Supplying gypsum for building construction

George Muthoka

Kitengela , Kenya

100% repaid

Entrepreneur

Name

George Muthoka

Member since

March 2017

On-time repayments

98 installments  •  81%

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

Using this cash I will pay halfway a 30 ton truck of gypsum which will be transported from source (Garissa) to factory (Mwingi)

Each ton will have a profit of ksh 500.00 thus making at least kshs15,000.00 per truck.

The money gotten out of this will be ploughed back to realize more trucks.

Feedback

3

None

None

  • Charles    Sep 6, 2018

    Excellent borrower...happy to consider further proposals.

    Log in to reply • Share
  • Treesforpeople    Jul 8, 2018

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

    Log in to reply • Share
  • 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

$247.50

Date disbursed

Sep 17, 2019

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $10.96

Credit risk payment: $43.85

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