To buy wheelbarrows to rent out to others

John Ndegwa

Kiptagwanyi Kenya, Kenya

100% repaid

Entrepreneur

Name

John Ndegwa

Member since

July 2012

On-time repayments

243 installments  •  52%

About Me

My name is John ndegwa, in our language kikuyu in Kenya, the word ndegwa means a bull cow. I'm the third child in my late father's family. My both parents died late 80s. I helped to raise my youngest brother and sisters who were left by our parents when young. Having not being Soo much educated I didn't get a good job, so I became just a business man.

My Business

I'm a young contactor in building. I started the business due to my talent in building since from school. During my learning in school, there was a subject taught known as art and craft. I learned to build walls made of mud bricks in school. This is how I got interested in massonary work. Later, when I grew up, I started building houses for payment to people in my neighborhood. It later came to be my eaning business. It has helped me to raise a family.

Loan Proposal

With the loan I'm going to buy 8 new wheelbarrows for renting. It will be pay me much because one wheelbarrow is paid 300 sh per day. The profit got will be added to profit got from other machines to bring much payment to help paying the loan.

Income Source

This wheelbarrows will make more earnings. I have done enough research and found that given good management together with other machines the profit will be enough to pay my loan. This will attract many customers because it simple to rent one than to buy. It is simple to maintain them because they need little maintenance.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$435.05

Date disbursed

Nov 7, 2020

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $41.40

Credit risk payment: $57.95

Optional expediting fee: $41.40

Lenders

Brian

Midhurst, Canada

AltruisticSelfishnes

Chicago, United States

lietu

Tallinn, Estonia

Sundstroms

Falun, Sweden

D

Divergent

Bethesda, United States

Cloudways

Malta, Malta

Ingela

Falun, Sweden

A

anagnan

BRUXELLES, Belgium

R

richdullaghan

Encinitas, United States

mikeice

Kohler, United States

sderickson

Berkeley, CA, United States

B

bscent

Hong Kong

S

Stephan

Netherlands

Dave Bogard

New York, United States

moursund

Beaver Nation, United States

Kevin

San Francisco, United States

I

Ian

United Kingdom

AH

ajay hampapur

United States

Aran Dunlop

United States

roark22

Geneva, Switzerland

Sinan Taifour

Munich, Germany, Germany

Angi

Germany

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Carrie

Arlington, MA, United States

Nick Studenski

Minneapolis, United States

A

Anonymous

United States

CG

Chris Greene

Birmingham, AL, United States

Ask John a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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