Years in Operation: 12 years
Amount Needed: $2,500
John Gatimo is an entrepreneur in Kinangop, a small town which is 20 miles from Naivasha town. He has been running the business for the past 12 years which has enabled him to educate his children upto high school level. His wife is a teacher at a local primary school in Kinangop. John sells all sorts of hardware materials and he serves quite a huge population in that region.
Operating a hardware requires a good capital base since most of the equipments are very expensive. This poses a great barrier of entry to many entrepreneurs who would like to venture in this business. Those ones already in business are unable to quickly scale up their business because of the huge capital outlay required.John requires a loan of $2,500 in order to grow his business. With the loan, John will be able to stock more hardware materials in his shop and meet his customer demands. We project that his business can grow at a trajectory of 20% in the first eight months since hardware items have good profit margins.
John’s future plan is to buy a lorry that will enable him purchase equipments directly from the supplier. This will eliminate the middlemen hence he’ll have good margins.