Building a home for myself, my wife & two minor children
Paul
Kasarani, Nairobi, Kenya, Kenya
100% paid forward
Entrepreneur
Name
Paul
Member since
August 2014
On-time repayments
379 installments • 88%
About Me
I am a 37 years old, married with two children. Professionally i am a Realtor and proprietor at Scopah Enterprises Limited. I was born and raised by struggling parents but they gave all their efforts to ensure that me and everyone in the family could enjoy the basic needs and education. I studied up to high school level for my parents could not afford to get me passed that but I did not give up. I found my way to Nairobi through a friend who housed me for several months before introducing me to this grate man, the late Gordon Nyabande, who taught me through the essentials of Real Estate and gave me a chance of working under him in his firm. During this period he saw my interest in this field and encouraged me to start classes. I am now a proud Diploma holder in Real Estate but my boss and the person who introduced me in this field did not live long enough to see how far I could go, he sadly passed on in September 2015 through cancer. Now, with over 15 years experience in Real estate market, i have decided that am ready to venture in this market and I have had progressive meetings with a friend in the same field and are in the final stages of registering our own company. My friend and partner to be has over 20 years experience in the field and our aim is to combine our efforts in developing our young firm with a target to becoming one of the leading real estate firms in Kenya by the next 10 years. I am a big fan of business documentaries and also a soccer lover. Besides I love exercising and reading news papers and magazines. It has been a long journey so far but am not giving up till I see myself up there with the best entrepreneurs!
My Business
Scopah Enterprises is my business that has been in operation for about 10 years now. In this business i deal with the fast moving consumer goods. I chose this kind of business after conducting a feasibility study over a period of six months which led me to concluding that this are basic goods and people will need them in their homes day in day out. The business initially generated monthly profit of about $500 but your first loan saw my profit go up by 8%. Your second funding of my project enable my profits grow with another 12% and your third lending grew my profit with about 16%. I am currently enjoying monthly profits of about $10,000 of which I spend $136 for rent, $150 I pay myself a salary, $140 I pay my wife who runs the business, $60 takes care of utility bills, $150 goes for savings and the rest goes for reinvestment in growing the business. During this period we have been in operation we have seen tremendous growth most which is all because of your funding.
Project Proposal
My residential house is slowly but almost ready. Your last loan enable me to buy roofing materials and i was enable to raise funds from other sources and did plastering as well as install some internal fittings.
I need this loan to enable me buy floor tiles and also pay for the labour to get them fixed. My intention is to complete the house soonest possible so as we can do away with paying rent which is consuming most of the family income. After moving into the house the amount we have been paying as rent will be released to grow the family business which will intern generate more income to the family helping us plan for a family vacation at least once or twice in a year.
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Project Info
Project Type
Pay It Forward
Disbursed amount
$494.00
Date disbursed
May 13, 2022
Other projects
Backers
United States
United States
United States
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