Bicycle for transporting my soap products
Michael
Mtopanga, Kenya
27% repaid
Entrepreneur
Name
Michael
Member since
February 2015
On-time repayments
188 installments • 82%
About Me
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
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.
Loan Proposal
I will buy a bicycle for transporting my finished products as well as for ferrying the raw materials. This will make my work very convenient and fast since I will no longer rely on public transport which tends to be a bit slow and expensive.
This bicycle will cost around $200. I will use the remaining balance to buy some raw materials which I will use to make more soap and detergents. I feel this will be a big positive change in running my business and it will ease the way I run the business.
Kindly support my project.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$270.00
Date disbursed
Apr 20, 2017
Repayment status
Late
Projected term
59 months
Other loans
Lenders
United States
Sweden
Jake Gibson and Beverly Picardo
San Francisco, United States
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