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

George Muthoka

Kitengela , Kenya

100% repaid

Entrepreneur

Name

George Muthoka

Location

Kitengela , Kenya

On-time repayments

73 weekly installments  •  74%

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.

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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.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$673.37

Date disbursed

Jun 17, 2021

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: 5% of $673.37 = $33.67

Credit risk payment: $134.67

Lenders

Brian

Midhurst, Canada

davelowe100

Perryville, United States

Vanamo

Helsinki, Finland

LA

United States

Svenip

Vienna, Austria

Tavin

Ottawa, Canada

Sundstroms

Falun, Sweden

P

pillepalle

Osnabrück, Germany

Ingela

Falun, Sweden

J

Johannes

Pirmasens, Germany

Hedwich

Gorssel, Netherlands

R

RCHeying

Marietta, United States

iggwag

Kilifi, Kenya

J

jonastang

Hong Kong, Hong Kong

sderickson

Berkeley, CA, United States

M

martyb

United States

A

axienjii

Amsterdam, United Kingdom

K

Kudrnova

Czech Republic

DavidHS

United Kingdom

P

plhughes

United States

B

bmkahora

United States

johnhudson

Washington, DC, United States

I

ident

Horsholm, Denmark

KieranB

Ireland

Kyle Hoback

Jersey City, NJ, United States

R

ross22

United States

KM

KHS Microfinance

Tampa, United States

Villa Maria Outliers

Montreal, Canada

RM

Robbie McCullagh

Waverton, Australia

AA

Adam Atlas

Montreal, QC, Canada, Canada

JM

John Meserve

United States

Kate Courteau

United States

T

thedan33

Czech Republic

Kevin

San Francisco, United States

JC

JD Conley

United States

KD

Kent Don

United States

TS

Ted Suzman

United States

NH

N Holt

United States

C

cota

United States

N

nprad

United States

M

Mart

United Kingdom

JW

John Walsh

Alicante, Spain., Spain

Joey Jenkins

Portland, United States

GT

Gowan Tervo

United States

Paul Smithson

Leeds, United Kingdom

Rory McLaughlin

Dallas, United States

T

Tom

United States

AC

Aaron Curtis

United States

roark22

Geneva, Switzerland

E

EABF

Netherlands

J

jmfaber

Amsterdam, Netherlands

Sinan Taifour

Munich, Germany, Germany

PB

Pamela Barge

United States

Ryan Keller

Hong Kong, Hong Kong

MC

Mark Cowburn

United States

G

Gary

United States

J

Jon

United States

I

ibaer

Germany

Ren

Minneapolis/StPaul, United States

L

Lucy

Australia

A

Anonymous

United States

JZ

Julia Zaks

United States

Mary Norton

Byron Bay, Australia

Ken

Mequon, WI, United States

PC

Peter Cordier

United States

M

Mark

Toulouse, France, France

D

Dalton

San Francisco, United States

NH

Nancy Hull

United States

Dean Suminski

Portland, Oregon, United States

GS

Gary Sinard

Franklin, TN, United States

Doron Elinav

Ramat Gan, Israel

JC

Jordanna Chord

Kirkland, WA, United States

S

Sarah

Arlington, United States

Carrie

Arlington, MA, United States

Darren Jeppson

Denver, Colorado, United States

E

EJOBIV

United States

A

Aleks

United States

CH

Christian Holck

United Kingdom

BR

Brian Rickman

United States

C

Carol

Bayswater, WA, Australia

R

RM

Australia

T

Tanvir

United States

EA

Eric Ayers

Atlanta, United States

BS

Brian Schmidt

United States

KA

Kate and Tom

United States

Dao Nguyen

austin, United States

Babbitt Family Foundation

Sioux Falls, SD, United States

S

Sam

United Kingdom

JT

JOY to the world

Cottonwood Heights, United States

F

fambig

Switzerland

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