Money to buy a tile cutter

Kennedy Mwaizangu

Kahawa Wendani, Kenya

100% repaid

Entrepreneur

Name

Kennedy Mwaizangu

Member since

August 2015

On-time repayments

200 installments  •  23%

About Me

I am a residence of Kahawa Wendani born and bred here my father was in the army and my mother was a house wife,I have two brothers both are not in the country at the moment I plan to get married some time most probably next year,my goal in life is to be an engineer though the road to getting there is tough and very expensive so in the mean time I am a mason, after I finished my high school education I joined Nairobi Technical College and trained to be a mason,after my college education it was difficult getting employment so I started marketing myself on putting tile to new and old houses and so that is how I started my business.During my free time I sing in the Church Choir and I also like playing football with friends.

My Business

My business involve putting tiles in houses and anywhere else the client want them,in the meantime I have an office but I haven't registered a company or website yet so I can't claim to have a company but soon am planing to register my own consultancy company that will be after I finish my studies in engineering.In my line of business I put roofing on houses and I also put tiles which has turned to be my specialty I choose this kind of business cause it is very marketable and profitable since you always get business after you finish your last one you only have to make it stand out and everyone want their houses and businesses to look good and attractive so thats why I prefer to concentrate on putting tiles.
From the profits I make out of my business I support my mother for she is a widow and I also save since I want to go back to school and study to be an engineer I also use the money to buy equipment for my tiling business for I would like my business to grow even bigger and more profitable.

Loan Proposal

I need to buy a tile cutter worth Ksh12,000 with the funds from Zidisha after deduction the amount I will receive of Ksh6,928 I will add to my savings and get the machine that will be so helpful to my business,with the machine I will save money since currently I don't have a tile cutter for my tiling business so I will manage to save money and I will also be able to manage myself well since at times am inconvenient by the people whom I hire the machine from so if I manage to get the machine I will be able to generate more money and so repaying my loan will not be stressful thanks in advance.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$149.28

Date disbursed

Sep 16, 2015

Repayment status

On Time

Projected term

14 months

Cost to entrepreneur

Service fee: $6.51

Kennedy opted to pay $61.11 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

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