Capital for building materials

Francis

Nairobi, Kenya

57% repaid

Entrepreneur

Name

Francis

Member since

January 2017

On-time repayments

16 installments  •  50%

About Me

am francis njoroge a male Kenyan aged 47 years married and a father of two girls aged 18 and 15yrs am the second born in a family of 4 have 2brothers and one sister raised by a single mother a retired civil servant I stay with my family in Riruta satellite Nairobi in my own plot with all required documentation am a business man and landlord

My Business

my main Bussiness is supply of building materials and a landlord I earn from rental income the houses are semi permanent built with iron sheets I plan to upgrade to permanent in future when finances improve right now am educating my girls which is expensive my supply Bussiness is tough because I don't own a Lorry I hire other peoples but plan to buy mine in near future the amount I started with is small to do any meangful Bussiness so am content to build it slowly until it reaches my desired amount would appreciate if it was increased to JumpStart me but in meantime I will build my loan slowly my ambition is to get a loan of 2million ksh around 20000$ this will help me buy a Lorry and repay in two years that's my dream I plan to set up a yard and store building materials with this loan I will buy foodstuffs to start the week and repay end month then continue until I reach my desired loan Zidisha is good since I don't need collateral and no high interest rates I pay little and can adjust the schedule depending on how Bussiness is doing this will ensure I don't default when Bussiness is down this is good for me and other Bussiness people my goal is archivable thanks to kind people who are out to help us stabilize our small businesses Ni two years I will be on my way to achieving my goals

Loan Proposal

Boost my working capital and pay as time goes i will prove am trustworthy for high amounts in future my ultimate goal is to buy a lorry worth 1million its a long journey but worth every step am that determined

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$5.99

Date disbursed

Feb 12, 2017

Repayment status

Late

Projected term

4 weeks

Lenders

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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  • Joseph    Aug 23, 2017

    He promised to repay on calling him

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  • Francis    Mar 11, 2017

    The loan was used to buy food for my family i intend to build my loans until i buy a lorry to venture fully in transport industry

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  • Francis    Feb 27, 2017

    The loan helped me increase stock

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