Samuel
Olkalao, Kenya
100% repaid
Name
Samuel
Member since
April 2014
On-time repayments
17 installments • 41%
I am a married man with two sons. I live in Olkalao town in Mundia Estate, Vision Villas plot. I run a private security business registered as Meritex Security Services with an office located at Club House Buliding in Olkalao town. I started the business after identifying an existing opportunity in the town and the lack of someone providing similar services i9n the town. The main revenues generated is from the monthly fee charged on the clients whom we provide security services to. My hobbies include mainly traveling and reading.
I co-own a Security firm, registered as Meritex Security Services with the Head office in Olkalao town, which is also the county headquarters for Nyandarua County. The business idea was necessitated by the lack of other similar operators based in the town and who have experience in running a security firm. The business is mainly a service type, and most of the turnover is from the monthly fee that is billed on the clients, however as part of the expansion proposals, we intend to sell security equipment to the local community who still employ their security guards directly. The business is profitable due to the limited competition in the area, few risks exist which are only limited to our established competitors. Monthly bills are salaries, electricity bills, transport and rent. the loan will be wholly applied in purchase of equipment for new guards we intend to employ.
The business has expanded and I have received new assignments.
My names are Samuel Kamau, 34yrs old and am married and a father of two boys aged 7yrs and 4yrs. I live in Olkalau town, currently am running a Security Firm called Meritex Security Services in Olkalau town. I have previously worked in a busy organization in a level that requiring high skills in interpersonal and administrative skill. My business partner who is also my wife has previously worked in administrative level in a large private security firm, this has given us an edge in the ability to obtain clients and run the business efficiently.
Security being a sensitive issue in the current society setting, we have expanded our services to offer security services as private contractors to the local community and mainly the expanding horticultural farm in Nyandarua County. Among the core Services offered are manned guards. Due to the rapid increase in our operations, our clients base has increased.
The loan applied will be fully utilized in purchase of uniforms and equipment for the guards.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Apr 24, 2014
Repayment status
On Time
Projected term
2 months
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