Hardware business stock increase

David Gitau

Gilgil, Kenya

100% repaid

Entrepreneur

Name

David Gitau

Member since

September 2016

On-time repayments

67 installments  •  67%

About Me

am David ,,first born in a family of 4 children. Am an entrepreneur owning a Hardware store and a timber yard.Firstly I thank my lenders for previously supporting me raise my previous loans.Being the first born in a family of four, I have come a long way for me to be able to own the hardware and the timer yard. I got a family not yet have a child but hoping to get one soon. I get money to support my needs to support my family from my business.

My Business

The hardware store is where I get my income .In the hardware store I make sales of about 1500 dollars weekly and in the timber yard sales of a bout 100 dollars weekly. My family needs are met through the profit made from my business. The profit which I make share it to my saving account ,,family needs ,,increase my hardware stock. In my Hardware you will find cement,, iron sheets,, nuts,, pipes and pipe fittings and other building materials. Firstly I started with the hardware which started operating back in 2016 .With the profit made I have been able to open a new business which is the timberyard .I sell timber, offcuts and firewood. I am looking forward to expanding both business from profit made and support from my Zidisha lenders.

Loan Proposal

I will take the loan offered ,will buy water fittings which are very movable in my shop.Some of these items are : water taps , adapters of all sizes ,metro elbows and G.I elbows and other many items .will resell them at a higher price to make profit Which I will use to cater for my family and increase my savings.

Income Source

The hardware business is not much affected by the pandemic which enables me sell my iTems not taking much time .In these case I sell cement ,nails and iron bars which are a bit movable hence will be able to make loan payment on agreed dates without fail.

My Videos

Jun 22, 2021: My hardware business video

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$42.54

Date disbursed

Mar 1, 2021

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $1.99

Credit risk payment: $5.98

Lenders

MarktheMormon

Sandy, Utah, United States

MindMuse

Talking Rock, United States

Kevin

San Francisco, United States

Anya

Redmond, Washington, United States

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