Entrepreneur
Name
Joseph
Member since
October 2016
On-time repayments
25 installments • 72%
About Me
I ran property management business registered under Keicophine East Africa and the business is lucrative though I have financing challenges and I trust that this loan will come in handy to spur my business
Nakuru town hosts army barracks that have significantly contributed to the areas' economy, members of the Army are among the leading investors in both property and retail sectors.
The area is also home to tens of private academies and schools including some of the best known in the country.
Investors in hotel and entertainment sub-sectors are setting up base in the town.
This is evident by several restaurant-cum-bars opening in the area. There are a few industries dealing in realtor business.
Agribusiness also plays a critical role in Nakuru County's growth. Greenhouse farming of vegetables and organic farming is being embraced by area farmers.
My Business
Property management business here in Nakuru County is lucrative and I have potential of making up-to 30,000 on monthly basis after taxes. As property Manager in the town, the demand for land and rental houses has gone up in the past six years,but the town faces a number of challenges as it grows. Drainage and sewerage systems are lacking, and now residents want the Nakuru County government address the matter an opportunity for youth owned firms to venture in like mine
They also want their Governor Kinuthia Mbugua led administration to put in place proper waste management systems. Water and electricity are not evenly distributed.
Bondeni and Kaptembuo slums, located at the heart of the town, is too a concern for residents. Besides being a den of illicit brews, the slum is said to host criminals.
Loan Proposal
I wll use the loan to expand my business and cater for marketing expenses including transport cost, conference facilitation fees
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Loan Info
Project Type
Classic Loan
Disbursed amount
$5.00
Date disbursed
Nov 20, 2016
Repayment status
On Time
Projected term
5 weeks
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