Purchase of larger water tanks for construction supply business

Ephantus

Utawala, Kenya

100% repaid

Entrepreneur

Name

Ephantus

Member since

April 2013

On-time repayments

205 installments  •  59%

About Me

I am a single young man living in Kenya and working very hard to achieve my personal goals. I was educated to form four and awarded with my O level certificate of secondary education in the year 2000. The following year I was employed as a election clerk with the Electoral Commission of Kenya for Three years. There after I started a business of production of animal feeds in Nakuru but was brought down by post election valence in the year 2007. I made a decision to move to Nairobi and start a business of hardware where I was selling all types of building and construction materials and also renting some building machine and equipments.

My Business

Currently my business is located in Katani Githunguri Road near Jaba Hardware. A business of hardware where I am selling all types of building and construction materials and also renting some building machine and equipments.The machines available are water pumps, vibrate, cement mixtures and tile cutters. I also stock timber to assist my clients with construction Job. In good month I make Ksh 30000 after paying for all my expenses. The main challenge for this work is lack of capital to purchase enough machine and equipment to meet the current demand.

Loan Proposal

Sometimes, I have been getting two jobs at a time and i have always been postponing the second job in my water pumping business. With the introduction of drums, i will be able to shuffle between sites as i will be able hold large amounts of water on one site while i rush to the second site to effect the same. It is a temporary but efficient solution as i look to buy a larger and more capacity pump.

Show original English  

About Me

Am single young man living in Kenya and working very hard to achieve my personal goals. I was educated uo to form four and awarded with my O level certificate of secondary education in the year 2000. The following year I was employed as a election clerk with the Electoral Commission OF Kenya for Three years,There after I started a business of production of animal feeds in Nakuru but was brought down by post election valence in the year 2007. I made a decision and moved ,to Nairobi and a business of hardware where I was selling all types of building and construction materials and also rent some building machine and equipments.

My Business

Currently my business is located in Katani Githunguri Road near Jaba Hardware. a business of hardware where I was selling all types of building and construction materials and also rent some building machine and equipments.The machine available Water pumps, vibrate, cement mixtures and tile cutters, I also stock timber for hire to assist my client with construction Job. In good month I make Ksh 30000 after paying for all my expenses. The main challenge for this work is lack of enough capital to purchase enough machine and equipment for hire to meet the current demand.

Loan Proposal

Sometimes, I have been getting two jobs at a time and i have always been postponing the second job in my water pumping business. With the introduction of drums, i will be able to shuffle between sites as i will be able hold large amounts of water on one site while i rush to the second site to effect the same. It is a temporary but efficient solution as i look to buy a larger and more capacity pump.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$109.00

Date disbursed

Apr 2, 2014

Repayment status

On Time

Projected term

8 weeks

Lenders

B

BobHope

United States

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