Gypsum supply business

George

Kitengela , Kenya

100% repaid

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 support i will pay for gypsum from my supplier. A ton of gypsum is bought at KES 1,000 and transported at KES 1,200 thus a total of KES 2,200. A 30 ton truck of gypsum would cost KES 66,000. This Loan will therefore pay for slightly above a third of a truck.

Each ton make KES 400 at the factory thus making a total of KES 15,000. a third of which is KES 5,000.

Once ploughed back into the business this facility will help grow the capital base and consequently profit

Feedback

3

None

None

  • 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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  • 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.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$247.00

Date disbursed

Nov 5, 2019

Repayment status

On Time

Projected term

4 weeks

Lenders

Franmiguel

Perth, Australia

A

Aleks

United States

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Summary

Amount repaid

$247.50

Amount remaining

$0.00

Date repaid

Dec 11, 2019

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Nov 15, 2019 $61.87 Dec 11, 2019 $61.87
Nov 22, 2019 $61.87 Dec 11, 2019 $61.87
Nov 29, 2019 $61.87 Dec 11, 2019 $61.87
Dec 6, 2019 $61.87 Dec 11, 2019 $61.87

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