Name
Alex
Member since
November 2016
On-time repayments
44 installments • 5%
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 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.
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.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$179.00
Date disbursed
Nov 8, 2016
Repayment status
Late
Projected term
10 months
Amount repaid
$8.27
Amount remaining
$170.90
Expected completion
Sep 14, 2017
Status
Repaying late
Installment amount
$4.14
Expected Payments | Actual Payments | ||
---|---|---|---|
Nov 17, 2016 | $4.14 | Nov 14, 2016 | $4.14 |
Nov 24, 2016 | $4.14 | Dec 2, 2016 | $4.14 |
Dec 1, 2016 | $4.14 | ||
Dec 8, 2016 | $4.14 | ||
Dec 15, 2016 | $4.14 | ||
Dec 22, 2016 | $4.14 | ||
Dec 29, 2016 | $4.14 | ||
Jan 5, 2017 | $4.14 | ||
Jan 12, 2017 | $4.14 | ||
Jan 19, 2017 | $4.14 | ||
Jan 26, 2017 | $4.14 | ||
Feb 2, 2017 | $4.14 | ||
Feb 9, 2017 | $4.14 | ||
Feb 16, 2017 | $4.14 | ||
Feb 23, 2017 | $4.14 | ||
Mar 2, 2017 | $4.14 | ||
Mar 9, 2017 | $4.14 | ||
Mar 16, 2017 | $4.14 | ||
Mar 23, 2017 | $4.14 | ||
Mar 30, 2017 | $4.14 | ||
Apr 6, 2017 | $4.14 | ||
Apr 13, 2017 | $4.14 | ||
Apr 20, 2017 | $4.14 | ||
Apr 27, 2017 | $4.14 | ||
May 4, 2017 | $4.14 | ||
May 11, 2017 | $4.14 | ||
May 18, 2017 | $4.14 | ||
May 25, 2017 | $4.14 | ||
Jun 1, 2017 | $4.14 | ||
Jun 8, 2017 | $4.14 | ||
Jun 15, 2017 | $4.14 | ||
Jun 22, 2017 | $4.14 | ||
Jun 29, 2017 | $4.14 | ||
Jul 6, 2017 | $4.14 | ||
Jul 13, 2017 | $4.14 | ||
Jul 20, 2017 | $4.14 | ||
Jul 27, 2017 | $4.14 | ||
Aug 3, 2017 | $4.14 | ||
Aug 10, 2017 | $4.14 | ||
Aug 17, 2017 | $4.14 | ||
Aug 24, 2017 | $4.14 | ||
Aug 31, 2017 | $4.14 | ||
Sep 7, 2017 | $4.14 | ||
Sep 14, 2017 | $1.34 |
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