Entrepreneur
Name
Alex
Member since
November 2016
On-time repayments
44 installments • 5%
About Me
AM A ZAMBIAN AGED 34,AND I COMPLETED O LEVELS IN THE YEAR 2000 AT THE MOMENT I HAVE A PLANT FOR BLOCK MAKING PARTNERED WITH A FRIEND TO ACQUIRE A BLOCK MACHINE FROM CHINA. BESIDES THAT AM A PASTOR OF A CONGREGATION AND APART FROM THAT I RUN A BUILDING MAINTENANCE COMPANY CALLED BOBMAN VENTURE S WHICH STARTED BUSINESS IN 2012.
I OVERCOME MY HARDSHIP BY FIRST WORKING O VOLUNTEER BASES WITH A CONSTRUCTION COMPANY BETWEEN 2009 AND 2011 THEREBY GETTING THE EXPERIENCE I NEEDED FOR CONSTRUCTION BUSINESS.
I BEGAN MY BUSINESS FROM PROFITS IN BUILDING MAINTENANCE.
ZAMBIA IS A BIG CONSTRUCTION SITE THEREFORE OUR BUSINESS IS VIABLE.
MY CHILDREN WANT TO BE CIVIL ENGINEERS WHEN THEY GROW UP.
GARDENING IS MY PASTIME HOBBY
My Business
MY BUSINEES IS BLOCK MAKING OF 4 INCH,5INCH AND 6INCH.
BLOCKS ARE IN DEMAND BECAUSE EVERYONE IS BUILDING NOWADAYS
IN THIS BUSINESS CASH FLOW IS PREDICTABLE.
TYPICAL COSTS ARE QUARRY DUST,CEMENT,WATER,LABOUR AND ELECTRICITY.
THE PROFITS ARE USED FOR FAMILY SUSTENANCE AND REINVESTING IN OTHER EQUITABLE VENTURES LIKE BUYING MACHINERY.
Loan Proposal
I WISH TO INCREASE THE CAPACITY OF BLOCK MADE PER DAY BY INCREASING THE NUMBER OF BAGS OF CEMENT FROM 10 BAGS PER DAY TO 18 BAGS PER DAY AND FROM 5TONNES PER DAY OF QUARRY DUST TO 10TONNES.
I BAG OF CEMENT =4.54$ THEREFORE 8 BAGS 8 MUILTIPLY BY 4.54 IS EQUAL TO 36.36 $ EQUAL TO 399 ZMK
THEN I TONNE OF QUARRY DUST IS 21.66$ THEN MULTIPLY BY 5 IS EQUAL TO 108$ DOLLARS EQUAVALENT TO 1191 ZMW.
THIS WILL INCREASE MY PROFIT MARK UP AND MEET CUSTOMER DEMANDS.
EACH BAG OF CEMENT PRODUCES 36 BLOCKS SO MULTIPLY BY 8 IS 288 BLOCKS AND EACH BLOCK IS 4.5ZMW THEREFORE THEINCREASE OF PRODUCTION MATERIAL INCREASES THE PRODUCT UNITS WHICH CORRELATE INTO INCREASED PROFITS.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$179.00
Date disbursed
Nov 8, 2016
Repayment status
Late
Projected term
10 months
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