Purchase of a new power saw

Mararo Daniel

Kisii, Kenya

100% repaid

Entrepreneur

Name

Mararo Daniel

Location

Kisii, Kenya

On-time repayments

56 weekly installments  •  89%

About Me

I am Mararo Daniel, a Kenyan citizen. I am 28 years old. I was born in a family of four, and I am the third born. My parents were farmers. I am married with one kid. I come from a village where people have not been civilized. People are still living in traditions.

It is through my parents that I am now who I am. They encouraged us to plant trees when we were young. From that, I was able to get capital with which I started the business.

I first thought of what I could do to help sustain myself and my family. It wasn't until a friend gave me an idea of starting a business of selling timbers that I went ahead and searched for the market. I asked my friend, who had a power saw, to help me make timber and I would pay him after selling them. When they were ready, the buyer came and collected them by himself.

With the little money he gave me, I went to Kisii town and got a small plot for two years and built a temporary store. I then went again and cut 6 trees and made timbers. I transported them to my timber yard. I now can buy trees and make timbers for myself.

My dream is one day to buy my own plot, build a big timber yard, and have my own pickup.

My Business

I own a small timber yard. I buy trees from farmers and hire someone with a power saw to make me timbers. I can sometimes buy ready timbers and transport them to my timber yard.

It is through a friend that I decided to start that kind of business. It wasn't until I started that I realized that timbers have high demand. Timbers have many uses. One, they can make furniture. They can also be used in building and have so many other uses.

From that small business, I can sell up to $600 in a month. From that, I make a profit of $150 a month. I use my profit to pay rent ($40). The rest I use to feed my family.

Loan Proposal

I here by again re_apply for the loan that would enable me purchase a new power saw that will cost about ksh60000. Once I receive my loan, I shall top the remaining amount from my past savings.
I have decided to add a power saw as I have found anew market where I can make timbers and their at the sight sale them to distributors. This shall make me not to depend at only those customers who come to buy from my timber yard.
Having two machines will a sure me of continuity of work as in when one has a mechanical break down the other one will be doing work. And when all are in good condition, I have aboy who assist me run the work, and this shall simplify the work and be able to asure my distributors of serving them promptly.
By starting this business business I expect huge profit as I sale at wholesale price but sale in huge quantity. Than selling one piece of timber at a high price but sale few timbers. Wish to hear from you. Thanks in advance.

Show original English  

About Me

Am mararo daniel, a Kenyan citizen. Am 30years old. I was born in afamily of four whereby am the third born. My parents were farmers. Am Maried with two children.
I come from a village where people have not been civilized. People still living in traditions.
It is through my parents that am now whom I am . They encouraged us to plant trees when we were young. From that i was able to get capital of which I started with business in the year 2014 December.
I first thought of what I could do to help sustain myself and my family. It was until afriend gave me an idea of starting a business of selling timbers. I went ahead and searched for the market
. when I got,i asked my friend who had apowersaw to help me split timbers and pay him after selling them.when they were ready the buyer came and collected them by himself.
From the little money he gave me. I went in kisii town and hired a small plot for two years and built a temporal store. I then went again and cut 6trees and split timbers. I transported them to my timberyard . I now can buy trees and make timbers for myself.
My dream is one day to buy my own plot. Build abig timberyard. Have my own pickup.





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My Business

I own a small timberyard. I buy trees from farmers ,split timbers by myself assisted by a friend whom I have employed. I can sometime buy ready timbers and transports them to my timberyard. Of late, I was able to secure a contact in two schools around my village, a contact of supplying them with timbers and firewood.
It is through a friend that I decided to start that kind of business. It was until I started is when I realized that timbers have high demand. Timbers have many uses. One, they can make furnitures. Can be used in building and so many other.
From that small business I can sell Upto $600 in month. From that i make a profit of $150 amonth.
I use my profit to pay rent($40). The rest i use them to feed my family

Loan Proposal

I here by again re_apply for the loan that would enable me purchase a new power saw that will cost about ksh60000. Once I receive my loan, I shall top the remaining amount from my past savings.
I have decided to add a power saw as I have found anew market where I can make timbers and their at the sight sale them to distributors. This shall make me not to depend at only those customers who come to buy from my timber yard.
Having two machines will a sure me of continuity of work as in when one has a mechanical break down the other one will be doing work. And when all are in good condition, I have aboy who assist me run the work, and this shall simplify the work and be able to asure my distributors of serving them promptly.
By starting this business business I expect huge profit as I sale at wholesale price but sale in huge quantity. Than selling one piece of timber at a high price but sale few timbers. Wish to hear from you. Thanks in advance.

Feedback

2

None

2

  • Margaret    Oct 4, 2018

    Daniel has used Zidisha long enough to know how important repayment is, yet he borrowed $534.00 over a year ago and has not made a single repayment towards this amount. I would not trust him with another loan.

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  • Joost    Aug 8, 2018

    This person doesn’t repay his loan and doesn’t communicate at all.

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  • Mary    May 7, 2018

    Mararo is exactly the type of borrower Zidisha was made for. He is looking for opportunities and adapting his business plans as needed to seek success. I reccommend lending to him.

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    • Mararo Daniel    May 17, 2018

      Dear Mary,
      Hi, thanks for your financial support. Look forward to open a new business and i believe to get market as I will be a monopolist that is around my locality. Thanks so much for your recommendation.

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  • Katja    Mar 29, 2017

    Good Luck to get through the rainy Season with your Business and thanks for repaying on Time!

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    • Mararo Daniel    Jul 12, 2017

      Thanks. Wish you well.

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      • Mararo Daniel    Oct 5, 2017

        Kindly I would like to inquire whether you normally visit your clients, and if so, kindly I will request that you don't pass me.

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    • Mararo Daniel    Apr 9, 2018

      Dear katja,
      Hi, am happy to write to you this message requesting for your support. Kindly I have a project that needs some capital that I can't raise alone.Am eager to here from you soon. Thanks in advance

      Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$533.88

Date disbursed

Nov 1, 2017

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $24.02

Mararo opted to pay $182.77 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

investor

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johan

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BelleStarr

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cyrus0302

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EHTHighSchool

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J

jozua

Delft, Netherlands

A

anonymus

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Pere

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Y

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E

Elisa

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TheWhiteCat

Surrey, United Kingdom

MichaelR

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C

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chasingtheskies

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Krtecek

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G D Export

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T

tmsaddress

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athomas

Chevy Chase, United States

gbnbca

Janeville, Canada

H

HildeK

Rogaland, Norway

Cloudways

Malta, Malta

A

aiban

Austin, United States

S

SvenWaage

Stavanger, Norway

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Scodeb123

Huntsville, United States

Bhayl

Stavanger, Norway

P

Peksa

Espoo, Finland

J

jerryq

Redding, United States

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glh25

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fairspirit

Utrecht, Netherlands

davidt

San Francisco, United States

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solarkismet

Logan, United States

U

UTLonghorn

Lincoln, United States

numbat

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M

Moonknight

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C

Colmena

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A

AndrewC

London, United Kingdom

S

smetis

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P

Pavane

Kungsbacka, Sweden

somuchjackson

Boston, United States

H

happytrailsjpd

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mikeice

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Evan Lamos

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liseman

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sderickson

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E

elhh82

Petaling Jaya, Malaysia

J

JacobvdW

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T

tengbao

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adiipienaar

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Paul Buchheit

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bb4dogs

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leftyoctober

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smastermind

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adamdreaming

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Mike and Jacqui

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S

Stephan

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Dave Bogard

New York, United States

Karijn

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PG

Paul Graham

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Craig Newmark

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SH

Stephanie He

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Humble Bundle Community

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Paul Buchheit

Mountain View, United States

A

Anonymous

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CN

Craig Newmark

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