Loan to purchase inventory of environmentally friendly charcoal briquettes

Daniel

Magongo Kasarani, Kenya

26% repaid

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How it Works

Entrepreneur

Name

Daniel

Member since

February 2014

On-time repayments

274 installments • 14%

About Me

Am a Kenyan citizen, l was born, raised in Mombasa. Am second born in a family of 4 children and am the second born and only boy. where l live l have stayed for 5years,its a quite place hence l have decided to stay that long my education level is college education, l started supplies business, because l like been self employed, the earnings l will get from the loan l will boost my ability to supply more companies and big quantities because that the main challenge l have now.l do some supply to well known companies like farmers choice, which makes pork meat,sausages, etc, hence making people happy in terms of food, l also supply maize to NGO's which are contracted to supply it to hunger stricken
areas, hence l believe a play a big role in eradicating hunger to our beloved country. l promise to repay it so that l can qualify for bigger loans in the near future. And make myself financial stable to meet bigger orders.

My Business

My business is for supplying different type of commodities like maize, beans, fodder, copra cake, photocopy papers etc, l do supply to different companies which they do ask for bigger quantities which sometimes my financial capability lets me down, my clients likes my services because am efficient and my prices are competitive, the loan will make me add my supply capacity hence making more money and repay quickly, am normally paid 10 working days after delivery the goods. per order the least amount l can make as profit is 10 thousand shillings, l believe in starting small with the amount given as l grow big, and make my lenders happy.

Loan Proposal

Hallo lenders, am planing to use my loan to supply environmental friendly source of energy made from waste materials such as saw dust, charcoal dust, maize cobs, sugarcane waste etc. This charcoal burn for longer periods and are pocket friendly. Hence l know l will be conserving the environment and make the world a better place.