Transportation of timber

Duncan Macharia

Nairobi, Kenya

100% repaid



Duncan Macharia

Member since

September 2018

On-time repayments

23 installments  •  61%

About Me

I am 43 years old business graduate, married, and a father of two children. Before I ventured into business 10 years ago, I was employed as a management accountant where I worked for 13 years.

I decided to venture into business full time to pursue my long-time hobby in order to improve my standard of living and also create employment opportunities for young people.

My Business

I have been operating the timber business, for the last ten years. Initially, I took it as a hobby which I was only engaging on weekends only.

Five years ago, I decided to resign from my employment and concentrate on the business full time. I have since expanded and acquired milling machines in order to reduce costs and also be able to offer market competitive prices.

I have engaged 10 people on a full-time basis and 7 on a casual basis.

Loan Proposal

Dear Leanders,

The loan I am applying for will be wholly utilized in meeting the cost of the motor vehicle hire. I plan to hire a ten-tonne truck to transport my milled timber to one of my customers a Mr. Wachira who is a construction engineer. He has placed an order of blue gum timber frames size 2x2 and 3x2 all totaling to KES 150,000.00. He has already paid a deposit of 50,000.00 and we agreed that the balance will be settled once the delivery is made.

I finished milling the timber yesterday 07/02/2021 and I am planning to deliver on 09/02/2021. The loan I am applying for will be utilized in meeting the transportation costs.

Please advance.

Income Source

I have already signed an agreement that once I deliver the goods, the payment will be promptly paid. In addition, I have taken goods on transit insurance cover to mitigate against losses that may be occasioned by accident, theft, and fire.





Loan Info

Project Type

Classic Loan

Disbursed amount


Date disbursed

Feb 10, 2021

Repayment status

On Time

Projected term

2 weeks



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Kirk Moore

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Chris Cione

United States



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