David
Naivasha, Kenya
100% repaid
Name
David
Member since
November 2013
On-time repayments
242 installments • 10%
Am David murage wachira,born in 1966 nyeri district,nyeri county.Am married with three children.my parents are Jane gathoni kariuki and john wachira jackson.Am the first born in our family.I have five siblings,one boy and four girls.I was born in 1966.I want for primary education at kirichu primary school from 1974 to 1980.I then joined Muruguru secondary school in 1981 and finished my O level in 1985.I passed.I joined chinga boys high school in 1986 and completed my A-levels in1987.I joined kagumo teachers college in 1990 and trained as a teacher where e completed in1992.I tought in different school until 1998 when i stopped and started a carpentry business involving making and selling doors.That is the business e have done since then.I hope to buy machines to boost the business when i get Your loan
My business involves making and selling doors made of timber.It is located at Naivasha town near Naivasha general hospital.The items i sell are are very marketable since Naivasha is a growing town.In a good day i might sell 10 doors and frames making an average of ksh1000.what minimize my profit is the high cost of items and the transportation cost since we get them from Nairobi.The profit is marginal since for sh30000 i only get sh1000.
If i could buy machinery to make them by my own i could increase profit to ksh500.my business would encounter growth.With finances from you,i may be able to achieve it
NB-US$1=ksh82.
when i get the loan will use sh6000 to buy 5 door at sh1200 and sell them at sh1600 making profit of sh2000.I will use sh6400 to buy 8 doors at sh800 and sell them at sh1200 making profit of sh1600.The item sell fast so i will sell them weekly.I expect to make profit of sh3600 weekly which is more that enough to pay your loan installments weekly
Positive
4
Neutral
None
Negative
1
Project Type
Classic Loan
Disbursed amount
$148.00
Date disbursed
Sep 4, 2014
Repayment status
On Time
Projected term
2 months
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