a winning formula

In 2000 Kingori Wathobio started InDepth Engineering, a borehole drilling business focused on providing Kenyans with clean, easily accessible water. The demand was great and in just six years he was able to grow a solid network of regular contacts and suppliers. Although he began his business using hired equipment, this became unreliable in the face of a growing workload and the hiring cost was negatively affecting his cash flow.

GroFin recognised that InDepth Engineering had the potential to make a consistent profit with the correct support and the opportunity to reduce their expenses. We provided the business with the finance to purchase two sets of drilling equipment and a support truck.

The local GroFin experts were aware that business expansion and increased profits must be coupled with a more formal business structure, so they assisted the team in applying good corporate governance to their business. The InDepth team now hold regular board meetings where strategic decisions are taken for the benefit of business.

The purchase of their own equipment removed the added expense of equipment hire, resulting in increased cash flow. Sales have increased over 1000% percent over three years and profitability has increased by over 200%.