I will buy a brick compressing machine to help me produce bricks using any kind of soil as opposed to current situation...
Cliff
Magombo, Kenya
$0 to go
100% funded of $150 goal
0
days left
Entrepreneur
Name
Cliff
Member since
January 2014
On-time repayments
5 installments • 0%
About Me
Hi to all of you, I was born in a family of six children, in a neighborhood affected with poor education, riddled with poverty and rampant crime, but despite this I managed to attain a college diploma in Mechanical Engineering from Railways Training Institute. Each single year, I have witnessed young boys and girls drop out of school due pregnancies or fees non payment. Such clearly draws you a picture of the area I come from. So, it’s not amusing to see young people aged as little as ten years engage in brick making activities as a means to sustain them. I have always been determined to organize things and promote the need for education, hence my idea to start a brick molding project where my mature workers can sustain themselves financially by being able to raise school fees for their children some of which I directly deposit to their children’s relevant schools. Each working day, I hire people to help mould the clay and buy raw materials to bake the raw bricks which I then sell to local dealers. I obtain the raw materials i.e clay, grass and wood from the local swamp where all operations are being run.
My Business
I find it useful to say that basically, I am engaged in selling bricks to the local community where over the last years I have witnessed an active transition from mud grass thatched houses to brick-walled ones. Despite the hurdles involved, there has always been a huge demand for bricks especially now that a considerable percentage of my buyers come from up town. The location of my site on the swamp is easily accessible by road hence I do not incur any labor charges that could be involved in transporting finished bricks to a more accessible site, this has been the very factor favoring my business. Notably, my site is on more fine clay unlike the lumpy type of clay which could lower brick quality. Throughout my venture, I have managed to gain the trust of my buyers through keeping on schedule and the right pricing of bricks at 10 shillings per piece and by offering discounts on all my sales. My costs incurred depend on the volume size of clay, bricks and firewood involved. For example it averagely costs around six thousand shillings to bake 1000 bricks over a period of 4-5 days. Each month I can averagely produce 4000 bricks which costs around 24000 shillings over 70% paid to labor costs. I intend to purchase a brick molding equipment for faster production and to cut down on the massive labor costs.
Loan Proposal
I find it useful to say that basically, I am engaged in selling bricks to the local community where over the last years I have witnessed an active transition from mud grass thatched houses to brick-walled ones. Despite the hurdles involved, there has always been a huge demand for bricks especially now that a considerable percentage of my buyers come from up town. This loan will help me acquire a brick compressing machine which will increase quantity and quality of bricks, which as a result my will increase profits.
From the profits i will be able to repay the loan.kindly assist
thanks in advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 3, 2014
Repayment status
Late
Projected term
5 weeks
Lenders
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