Big storage tank and additional stock for my business

Daniel Machooka

Mochenwa, Kenya

69% repaid

Entrepreneur

Name

Daniel Machooka

Member since

August 2015

On-time repayments

263 installments  •  73%

About Me

My name is Daniel Machooka. I was raised in a Christian family of eight but, unfortunately, I lost my father at a tender age. My mum took up the responsibility. I grew up like other children. When I realized what my mum was going through, I decided to assist my mum with all my effort, to do some manual work to assist, and even buying school uniforms and small things. I went through primary level and secondary level schools. Due to lack of fees, I managed to get a certificate in plumbing and pipe fitting.
Due to what I went through, it made me focus far so that I live a great and better life. I have worked hard to change what we used to be all seen to be, lives do change.

My Business

Dear lenders, I thank you once more for the good work and support you're giving us, more so to my business up to now. You are great people. Thank you so much and may God bless you always.
From my previous loan I have managed to do a lot projects like adding electricals to my shop. I planted trees, bananas, which are doing so well.

Loan Proposal

As a matter of fact the business has grown and the result is that the demand is high than what I can deliver because the storage capacity is small and in terms of cash is not enough for me to purchase enough kerosene to satisfy the demand .my present capacity storage capacity caries 400litres which cannot last me for full one week,that's why I need this loan to purchase big tank which will accommodate more liters than the one am using right now.and in the other hand even at the petroleum station when you purchase is small quantity the price is higher than when you purchase more quantity.for this reason I would like to increase the quantity to 85% this will at least take me for two weeks and the storage I would like to increase it from 400litres to 1000litres from this reason it will minimize transportation cost,theft and save time. After this I know the profit will increase by double the one am getting which will enable me to repay my loan easier and on time and other bills and the remaining I add to my business and to my shamba at home.The way I will spend my loan;kerosene1000litres =$761.9
kerosene tank =$380.9
transport =$95.2
housing tank construction =$142.8
connection and service =$95.2
manpower assistance =66.7
total =$1542.7
I thank you in advance hoping and trusting that as Zidisha team you are going to assist me to reach my goal.

Show original English  

About Me

my name is Daniel Machooka who is was raised in a christian family of eight,but unfortunately I lost my father in tender age,my mum took the responsibility,I grew up like other children.when I realized what my mum was going through, I decided to assist my mum with all my effort,to do some manual work to assist even buying school uniform and small things.I went through primary level,secondary level. due to lack of fees I managed to get a certificate in Plumbing and pipe fitting.
Due to what I went through it made me to focus far,so that my I live a great and better life.I have worked hard to change what we used to be all seen to be,live do change.

My Business

`KEROSENE DEPOT
As additional to my previous loan of $990.4 of November 2017 I managed to purchase and install the kerosene pump as I stated from previous loan proposal .All went well no problem so far so good.as a matter of fact the customers are so happy because`the quantity is much more and quality is best what they trust,the demand has gone higher as you know even if the competition is there am much higher than them,its your effort which has taken me so far.From my last loan I managed to make around 50% almost equal to$490 which assisted me to clear my loan, bills in advances,and the remaining I added in my growing business. Am happy that the business is growing every day.

Loan Proposal

As a matter of fact the business has grown and the result is that the demand is high than what I can deliver because the storage capacity is small and in terms of cash is not enough for me to purchase enough kerosene to satisfy the demand .my present capacity storage capacity caries 400litres which cannot last me for full one week,that's why I need this loan to purchase big tank which will accommodate more liters than the one am using right now.and in the other hand even at the petroleum station when you purchase is small quantity the price is higher than when you purchase more quantity.for this reason I would like to increase the quantity to 85% this will at least take me for two weeks and the storage I would like to increase it from 400litres to 1000litres from this reason it will minimize transportation cost,theft and save time. After this I know the profit will increase by double the one am getting which will enable me to repay my loan easier and on time and other bills and the remaining I add to my business and to my shamba at home.The way I will spend my loan;kerosene1000litres =$761.9
kerosene tank =$380.9
transport =$95.2
housing tank construction =$142.8
connection and service =$95.2
manpower assistance =66.7
total =$1542.7
I thank you in advance hoping and trusting that as Zidisha team you are going to assist me to reach my goal.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,734.66

Date disbursed

Jul 5, 2018

Repayment status

Late

Projected term

38 months

Cost to entrepreneur

Service fee: $73.09

Credit risk payment: $219.27

Lenders

Cloudways

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Peksa

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Karijn

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MW

Matt Willis

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Mattie Shaw

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P

Peter

Bratislava, Slovakia

L

Lucy

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Seppo Ruohonen

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HCPSPIRIT

Helsinki, Finland

R

RMIM

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Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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