Transportation of timber

Duncan

Nairobi, Kenya

Funds disbursed

$0 to go

100% funded of $124 goal

0

days left

Entrepreneur

Name

Duncan

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

The loan facility will be used in hiring a truck to transport timber to the market. This will help in meeting delivery timelines.

Income Source

The money to repay the loan will be generated from the sales made after I deliver. Generally in the timber business, the major risk is an accident when felling trees and also weather patterns as no milling is done during rainy seasons. I try and fully utilize the dry periods to ensure that I have enough timber to last during the rainy season. As for the accident, I take an insurance cover to indemnify in case of any accidents.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$124.00

Date disbursed

Mar 30, 2021

Repayment status

Late

Projected term

2 weeks

Lenders

lizandsteve

guelph, Canada

B

bwitt

Berkeley, United States

SuperMario28

Cudahy, United States

The Zinc Team

San Francisco, United States

A

As

United States

SF

Snow Family

United States

A

Anonymous

United States

A

Anonymous

Netherlands

SH

Shawn H

United States

Ask Duncan a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$0.00

Amount remaining

$124.25

Expected completion

Apr 19, 2021

Status

Repaying late

Installment amount

$62.13

Repayment History

Expected Payments Actual Payments
Apr 12, 2021 $62.13
Apr 19, 2021 $62.13

Loading...