Increase hardware store stock

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 increase my hardware store by buying small items like painting brushes where I will and the money lended to my saved money to buy them .It will cost me about 50 dollars. I expect to get an approximated profit of about 20 dollars from the stock added.The profit from the investment will use it to increase my saving account money so as to help me meet meet my annual target of saving about 300000 .

My Videos

Jun 22, 2021: My hardware business video

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.76

Date disbursed

May 19, 2017

Repayment status

On Time

Projected term

4 weeks

Cost to entrepreneur

Service fee: $0.50

David opted to pay $6.24 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

O

Oliver

Geneva, Switzerland

MarktheMormon

Sandy, Utah, United States

Paul Buchheit

Mountain View, United States

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