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Simon

Kiptangwanyi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Simon

Member since

November 2011

On-time repayments

97 installments • 20%

About Me

I am 32yrs old, married with 2 kids, one in pre unit school. I am a graduate teacher in a public school called Muriricua Secondary School in kiptangwanyi trading centre. I teach Mathematics and Business studies. I reside in Kiptangwanyi shopping centre which is about 42 km from Nakuru town. I am a tenant in plot number 102 house number 1.

My Business

My business entails the sale of hardware materials. I sell cement, paints, roofings, iron sheets, wheelbarrows and other building and construction materials. There is very high demand of these commodities since Nakuru is a fast growing town and the demand for housing is very high. This has increased the demand for building and construction materials. I purchase my goods from Nairobi at a relatively lower price hence my customers prefer my goods as I sell to them at a relatively lower prices. The main challenges that my business encounter are insufficient capital, high transport costs and fluctuating prices of commodities. Currently I am using my income and earnings to expand my business.

Loan Proposal

I would like to expand my business by supplying more building and construction materials. Materials that I would like to add in my business are binding wire, ballast, waterproof. This is because these materials have a very high demand since in every construction here they are a necessity. I would also expand the building that I use in running my business. This is because the one I am operating in is small.