George
Saika - Omega, Kenya
45% repaid
Name
George
Member since
March 2014
On-time repayments
69 installments • 25%
My names are George Ngugi, am born again, married to one wife Elizabeth. I live in Omega Saika Nairobi along Kangundo road.
I am co founder of Soft leather company that deals with leather processing.
The company is young and growing with promise of expansion given the market availability across east Africa and across the region.
We get our products from nearby slaughter houses and market is readily available.
I have years of experience in leather processing having worked in various companies based in Nairobi Kenya.
The potential for growth in Kenya’s leather industry is considerable. The government estimates that value addition could more than double the current earnings to ksh 9 billion. The country has in recent years produced over two million hides (mainly cattle, with some camel) and around four million skins (goats and sheep).
The products in this sector include raw hides and skins; chrome tanned hides; wet blue skins and hides; shoes and she uppers/ footwear; finished leather; semi-finished leather products and PVC coated fabrics.
We are therefore involved in leather processing which forms the basics of our revenue.
I take this opportunity to most sincerely Zidisha team and lenders for according me another opportunity to place my second loan. Below is my budget for the loan requested.
1. Mimosa - 20gs @ 250KES x 20 = 5,000KES
2. Sodium Bi Carbonate - 20gs @ 160KES x 20 = 3,200KES
3. Fatliquor - 20Kgs @ 160KES x 20 = 3,200KES
4. Formic acid - 8Kgs x 132KES = 1,056KES
5. Transport - 300KES
TOTAL COSTS = 12,756KES
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$149.00
Date disbursed
Jun 17, 2014
Repayment status
Late
Projected term
15 months
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