Name
Michael
Member since
February 2015
On-time repayments
188 installments • 82%
My name is Michael Mutiso, born in Makueni county of Kenya – 35 years ago. I was born in a farming community in an area which is semi arid with an acute shortage of water. I was raised up in this rural area far away from modern civilizations. I led that simple life until I finished my secondary education and relocated to Mombasa where I began my second phase of my life.
Once in Mombasa, I enrolled in a college where I did course in sales and marketing. This course took two years to complete. I got a job shortly afterwards with local companies where I worked as a salesman and this I did for five years.
I decided to quit after the five year stint and started my own business of making soaps and detergents.
I am a family man with a wife and two children – aged 4 and 7 years.
My business deals with manufacturing soaps and detergents using simple equipment. I use raw materials such as glycerine, hydrochloric acid, industrial salt etc. I mix them using buckets and stirring stick and then package them into quantities ranging from 1 liters to 20 liters.
My main clients are shops (to retail), restaurants, hospitals and people in residential areas. They prefer my products because they are cheaper and more effective than those made by big companies. I manage to keep the price low due to low production cost and use of simple techniques. I normally package the finished products using recycled containers further reducing the cost.
I make a net profit of about $250 per month which I use for family’s sustenance.
My soap making business is doing well. I have managed to penetrate areas that I had not reached before and I hope to maintain this momentum.
I will use this money to buy more raw materials namely hydrochloric acid, glycerol, industrial salt and perfume. This are the main material that I use to make the soap and detergents.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$182.00
Date disbursed
Feb 25, 2016
Repayment status
On Time
Projected term
23 months
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