Better future through recycling plastics

Kevin Ajala

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Kevin Ajala

Location

Kisumu, Kenya

On-time repayments

5 weekly installments  •  80%

About Me

My name is Kevin Ajala a Kenyan citizen by birth though still young, having undergone several rough hard times in my childhood life, results of continuous desire of diving into the business field drove me into it. Not a bad debtor as long as my concern is reviewed,an entrepreneur goal oriented and we'll disciplined in cases of money and financial matters and that's why my business is even steadily shooting up.

My Business

This is a locally derived business but internationally recognized as it also ensures maximized environmental conservation. This is an underated business but deep inside great profits lie at least risk taken. Starting from basic foundation,the business concerns plastic recycling into usable materials like household items where the used plastics are picked then brought to me in a local centre at utmost ten Kenyan shillings per kilogram but at the regional center one kilogram is taken at thirty shillings hence there is hundred and fifty percent profit when taken in bulks like four tonnes that can bring close to 200%.

Loan Proposal

The stock rate of my business has limited the growth hence there is need for strong base background support for the stability hence the funds are to help the business in expansion and prevent or avoid over dependence on the profits only for the potential expansion hence can stock much without necessarily selling off everything to get profit through the loan the business can increase in capacity hence not affected by the changing business currents that are ever in motion.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$20.79

Date disbursed

Aug 23, 2021

Repayment status

On Time

Projected term

2 weeks

Cost to entrepreneur

Service fee: $1.04

Lenders

JimVandegriff

Trinidad, California, United States

C

CMB

Germany

Lindsey

United States

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Payments Forward

Amount returned to the platform for this project

$31.18

Pay It Forward Projects funded by Kevin

$90 (4 Projects)

Projects funded by Kevin's Pay It Forward recipients

$1,102 (30 Projects)

Kevin paid it forward to: