Supplying gypsum for construction

George

Kitengela , Kenya

32% paid forward

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

Project 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.
Part of the gain will be ploughed back into the business to grow my capital base and consequently profit, while the rest will aid in home bills settlement such as water, electricity, school fees etc

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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Project Info

Project Type

Pay It Forward

Disbursed amount

$674.00

Date disbursed

May 6, 2023

Backers

JimVandegriff

Trinidad, California, United States

dlpringle

Denver, United States

Nicholas

Nairobi, Kenya

Willy

Nairobi, Kenya

Ahmad

Bojonegoro, Indonesia

JH

Joseph Hwang

Houston, United States

Elizabeth

Eldoret, Kenya

Fendy

Rangkas Bitung, Indonesia

Geri

Pangandaran, Indonesia

Olawale

Lagos, Nigeria

Leah

Kisumu, Kenya

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