House development

Anthony

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Anthony

Member since

January 2015

On-time repayments

46 installments  •  61%

About Me

My names are Anthony njoroge kinyua,born and grew in Nakuru town.I am 34years of age.i attended Menengai Primary and High School.I joined JKUAT for Diploma in IT and later on i furthered to Barchelor of Science in the same institution.
Through much support from my mother who is a single parent i have been able to complete studies and acquire much enterpreneurship skills.The already running business was passed to us,me and my mother by my late dad in 1995.Where i live,there is a relative high demand for middle class housng in our town.Thus, i have engaged myself to Constructing residential houses for middle class society. My unique hobby is housing and farming.In addition to this I have developed an interest in carwash business.

My Business

With the increase in number of cars in the town,there is growing need for car cleaning service....the activity which require minimal capital is small business which does not require much in terms of labour and assets. The main product here is a clean car, sparkling as new. Given the nature of our roads and current weather conditions, dry and dusty, Most vehicles get dusty and dirty thereby creating the need for car cleaning service.

My decision to start the service is based on the low running cost and the high demand which combined Brings in some good profit

It will cost me $40 per week to hire a washing machine, $10 per week to buy 1500 liters of water while $1.6 will be used to buy soaps and cleaning clothes. All this will service approximately 10 vehicles per day at a service charge of $2dollar per car,which translates to $140 per week.

I intend to raise more capital and purchase a car washing machine for the business.

Loan Proposal

After acquiring the loan i will buy some materials and try to complete a housing project that is in its last stages.This will atleast enable me to acquire my goal as a housing enterpreneur and also offer housing services to the community.
I will be able to purchase paint and brushes and pay labour to the painters which will cost me 50$. I will be glad since it will now be possible for tenants to occupy it.
Upon occupation the tenants will pay me 65$ per month ad with this money my profit will increase by 35%.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jan 27, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

Feldborg

Stuttgart, Germany

ErikN

Stockholm, Sweden

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