Entrepreneur
Name
Anthony
Member since
January 2015
On-time repayments
46 installments • 61%
About Me
My names are Anthony njoroge kinyua,born and grew in Nakuru town.I am 34years of age.i attended Menengai Primary and High School.I joined JKUAT for Diploma in IT and later on i furthered to Barchelor of Science in the same institution.
Through much support from my mother who is a single parent i have been able to complete studies and acquire much enterpreneurship skills.The already running business was passed to us,me and my mother by my late dad in 1995.Where i live,there is a relative high demand for middle class housng in our town.Thus, i have engaged myself to Constructing residential houses for middle class society. My unique hobby is housing and farming.In addition to this I have developed an interest in carwash business.
My Business
With the increase in number of cars in the town,there is growing need for car cleaning service....the activity which require minimal capital is small business which does not require much in terms of labour and assets. The main product here is a clean car, sparkling as new. Given the nature of our roads and current weather conditions, dry and dusty, Most vehicles get dusty and dirty thereby creating the need for car cleaning service.
My decision to start the service is based on the low running cost and the high demand which combined Brings in some good profit
It will cost me $40 per week to hire a washing machine, $10 per week to buy 1500 liters of water while $1.6 will be used to buy soaps and cleaning clothes. All this will service approximately 10 vehicles per day at a service charge of $2dollar per car,which translates to $140 per week.
I intend to raise more capital and purchase a car washing machine for the business.
Loan Proposal
I do intend to lease or hire a car washing machine at a weekly cost of $4 and buy water , 1500 litres at a cost of $10 every week. The rest will be used to buy other washing materials like soap, detergents, washing clothes and car air freshners.
This business idea,if implemented will create job opportunity to two youth members in the area. it will also bring in more revenue to me and I will be able to repay the loan.
Upon starting I will earn $2 per car,which translates to $20 per day on 10 vehicles washed. On weekly basis, $140 will be earned to reflect total earnings. The Expenses would be $0.5 per vehicle washed, this will be used to pay each youth doing the washing....
The amount paid back to Zidisha loan will be $5 on weekly schedule, $35 paid to the youth, $1.6 for other materials and remaining saved for expansion of the business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$67.00
Date disbursed
Oct 21, 2017
Repayment status
Late
Projected term
5 weeks
Lenders
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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