Timberyard and hardware stock increase

David Gitau

Gilgil, Kenya

100% repaid

Entrepreneur

Name

David Gitau

Member since

September 2016

On-time repayments

67 installments  •  67%

About Me

am David ,,first born in a family of 4 children. Am an entrepreneur owning a Hardware store and a timber yard.Firstly I thank my lenders for previously supporting me raise my previous loans.Being the first born in a family of four, I have come a long way for me to be able to own the hardware and the timer yard. I got a family not yet have a child but hoping to get one soon. I get money to support my needs to support my family from my business.

My Business

The hardware store is where I get my income .In the hardware store I make sales of about 1500 dollars weekly and in the timber yard sales of a bout 100 dollars weekly. My family needs are met through the profit made from my business. The profit which I make share it to my saving account ,,family needs ,,increase my hardware stock. In my Hardware you will find cement,, iron sheets,, nuts,, pipes and pipe fittings and other building materials. Firstly I started with the hardware which started operating back in 2016 .With the profit made I have been able to open a new business which is the timberyard .I sell timber, offcuts and firewood. I am looking forward to expanding both business from profit made and support from my Zidisha lenders.

Loan Proposal

Currently I own a Hardware store and a timberyard where I sell timber off cuts and firewood. In the hardware store I have stock ranging between 300000 to 400000 thousand. The timberyard have just started to work and got a stock of about 50000.I would like to request a loan of about 50000 for me to be able to finance my Timberyard and increase my stock to 100000 .This will help me increase my profit and be able to save more. I make sales of about 20000 daily in the hardware and about 5000 to 10000 in the timberyard. I am aiming to open a new branch after I expand my profit .I believe I can expand my business because since I entered the business I have been able to live an average lifestyle.

My Videos

Jun 22, 2021: My hardware business video

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Loan Info

Project Type

Classic Loan

Disbursed amount

$11.75

Date disbursed

Oct 21, 2018

Repayment status

On Time

Projected term

1 week

Cost to entrepreneur

Service fee: $0.49

Credit risk payment: $1.48

Lenders

MarktheMormon

Sandy, Utah, United States

HH

Helen Horseman

United Kingdom

BP

Brian Piltz

United States

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