Loan to purchase timbers for workshop inventory

Samson Siongok

Londiani, Kenya

38% repaid

Entrepreneur

Name

Samson Siongok

Member since

August 2017

On-time repayments

12 installments  •  42%

About Me

I was born and brought up in a village called kebeneti in kipkelion west constituecy in kericho county. I was born in 1968 from a family of eleven. l have four brothers and seven sisters. I'm third in the family .My parents earn a living in farming and that is their source of income. I went to Lilloch primary in 1974 to 1982 and joined Taitta Towwett secondary school in 1983 for my O level whereby i completed form four in 1986.I joined Kericho rehabilitation centre for the persons living disability for my wood work course whereby I graduated as a carpenter.

My Business

My business deals with timber sales and sometimes furniture. It's located at Kedowa market Londiani division. I started the business through contributions from friends and well wishers. The contributions which I got enabled me bought tools for carpentry and joinery. The business grew gradually till I bought a scooter for splitting timbers whereby I started selling timbers apart from marking furniture. I had to add two people to help me in the work.

Loan Proposal

I will my use my loan to expand my existing business by increasing the stoke which is already there so as to fulfill the customers demand. I will look for trees worth USD100 to split timbers and remaining USD50 use for transportation, USD48 will use to educate my two children in secondary school. Thanks and l would be much grateful for you lenders.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$103.88

Date disbursed

Nov 1, 2017

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: $4.38

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