Need to Purchase a Potato-Peeling Machine

Humphrey

Kangemi, Kenya

100% repaid

Entrepreneur

Name

Humphrey

Member since

February 2015

On-time repayments

95 installments  •  64%

About Me

during my childhood , i used to sty with my mum in the kitchen . and that gave me an interest in cooking . some times i used to visit my uncle in Mumias town where he ran a restaurant . From there i developed an intrest in making snacks. when i came to Nairobi my fist employment was in a snacks manufacturing company but now a bit different , the snacks were of the indian origin which is abit improvised and durable. people in my country, especialy low income earners are used to [chapatis and mandazis] in the first place they never used to like my snacks as time went by they are getting used to my products thus giving me an advantage. when our company reduced employees due to what they termed as drastick fall in their business i was one of the people who received termination latters and i decided to start my own business .

My Business

I make and sale snacks like potato crisps, banana crisps roast\fry peanuts and other snacks of the Indian origin. the snacks i make are in demand to low income earners because they have been initialy sold in supermarkets and malls but turget is low incom earners . i chose this business because it is unique and typical cost is a round khs 8000 to buy the products and the revenue that comes out after sale is round ksh12000 the revenue earned is usually used in paing school fees for my son , house rent and reinvestment in growing the business

Loan Proposal

I have been peeling potatoes manually which has not been easy for me to make a biger stock for the next day sales with a potato peeler i will be able to make a stock for sale in three days. i also feel it will reduce my labor cost and increase production .i know that the money am a plying is not enough but it has been my plan for a long time so i have been saving towards it , so if i get the loan together with some savings i will buy that machine . a smaller size is saling at a prize of seventeen thousand kshs for now i have around nine thousand together with the loan i will have it for sure . i have been spending a lot of time on production other than focusing on sales . with this machine am going to double my sales which i am sure of . because i will spend a lot of time on sales .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$92.00

Date disbursed

Jun 15, 2016

Repayment status

On Time

Projected term

5 months

Lenders

Franmiguel

Perth, Australia

J

James

United States

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