Purchase a road cutter

Mary Waithaka

Nairobi, Kenya

24% repaid

Entrepreneur

Name

Mary Waithaka

Location

Nairobi, Kenya

On-time repayments

44 weekly installments  •  70%

About Me

I am optimistic, Hardworking person who believes that you get whatever you focus on.. I am 26years old running a Construction company and studying part time project management and planning at university of Nairobi.
I am a mother of 2 and a nairobi resident With 8 Years Experience in Business Management.
I Worked for 6 years as an office administrator till i incorporated my own company in 2016.

My Business

Employed and running a Limited Construction company.
I deal with tenders mostly from the government. With Successful Projects Under KeRRA, Ministry of Energy, County Government of Homabay, Meds, Ministry of Education, Ministry of Agriculture Etc.
Sometimes We dont get payments on Time hence the need for loan application to enable us to proceed with the projects and avoid loses which might occur when the projects are not yet completed.

Loan Proposal

With A Government Contract For Routine Maintenance By Kura, I Plan To Invest In A Road Cutter Machine, Instead of Hiring one at 7500 per day for One Month.

Income Source

Government Parastatals Usually have Money separated for the projects hence they are not affected by the current economic climate

Feedback

2

None

None

  • David    Apr 23, 2021

    Loan was originally scheduled to take three months. Regular payments were received and the loan was completed in four and a half months. This is excellent for a larger loan and more ambitious project. Well done and good luck.

    Log in to reply • Share
  • Sabrina    Aug 1, 2020

    Thanks a lot for repaying the loan even weeks before it was due! Good luck with all your projects.

    Log in to reply • Share


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Loan Info

Disbursed amount

$1,543.71

Date disbursed

Apr 12, 2021

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: 5% of $1,543.71 = $77.18

Credit risk payment: $308.74

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