Producing bricks for construction of classrooms

Samwel Nyangi

Nairobi, Kenya

13% repaid

Entrepreneur

Name

Samwel Nyangi

Location

Nairobi, Kenya

On-time repayments

234 weekly 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

the new loan will enable me to purchase additional raw materials for the production due to new orders that we have received form government leaning institutions. this will enable us benefits abetter pay to my staff/ laborers based on the previous performance that has made getting to the level I am at the moment. current am expecting 70%increas towards my frofit compared to prviouse loan.

Income Source

due to the on going out break, I will be working on the new order which was placed by private leaning institution for the college renovations and additional class rooms and workshops of 15,000 pcs of blocks required,
precaution has been taken into considerations, I have 4 laborers who always stays withing the yard and all the preventive requirements by world health organization we have put in place.
trasporteting of raw materials is alowed by the goverment outhority under permit.

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

the new loan will enable me to purchase additional raw materials for the production due to new orders that we have received form government leaning institutions. this will enable us benefits abetter pay to my staff/ laborers based on the previous performance that has made getting to the level I am at the moment. current am expecting 70%increas towards my frofit compared to prviouse loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$935.81

Date disbursed

Apr 17, 2020

Repayment status

Late

Projected term

14 months

Cost to entrepreneur

Service fee: $84.13

Credit risk payment: $126.20

Lenders

A

Anninymouse

Southampton, United Kingdom

investor

Candiac, Canada

BelleStarr

Albuquerque, United States

lietu

Tallinn, Estonia

Rocketdrive

Eugene, Oregon, United States

MarktheMormon

Sandy, Utah, United States

L

ldron7

Utah, United States

J

jjcharlie

chicago, United States

MindMuse

Talking Rock, United States

S

SelvaMarcus

Green Cove Springs, United States

J

jared4

parowan, United States

G

graememoss

Amsterdam, Netherlands

Cloudways

Malta, Malta

P

Piotr

London, United Kingdom

K

Kevincleary

Omaha, United States

M

mastodons

Chicago, United States

A

Atlantia

Brisbane, Australia

southcentral

Zürich, Switzerland

J

jwharding

Hamburg, Germany

camilberlin

Berlin, Germany

M

Moonknight

Østre Gausdal, Norway

A

AndrewC

London, United Kingdom

gseletko

South Perth, Australia

N

NickLuder

London, United Kingdom

M

MartinC

Weston-super-Mare, United Kingdom

xtrahardware

Cazenovia, United States

mikeice

Kohler, United States

Z

zvrk2014

Brookline, MA, United States

J

jmwinga

Denver, United States

B

bscent

Hong Kong

belvi

Hoogeveen, Netherlands

D

Desteli

United States

I

idris

United States

Mike and Jacqui

United Kingdom

S

Sven

Netherlands

Jerome

Switzerland

MW

Matt Willis

United States

H

Hakon

Drammen, Norway

Kevin

San Francisco, United States

EB

Erica Brescia

United States

F

Florian

Munich, Germany

Isabella

UK, United Kingdom

AH

ajay hampapur

United States

Aran Dunlop

United States

DL

Dan Lawrence

United States

Paul Smithson

Leeds, United Kingdom

MC

United States

I

isaac

United Kingdom

RC

Rudi Chen

United States

Dan Brinkman

Lynden, WA, United States

E

EABF

Netherlands

J Laufs

Germany

JA

Jan Andresen

Hamburg, Germany

LZ

Li Zhang

United Kingdom

Sinan Taifour

Munich, Germany, Germany

L

Laura

San Francisco, United States

SA

Shar Alamdari

Los Angeles, United States

RE

Richard Ellis

United Kingdom

Ren

Minneapolis/StPaul, United States

L

Lucy

Australia

J

jennie

Guatemala

Benjamin Kniaz

Boston, United States

WS

Warren Shen

United States

Day Family

Melbourne, Australia

Vratik Krocik

Prague, Czech Republic

VC

Victor Chong

United States

JZ

Julia Zaks

United States

Ellen

Michigan, United States

E

Ejvin

United States

Mary Norton

Byron Bay, Australia

Ken

Mequon, WI, United States

M

Mark

Toulouse, France, France

L

Lastoni

United States

B

Bart

Netherlands

D

Dalton

San Francisco, United States

CJ

Chris Jones

Seattle, United States

C

Campbell

New Zealand

DW

David Westmoreland

Colorado Springs, Colorado, United States

Melissa K

Portland, Oregon, United States

Dean Suminski

Portland, Oregon, United States

The Weltys

Averill Park, NY, United States

Diane U

Olympia, Wa, Usa, United States

Jean Wren Chan

United States

S

Southbanker

Reading, United Kingdom

CM

Colin Marks

United Kingdom

Adam Fraser

Cambridge, United Kingdom

JH

Joseph Hwang

Houston, United States

petter

Finland

Nick Studenski

Minneapolis, United States

R

Roman

Slovakia

DD

Dixie Davis

Kyle, United States

MN

Mathieu Nauraye

United Kingdom

Sayuri

United Kingdom

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