Duncan
Nairobi, Kenya
100% repaid
Name
Duncan
Member since
September 2018
On-time repayments
23 installments • 61%
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.
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.
We concentrate on making supplies to secondary schools in Kenya. To be considered for tendering one has to participate in the tendering process through purchasing of tender documents from schools. These tenders are usually advertised in the local newspapers between the months of September and December.
This loan facility will be used in purchasing of 2019 tender documents.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$25.00
Date disbursed
Sep 26, 2018
Repayment status
On Time
Projected term
1 week
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