Entrepreneur
Name
George
Member since
March 2017
On-time repayments
114 installments • 72%
About Me
This is George Muthoka born and raised in Kenya, East Africa. I am schooled to higher education level currently pursuing a master degree in project planning and management.
I have worked as a teacher in my early working career and as a social worker with various NGOs. Currently I do private businesses.
I am a family man with one wife and 4 Children.
My Business
I do various income generating activities
1. I am a consultant in management and capacity building field. Here I advertise my services and apply for consultation opportunities within and beyond Kenya
2. I do farming, I own land that I use to cultivate vegetables and keep livestock for the market.
3. I do supplies business in gypsum - a raw material used in production of cement, plaster powder, chalk, ceiling boards etc.
4. I am naturing a young business in construction as a contractor and property management.
I incur costs in material purchase, loading, transportation and legal fees. In average I make an income of kshs 200,000/= per month which I use for home supplies, education fees for my children and other disadvantaged children and support to my elderly parents as well as capital investments
Loan Proposal
With this support i will pay for gypsum from my supplier. A ton of gypsum is bought at KES 1,000 and transported at KES 1,200 thus a total of KES 2,200. A 30 ton truck of gypsum would cost KES 66,000. This Loan will therefore pay for slightly above a third of a truck.
Each ton make KES 400 at the factory thus making a total of KES 15,000. a third of which is KES 5,000.
Once ploughed back into the business this facility will help grow the capital base and consequently profit
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$247.00
Date disbursed
Nov 5, 2019
Repayment status
On Time
Projected term
4 weeks
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Summary
Amount repaid
$247.50
Amount remaining
$0.00
Date repaid
Dec 11, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Nov 15, 2019 | $61.87 | Dec 11, 2019 | $61.87 |
| Nov 22, 2019 | $61.87 | Dec 11, 2019 | $61.87 |
| Nov 29, 2019 | $61.87 | Dec 11, 2019 | $61.87 |
| Dec 6, 2019 | $61.87 | Dec 11, 2019 | $61.87 |
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