Garbage collection equipments and trash bags

Zadock

National Housing Estate, Kenya

100% repaid

Entrepreneur

Name

Zadock

Member since

May 2014

On-time repayments

150 installments  •  26%

About Me

Once I got a loan way back from this platform which helped me be somewhere and am glad to those who helped fund the project.

Iam zadock from a humble strong family. This world you can not achieve everything alone.

My Business

Am into bakery and pastry business with my wife. The business has potential to grow with the investments of right tools.
Am seeking this fund to purchase dough mixer of 6kg.
This will speed up the process from using hand which costs time.

Loan Proposal

When I get this second loan,it will help me improve on my garbage collection in the following ways;,buying of gumboots estimated at 60 dollars of 5 pairs, gloves at 24 dollars of 5 pairs, overalls at 60 dollars,trash bags at 60 dollars and marketing at 30 dollars from my own business savings. This loan will help my business to look more professional and increase more customer base and eventually employ another casual in later date. The business has a great potential to grow faster withing the area. With the mutual continuity of getting loan from you will help me in future to buy a charcoal bricket machine which the raw materials will be from the garbage we collect. Am hoping and praying i get this loan to help me succeed.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$195.00

Date disbursed

Sep 30, 2014

Repayment status

On Time

Projected term

31 months

Lenders

J

Jessica

Patagonia, Argentina

Namaste250

Pittsford, United States

T

tkromm

Agia Paraskevi, Greece

IM

Isak Maaseide

Tromso, Norway, Norway

calvero

Bergen, Norway

Hedwich

Gorssel, Netherlands

Sarasota

Sarasota, Fl, United States

KrautFunding

Hamburg, Germany

ThomasJosef

Berlin, Germany

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  • Zadock    Jul 1, 2023

    Thank you members for the funds. The funds will help me purchase the equipments for my business mostly buying the variety of baking tins and small equipments

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  • Zadock    Jul 1, 2023

    I purchased the little equipments I required and am glad the loan helped.

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  • Zadock    Jun 28, 2023

    Thanks for funding me. The funds will buy the little equipments required for the process of the business.

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  • Zadock    Jun 28, 2023

    I thank all the backers who helped me in succeeding my first business back in 2014 when I was a youth, it had a lot of challenges but that's business. The business still runs but I left for the youths in my area and am still part of them as their mentor.
    Now am married and venturing in baking business with my wife as my core partner. We are dedicated and we want to see the success of our partnership.

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  • Zadock    May 4, 2015

    my business is not doing quite well at the momment and need to reduce a little bit so that i dont get delays in paying back the loan. my projections will increase when my business settled well.

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  • Zadock    Dec 30, 2014

    Hi Ann, thanks for 2015 wishes, i wish you for the same.

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  • Zadock    Dec 30, 2014

    hi Kraut, i wont give up i will look for ways to enable my customers pay on time so that i can pay my bills.

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  • Namaste250    Dec 30, 2014

    Hi Zadock,
    Best wishes for a healthy, joyous and prosperous 2015, Ann

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  • KrautFunding    Dec 30, 2014

    Hi Zadock, don't give up if you see things developing into the right direction. What would help you most to improve your business situation?

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  • Zadock    Dec 24, 2014

    i have been facing lots of challenges in terms of collecting the revenue of my business and i have reached at a point that the little i get will cater for the loan repayment. The situation is letting me down but i must do everything to increase my percentage. The problem i lateness of receiving payments and service requires to continue and not leaving the garbage hanging around due to environmental issues.

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  • Zadock    Nov 15, 2014

    I would like to change due to the delay i receive in getting payments from my business. I get payments from my clients every end month but not all pay in time for the services rendered to them. Reducing a little bit will enable me to pay the amount on time to maintain the 100% after all is well i will be able to increase my payments.The investment has allowed me to look professional and its bringing few sales.

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  • Mogaka    Sep 29, 2014

    Am glad your loan is almost funded ... Hope mine will be funded too... Good luck!

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  • Zadock    Sep 28, 2014

    Hi KrautFunding,
    Yes we do have other support that will make my business grow from the public service, we have youth funds that have long process but am working on and also am trying and get free trainings that the public services usually offer to youths in ways to grow and succeed in business and they usually helpful.

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  • KrautFunding    Sep 28, 2014

    Hi Zadock,

    thx for your speedy reply. Such businesses are highly appreciated by many lenders I think and the new numbers you stated now look more realistic.

    What else would you need to reach the 400 customer target and grow faster? Do you see a chance to get money or other support from public services in your home town?

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  • Zadock    Sep 28, 2014

    Hi, krautfunding, i managed to get 30 more customers during my first loan and that amounts to 130 because i was able to convince the customers to accept our services and stop polluting the environment. By 2016 will be able to reach the 900 mark of customers since most of them are using their back yards as dumping sites which is not right in polluting the environment. break-even point will be reached after getting a 400 customer base, yes i will be able to repay within the 6 months period. Thank you for asking.

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  • KrautFunding    Sep 28, 2014

    Hi Zadock, I think this is a pretty good project, but it sounds risky that's why many lenders will be sceptic I think.

    Can you focus on the numbers a bit more? In your first loan you already spoke of 100 customers and the target of 900 at the end of 2014. Where are you now? What happens if you don't reach that? Which number allows a break-even, so when do you start to really generate profits? Are you sure you can repay in six months if you fight against negative results until then?

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  • Zadock    Aug 13, 2014

    The loan has helped me increase sales through the service i offer. Thanks a lot for the loan.

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