Name
John
Member since
April 2012
On-time repayments
288 installments • 8%
I am 56 years of age living in Rongai town which is in Nakuru county in Rift Valley province. I joined my first school in 1968 and sat for my primary education certificate in 1974. I continued with the secondary level from 1975 – 1978. After the school I joined the other Kenyans finding job to be employed but only casual laboure until when I decided to be trained in order to help farmers in pountry area where I do vaccinate their birds.Currently I have switched to a new business of bricks works.
I am married with 7 children, 2girls and 5boys and do live in Rongai town.
I have experienced that the poultry business incomes does not sustain me to service a given loan.Am practicing a new,unique and innovative business of making bricks with soil.I started by building my brick house and community wants such bricks,but I cant coup with demand when hand made bricks.I need a manual improved interlocking bricks machine. I visited an engineer in Nairobi and agreed he would make one for me at ksh 65,000($747)if I make interlocking bricks,buyers will cut of cement cost by about 79%!Demand will rise.That will only be met with the machine.Already there are several customers who have declared interest in buying bricks.
I will use the loan to purchase an electric chick incubator so that I can sell improved indigenous poultry chick breed to marginalized people especially women and handicapped groups at a reasonable affordable price to mitigate their social economic impact whilst i make business profit.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$556.00
Date disbursed
Jun 7, 2012
Repayment status
On Time
Projected term
19 months
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