Transport loan

Getrude Bett

Eldoret , Kenya

100% repaid

Entrepreneur

Name

Getrude Bett

Member since

February 2017

On-time repayments

25 installments  •  92%

About Me

l am Gertrude Bett who is 30 years old. I am a young entrepreneur who lives in Eldoret, Kenya. I am from a single mother who has three children including me. My father died while we were small children. My mother had to raise us single handed without a source of income. I remember a lot of times we used to go without food. Completing school was even a bigger hurdle. I believe these are the reasons why I work so hard. I started my business from funds my relatives and friends contributed and that is why I appreciate help from others.

My Business

I deal with timber and timber products. I sell sawed timber to the building industry and also to local carpenters. In my timber yard I also make furniture at an order. I have a pick up truck that enables me to deliver products to my clients as an after sale service at a fee of course. My core business is the resale of timber which I purchase from saw millers. The challenge I face is for fuelling a lorry to deliver the timber to my yard. Which after buying the timber I remain with so little funds to cover all my costs. A little extra funds will go a long way in assisting my business.

Loan Proposal

In my line of business the most problems that I get is transport related. At times I get an order and the product is ready with the supplier but I don't get enough funds to meet transport related expenses. first, I have to book the lorry to facilitate permit to transport timber which is a law in Kenya and that requires money. Secondly ,I have to fuel the said lorry. In case I get an order abruptly ,the supplier can get me the goods but I would be defeated in obtaining a transport solution. This loan I am going to use to fuel and book such transportation needs that may arise.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$33.00

Date disbursed

Dec 22, 2017

Repayment status

On Time

Projected term

4 weeks

Lenders

PB

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European Union, Netherlands

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Summary

Amount repaid

$33.24

Amount remaining

$0.00

Date repaid

Jan 18, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 30, 2017 $9.85 Dec 27, 2017 $9.85
Jan 6, 2018 $9.85 Jan 7, 2018 $9.85
Jan 13, 2018 $9.85 Jan 18, 2018 $9.85
Jan 20, 2018 $3.68 Jan 18, 2018 $3.68

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