Block making venture

Alex

Plot 137 Stage 2 Mazabuka, Zambia

5% repaid

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.

Feedback

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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

Lenders

dlpringle

Denver, United States

Matt B

Stratford Upon Avon, United Kingdom

wissam

Jeddah, Saudi Arabia

roark22

Geneva, Switzerland

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$8.27

Amount remaining

$170.90

Expected completion

Sep 14, 2017

Status

Repaying late

Installment amount

$4.14

Repayment History

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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