Daniel
Magongo Kasarani, Kenya
100% repaid
Name
Daniel
Member since
February 2014
On-time repayments
274 installments • 14%
Am a Kenyan citizen, l was born, raised in Mombasa. Am second born in a family of 4 children and am the second born and only boy. where l live l have stayed for 5years,its a quite place hence l have decided to stay that long my education level is college education, l started supplies business, because l like been self employed, the earnings l will get from the loan l will boost my ability to supply more companies and big quantities because that the main challenge l have now.l do some supply to well known companies like farmers choice, which makes pork meat,sausages, etc, hence making people happy in terms of food, l also supply maize to NGO's which are contracted to supply it to hunger stricken
areas, hence l believe a play a big role in eradicating hunger to our beloved country. l promise to repay it so that l can qualify for bigger loans in the near future. And make myself financial stable to meet bigger orders.
My business is for supplying different type of commodities like maize, beans, fodder, copra cake, photocopy papers etc, l do supply to different companies which they do ask for bigger quantities which sometimes my financial capability lets me down, my clients likes my services because am efficient and my prices are competitive, the loan will make me add my supply capacity hence making more money and repay quickly, am normally paid 10 working days after delivery the goods. per order the least amount l can make as profit is 10 thousand shillings, l believe in starting small with the amount given as l grow big, and make my lenders happy.
Hope all of you are well my lenders, my plan is to buy a briquette making machine, of which l will be manufacturing the charcoals which, l will be selling to the local community as the charcoal burns for long hours, friendly to the environment and cheap price. The machine costs 15,000kshs and it can produce 10bags a day each bag weighing 50kgs and selling a kg at 20kshs. As l proceed my target is a bigger machine able to produce 2tonnes a day.
Materials l will use are maize cobs, maize stocks, sawdust, sands, cassava peelings etc.
Please help me to achieve my dreams.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$174.00
Date disbursed
Feb 19, 2015
Repayment status
On Time
Projected term
11 months
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