

A

Aleks

United States

S

Sooli

Egypt

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

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  • George    Sep 4, 2023

    I have experienced delay in payment of my supplies but nothing out of hand

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  • George    May 6, 2023

    Thank you so so much for making my project come true. I'll pay for my gypsum supply which will yield a profit that will pay for home consumables and school fees

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  • George    Apr 30, 2023

    Almost there... purchase preparations done in readiness

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  • Ahmad    Apr 30, 2023

    Add funds. Success for you.

    Translated by Google     Show original

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  • George    Apr 24, 2023

    With the previous facility I paid my gypsum suppliers. A ton of gypsum went for KES 1,100 and transported at KES 1,300 thus a total of KES 2,400. A 30 ton truck of gypsum cost KES 72,000. This cash therefore paid for a full truck.
    Each ton made KES 400 at the factory thus making a total of KES 15,000 which in esch truck and I did four times within the facility period. This helped me take care of some home expenses such as food purchase and school fees payment

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  • George    Mar 18, 2023

    Things haven't been easy, but am seeing some light now. hopefully will finalise repayment without fail from now

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  • George    Feb 7, 2023

    I have had unpaid invoices for my supplies for months now. I expect this to change within the next 2 months

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  • George    Jan 8, 2023

    My supplies have not been paid for a while now and expecting to make money in another 2 months time

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  • George    Dec 19, 2022

    I have none payed invoices since August 2022, I expect payments to regularise by January so will be able to make payments as usual

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  • George    Aug 24, 2022

    Than you so so much my lenders for making my project possible, I don't take it for granted! With this facility I will pay my Gypsum supplier and part of it will pay transport form quarry to the factory. At the end I'll realize some margin that will benefits my family in paying for some basics such as school fees

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  • George    Jun 26, 2022

    With this facility I paid 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 paid for a full truck.
    Each ton makes KES 400 at the factory thus making a total of KES 15,000 which I managed four times within the facility period.
    I ploughed back the proceeds into the business thus growing the capital base and consequently profit

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  • George    Dec 6, 2021

    So far am going on well having boosted my supplies and paid halfway the facility. I expect to meet my target at the end of the financing period

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  • George    Oct 26, 2021

    A big thank you to my lenders, this will tremendously increase my supply business. I will pay for an additional truck inclusive of transport and yield a profit of at least a quarter of the funded amount by the end of the loan period.

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  • Ren    Oct 25, 2021

    George, If your loan doesn’t fund fully, I encourage you to try again! Sometimes this happens with Zidisha - good luck!

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  • George    Sep 4, 2021

    Thank you my lenders, this cash will be uses to pay my gypsum supplies and the profit realized will be used to cater for home expenses

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  • George    Aug 20, 2021

    With this facility I paid 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 costs KES 72,000.

    Each ton made KES 400 at the factory thus making a total of KES 15,000 and I earned this amount two times within the facility period.

    I have been able to pay fees for my children and ploughed some part of the into the business.

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  • George    Jun 17, 2021

    Once again thank you my lenders, this facility will buy an additional truck of gypsum yielding an additional income that will go a long way in to building my business. Blessings

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  • JT

    JOY to the world    Jun 16, 2021

    Gods blessings on you

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  • George    Jun 6, 2021

    With the previous facility I paid 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 paid halfway the cost of a truck.

    Each ton makes KES 400 at the factory thus making a total of KES 15,000 half of which is KES 7,500 done twice within the borrowing period

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  • George    May 7, 2021

    Thank you my lenders for your support. I will get an additional gypsum track which will add on to my profit. The additional income will help in sorting some of the household items in my family

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