To purchase a mobile concrete mixer

Jabez

Nairobi, Kenya

Funds disbursed

$0 to go

100% funded of $14 goal

0

days left

Entrepreneur

Name

Jabez

Member since

April 2018

On-time repayments

3 installments  •  33%

About Me

My name is Jabes Otieno Olale. I am a Kenyan Citizen cum entrepreneur. I am an civil engineering graduate who intends to make a difference not only in my own life but in those of others. My dream is to own a fully fledged construction company come someday.

My Business

Currently, I own a few construction equipment which I hire out to builders at a fee. Currently, I have two concrete vibrators and one plate compactor.

Loan Proposal

I am a civil engineering graduate. I never got an employment opportunity when I left college. I tried to look for one but the opportunity never came. So, I decided to be an entrepreneur contractor leasing out small-scale construction equipment to small-scale contractors in Nairobi at a fee of 1500 per day per every machine. The business has been good. Currently I have some vibrators and plate compactors for hire. But for now, I want to purchase a mobile concrete mixer at a cost of USD $1000.
Buying this equipment will not just boost my earning capacity y at least 30%, but will also employ one or two gentlemen who will operate the machine at various sites on my behalf. Apparently, this mixer is in high demand since not so many small-scale contractors in the city possess it even though they are in need of it.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$14.00

Date disbursed

Oct 18, 2018

Repayment status

Late

Projected term

2 weeks

Other loans

Lenders

We Not Me

St. Paul, Minnesota, United States

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  • Jabez    Oct 24, 2018

    I sincerely thank the lenders (
    We Not Me, St. Paul, Minnesota, United States) at Zidisha for not only their approval of my dream to own a mobile concrete mixer, but also to support it financially by agreeing to lend me the money, subject to the records, so far totaling $15 USD. I first received $1 fund followed by $14 USD fund as per the loaning criteria put forward by the Zidisha team. While the amount could not fully enable purchase a $1000 USD machine (mobile concrete mixer), I used the money instead to add to my inventory and purchase a medium plate compactor. And I work to service my loan in due time, I also aim at increasing my credit limit so that I can borrow more funds so as to finally purchase this dream concrete product machine.

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    • We Not Me    Nov 3, 2018

      Jabez, it's my honor to participate in a small way as you realize your dream. Good luck, sir!

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