About:
The company was started by the couple after losing their formal employments as government employees. They started by making metal boxes and distributing them to various towns in the country. The business has grown and has acquired five motor vehicles for transportation.
Objective:
With the loan they will buy more building materials to boost their production.
People, Profit & Planet:
The credit facility will enable them acquire more building bars to boost their productivity. This is necessitated by lack of enough cash as their suppliers require cash and the people they supply to pay them in post dated cheques making the lack enough cash to buy the materials.
| Sales revenue | 239160 | ||
| Total expenses | 231985 | ||
| Net income | 7175 | ||
| Requested funding | 5541 |
| Category | Data | Comments |
|---|---|---|
| Business Details | Geography - Country & Location | Kamukunji - Nairobi |
| Address | 7943 00200 Nairobi | |
| shadrack&sons@yahoo.com | ||
| Website | N/A | |
| Income previous year (please specify year and amount) | Net income 24549 Eur (For April, May & June 2008) | |
| Name of the business | Shadrack & Sons Company | |
| Social conditions | Number of employees | 13 |
| Number of females | 11 | |
| Total payroll (value in currency) | 7706 Euros per month (May 2008) | |
| Training of employees - please specify the number of employees and hours and discipline | N/A | |
| Access to Internet - please specify source (own, workplace, etc.) | Internet cafe | |
| Collateral & Security | Will the borrower provide collateral or security? | Yes |
| If yes, what will the collateral/security be? | Letter of guarantor from a friend | |
| Value of collateral/security relative to loan (%) | 100% | |
| Will the borrower agree to let the bank use loan funds to pay suppliers directly? | Yes (but difficult to implement) | |
| If yes, what share of the loan can the bank use to pay suppliers directly (%) | 100% |