Kipngetich
Kericho, Kenya
100% repaid
Name
Kipngetich
Member since
October 2015
On-time repayments
31 installments • 81%
Am Bernard Langat from Kenya and am 36 years old and I do deal in raw power line poles and exporting to Uganda and treated power line poles .Am also exporting to uganda.
Am from humble background whereby you struggle to get and not being given on a sliverplate,my parents taught us especially me a hard work and to work so that you get.
I went to school with a lot of challenges,my primary school was 5 miles away from home and it was two meals per day because I couldn't be covering that 5 miles to come for lunch.my secondary schooling also was being marred by challenges of school fees also I managed to pass my primary class 8 successful despite the challenges and enrolled in secondary but also with a lot of challenges of school fees but I managed to clear through the able hand of God.After my o-level I proceeded to Uganda for my university and finished successfully.
After that I got a job and later quite due to poor conditions of work and join business which and greatly in but the big problem is capital also.
As am seeking this funds to help in pushing my capital.
I do deal in raw poles for power line transmission,it's a very profitable business.I do use some of the profit to pay for my resendental rent,my diploma course in accounts and sales and marketing,also my wife bachelors degree and my daughter's pre sc
hool.
Also part of the proceeds will use add stock and clear some permits as am crossing Uganda.
The loan am going to use in buying the raw poles to take to uganda and one pole is 30 dollars and to transport 80 poles per lorry is 10 dollars which is costing 800 dollars per trip to uganda,so this money will help me to in a way,the outcome profit is 50% and this profit will help me and my workers to educate our childrens and to put on the table the meals for our families.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$54.00
Date disbursed
Aug 24, 2017
Repayment status
On Time
Projected term
6 weeks
Other loans
Ask Kipngetich a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
BernadetteV Jun 14, 2017
Loading...