Buy more cladding materials and liners

Ian Mweresa

Kaimosi, Kenya

9% repaid

Entrepreneur

Name

Ian Mweresa

Member since

October 2016

On-time repayments

157 installments  •  31%

About Me

I was born and brought up in kaimosi. I live and do my business in kaimosi. I had the privilege of schooling up to secondary school. I however could not proceed to college as my could not afford to pay for my college fees. I did not lose hope. I decided to engage myself as an apprentice at a friend's workshop where I learnt how to make cookstoves. My friend taught me for free.

My dream for the future is to expand the business. Through this I will be able to live a good life, marry and settle down and be able to fully support my family well from the business income. Am still single and hope to one day settle down. Am a very young man with a lot of ambition. Unlike other youths in Kenya today, I did not choose work. I do not anticipate to be employed neither am I looking forward to getting a white collar job.

My Business

I assemble improved cookstoves. I started this business in 2000. I decided to do this business because I could not get a job with my Form 4 certificate. The biggest challenge is how to handle competition from other artisans who make cheap and poor quality stoves.

My customers are retailers and individual customers. I plan to become the largest assembler of improved cookstoves in the whole of vihiga county.

Loan Proposal

I plan to buy more cladding materials and liners to assemble into complete stoves at a cost of $40. With increased stock I will earn more. With increased earnings, I will be able to plough back the profit into the business. I shall use the surplus to take care of my family. I will afford to give good education to my child and also fend for my family well.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$418.80

Date disbursed

Feb 24, 2017

Repayment status

Late

Projected term

34 months

Cost to entrepreneur

Service fee: $17.69

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