Buy raw materials for making cookstoves
Daniel
Nakuru Town, Kaloleni Estate, Kenya
$0 to go
100% funded of $50 goal
0
days left
Entrepreneur
Name
Daniel
Member since
January 2015
On-time repayments
25 installments • 0%
About Me
I am Daniel Okweso, 26years old and a graduate of Kisii University with Bachelors in Business Administration.Currently I`m pursuing Certified Public Accountancy Sec 4 at Mwangaza Collage of Accountancy in Nakuru County.I come from a family of 3 sisters. My parents are creative people and both are alive staying healthy.
I like watching ball games and listening to music.
I am a christian and do attend amazing life fellowships in church.Life is all about challenges and I always stand firm to challenge them.
I come from a tribe whereby our stable food is fish and we can eat fish in the morning breakfast, lunch and super without getting bored, Hahahaha. It now acts as a tourist attraction in Kenya.
My Business
I do sell Jikos linear or bricks which I do purchase from Kisumu, city far away 200km.
I started my business with a cost of $500 which I raised through savings, parents, relatives and friends.
I sell these bricks and get back my capital plus profit and recover expenses too.
My business is located in a center in Nakuru known as Bama Market next to Bondeni Police Station.
I chose this kind of business because I realized that majority residing in town use Jikos to boil food because charcoal is cheap and readily available than paraffin. The product I sell is used in making the Jikos hence sound like basic to those in town.
My monthly costs and bills are averagely $120 with revenue of averagely $170. This leaves me with a profit of averagely $50.
I do re invest my profits and some I use in research and innovations to capture technology ahead of others.
Loan Proposal
When I get this loan, I will use it to buy raw materials for making cooking jikos which are common source of energy in Nakuru County in Kenya.
My monthly costs and bills are averagely $120 with revenue of averagely $170. This leaves me with a profit of averagely $50.
Major benefit is that my business will be able to accommodate more orders from partners and this will benefit the economy. So many people can be employed in different fields of our partners.Hence, healthy for the economy.
I look forward to see my profit increase by 10% in first 3 months.
Kindly support.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 26, 2015
Repayment status
Late
Projected term
5 months
Lenders
Republic of Korea
United Kingdom
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