Purchase of equipment for security firm

Norris Wafula

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Norris Wafula

Member since

December 2014

On-time repayments

296 installments  •  30%

About Me

My name is Norris Wafula, 31 years old, married with one son called Hein who is my greatest inspiration. Am a Bukusu, a sub-tribe in the Luhya community in Western Kenya. Most of my childhood life was spent in the rural setup, only after completing my college with a diploma in Information technology is when i was able to come to Nairobi city in search of greener pastures. currently am perusing a degree in Business of information technology.
Life in the city wasn't that easy as i expected however after much waiting and undertaking several unskilled jobs and mostly employed as a security guard, i meet a friend who was starting up his own company and we joined hands from the initial establishment of a company dealing with swimming pool maintenance . This was my turning point in life and i realized it's not a must to be employed but rather you can become self employed and further more create job opportunities to others. I decided to do something different and i registered a security firm which am currently recruiting,training and supply guards to institutions around my home area. My hobbies are swimming, watching movies and traveling.

My Business

My firm is known as Wasino security Services, currently the firm offers the following services; guarding services, Backup & patrols, Event management, V.I.P escort, Electric fencing and CCTV installation. I came up with this business idea after evaluating the area and found out that most institutions employ guards not attached to any firm and without any training. This business does not only benefit me but it also helps me reach out in developing my community by offering Job opportunities. Am the sole financier of the business with little savings form my current job. Currently i have 16 guards and spend USD 44 per guard for recruitment, training and supply of equipment and hired one former security officer to manage the guards. My clients pay a monthly guarding fee of between USD 55 -77.
Monthly am able to make a profit of around USD 115 which most of it is ploughed back into the business. With a promising growth, i foresee a bright future for my firm.

Loan Proposal

Am looking forward to purchase equipments that will make my guards effective in their guarding duties. The equipments that am to purchase are as follows:
a.10 Touches @ Usd 3.84 each =Usd 38.4
b. 8 Metal detectors @ Usd 15.36 each = Usd 122.88
c. 10 Guard batons @ USd 10.97 each =Usd 109.7

Total Cost is USD 270.98
This equipments will enable my firm to be able to undertake contracts that require firms that are prepared and able to guard high risk premises and business that require security checks before accessing them and also make it able to undertake night patrols without problems of lack of lights while offering the guards with a baton for personal protection in unsecured encounters.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$261.87

Date disbursed

Mar 18, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $9.90

Lenders

Q

Quomar

Żmigród, Poland

B

bgalon

London, United Kingdom

Ishaque

New Jersey, United States

Kitty

Hailsham, United Kingdom

Johnny

shanghai, China

O

Oliver

Geneva, Switzerland

AndreaBravi

London, UK, Canada

petitnekomimi

Milverton, United Kingdom

F

faical

Cologne, Germany

T

traderjohn

Baltimore, United States

mike123riley

Palo Alto, United States

Zidisha

Sterling, United States

sebastienrosa

Quebec, Canada

T

ToddK

Indianapolis, IN, USA, United States

T

thejacobnorton

Jubail, Saudi Arabia

athomas

Chevy Chase, United States

amovida

Central valley, ny, United States

S

Sammlung

Glendale, United States

1

1dancer

Irvine, CA, United States

ads68

Melbourne, Australia

O

Oscart

Edmonton, Canada

Bruno

São Paulo, Brazil

postnihilist

Honolulu, United States

sarna

Toronto, Canada

bycyt

Whitefish, United States

neocodesoftware

vancouver, Canada

mikeoberhaus

San Francisco, United States

isabelv

Barcelona, Spain, Sweden

B

Bokolo

Leeds, United Kingdom

J

jcappel

Toronto, Canada

R

ricka736

Wellington, New Zealand

E

elourenco

Porto, Portugal

Evan Lamos

Brussels, Belgium

L

lobotommy

OSLO, Norway

Walterlo

West Hollywood, United States

D

drorm

United States

KrautFunding

Hamburg, Germany

G

geoff

United States

Paul Buchheit

Mountain View, United States

M

Michi

Switzerland

K

Karpet

Faroe Islands

Anu

India

mepster

San Francisco, Ca, United States

Leonardia

Waddinxveen, Netherlands

S

SaraNT

United States

A

adamdreaming

United States

himynameismartin

Czech Republic

R

Ruj-ura

Thailand

KM

Kirsty M

United Kingdom

M

Markus

Hamburg, Germany

thoru

Dresden, Germany

Tsay

Taipei, Taiwan

MW

Matt Willis

United States

WH

Walter Hill

United States

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