Gypsum supply to Erdemann Gypsum, Ltd. (Mwingi, Kenya)

George Muthoka

Kitengela , Kenya

$49 to go

93% funded of $673 goal

6

days left

  • $

Entrepreneur

Name

George Muthoka

Location

Kitengela , Kenya

On-time repayments

66 weekly installments  •  71%

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 for a full truck.

Each ton makes KES 400 at the factory thus making a total of KES 15,000 which can be done four times 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

  • 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.

    Log in to reply • Share


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Lenders

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Show all

Loan Info

Amount requested

$673.00

Still needed

$49.00

Application expires

Jun 21, 2021

Projected term

2 months

Cost to entrepreneur

Service fee: 5% of $673.00 = $33.67

Credit risk payment: $134.67

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