George
Malindi Kenya, Kenya
$0 to go
100% funded of $500 goal
0
days left
Entrepreneur
Name
George
Member since
October 2012
On-time repayments
11 installments • 0%
About Me
Am George Ngala,am married with 5 children who are all in school called at Ganda primary school in malindi district.i also live in majengo mapya in central sub location.i studied up to class 8 in the year 1986 and i did computer packages. this business to feed my family and help to educate my children.i will use the earnings to help pay my lenders also pay school fees.
My Business
my main business is selling of timber within malindi.I started about 10 years ago and i now have the necessary skills to do it.i sell the following types of timber,mahogany,cyprus,mango,borea timber and mikulu tress.i have a powerful power saw which is good for this job.i have no direct competition hence enjoy monopoly.demand is high due to many constructions going on within malindi.GROSS PROFIT KSHS 20,000.EXPENSES KSHS10,000.BALANCE KSHS 10,000.
Loan Proposal
I will use the loan to buy timber like Kenya shillings 15,000 shall be used to buy mahogany,Kenya shillings 10,000 shall be used to buy cyprus,Kenya shillings 5,000 shall be used to buy mango trees,borea timber and mikulu tress shall cost Kenya shillings 6,000.i will use my other loan to buy a power saw.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Dec 3, 2012
Repayment status
Late
Projected term
12 months
Lenders
Southampton, United Kingdom
Ipswich, United Kingdom
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