Building and construction materials/product

Samwel Nyangi

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Samwel Nyangi

Member since

July 2016

On-time repayments

234 installments  •  75%

About Me

I am Mr. Samwel Nyangi. I am a building technician by profession and my main professional duties include supervision of buildings on construction sites.
I hail from Rongo Village, Homa Bay County in Nyanza region of Kenya. The main economic activity in Rongo is fishing at Lake Victoria. Lake Victoria is the second largest freshwater lake in the world, hence a main tourist attraction in Kenya. Other tourist attraction sites in my area include Ruma National Park bordering Lake Victoria. The Luo community is well known for a rich cultural heritage not limited to traditional songs, dances, dressing,rituals, etc. Nyanza region hence poses as a strong attraction destination for tourists.

My Business

I identified a gap in the building and construction sector especially in the supply of building materials and inputs. Hence, I got into the business of making and supplying man made bricks which are more cost effective and affordable compared to other bricks naturally mined and supplied by big firms. My business targets middle and low income earners who can hardly afford to buy bricks from big firms. My business offers customized solutions to the customers.

My business has a cash flow of $1500 per month with the major revenue coming from sales of man made bricks and supply of labour. I plan to repay the loan using proceeds from my business.

Loan Proposal

This will enable me to do more products more so interlocking bricks which is in high demand In this region,i will be able to buy the manual molding boxes , which will increase my production per day as well this will also increase my profit 10%

Show original English  

About Me

I am Mr Samwel Nyangi , am a building technician by profession and my main professional duties include supervision of buildings on construction sites.
I hail Rongo village homa bay county in nyanza region of Kenya,The main economic activities in Rongo is fishing at Lake vistoria,Lake victoria is the second largest fresh water lake in the world hence a main tourist attaction in kenya.Other tourist attaction site in my area include ruma national park bordering lake victoria.,I Luo community well for a rich cultural heritage not limited traditional songs,dances,dressing,rituals etc.Nyanza region hence pose as a strong attraction destination for tourists

My Business

I identified a gap in building and construction sector especially in supply of building materials and inputs,hence i got into the business of making and supplying man made bricks which more cost effective and affordable compared to other bricks naturally mined and supplied by big firms.
My business targets middle and low income earners who can hardly afford to buy bricks from big firms ,My business offers customized solutions to the customers.
My business has a cash flow of $ 1500 per month with the major revenue coming from sales of man made bricks and supply of labour.
My main aim for requesting for the loan is help me replenish my inventory,I plan to repay the loan using proceeds from my business

Loan Proposal

This will enable me to do more products more so interlocking bricks which is in high demand In this region,i will be able to buy the manual molding boxes , which will increase my production per day as well this will also increase my profit 10%

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$222.01

Date disbursed

Sep 22, 2016

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $9.14

Lenders

investor

Candiac, Canada

R

Rotterdammer

Rotterdam, Netherlands

Zidisha

Sterling, United States

J

Jessica

Patagonia, Argentina

H

hilde

seattle, United States

P

Prysdahl

Marshall, United States

M

mtaylor

Houston, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

Robert D

Houston, United States

H

Habroukema

Austin, United States

lizandsteve

guelph, Canada

Matching Fund

Sterling, United States

C

ColoradoEmac

United States

Paul Buchheit

Mountain View, United States

T

theleengwist

United States

K

KarinV

United States

Per Dahl

Norrköping, Sweden

UN

Uwe Neumann

Frankfurt Germany, Denmark

Mark

Nijmegen, Netherlands

Lukas Petereit

Frankfurt, Germany

PG

Paul Graham

United States

Taylor

Memphis, United States

DM

Dimitri Malarme

Brussels, Belgium, Belgium

EthicalHost

Toronto, Canada

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Nikola Novak

Toronto, Canada, Canada

R

Robert

Netherlands

A

Anonymous

United States

EC

Edward Conrads

San Francisco, United States

Menno

Adelaide, Australia

C

Corrie

United States

TB

Tim Barrett

United States

R

Rolf

Rotterdam, Netherlands

KK

Kurt Kellner

United States

M

Mack

Harbor, Oregon, United States

TP

Tirzah Prince

United States

Brent Gillespie

Little Rock, United States

Debbie Merritt

Zebulon, North Carolina, United States

John Sercel

Florence, United States

KR

Kathryn Roach

United States

IR

Iza Rudnicka

United Kingdom

PJ

Philip John

United States

E

eleni

United Kingdom

Philipp Lehmann

Zurich, Switzerland

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