Evans
Nairobi, Saika/omega, Kenya
100% repaid
Name
Evans
Member since
March 2014
On-time repayments
255 installments • 25%
I am Evans Mose, Married and have 2 sons. I live Nairobi Saika - Omega along Kangundo road.
I am born again Christian with strong regular standing and member of Njiru FGCK.
I manufacturer Briquettes and Briquette Making Machines.
I intend to increase my production so that demand for Briquettes use in Nairobi residents increase and so cut costs of fuel usage in households hence save for other uses.
My Mission is to promote sustainable human development and preserve our environment through the integration of technology innovation and management.
My business is about Briquette making and Briquette making machines. This is a business that has potential to grow given the high costs of procuring fuel for low income earners in Nairobi residents.
I receive overwhelming demand from Briquette users each day but capacity to produce is limited.
Our briquettes are cheap and smokeless, burn for long hours, they are carbon free. More often those who have used them before come for more. They cut costs of purchasing paraffin that most people use for cooking and also discourage use of Charcoal from wood that often cost our environment in terms of deforestation and as well have alot of carbon in them.
With briquettes, you no longer need to use wood as fuel.
Our biomass briquettes are currently being used by families and communities in over 5 Estates in Nairobi and we intend to make them available in major supermarkets, nationwide. In other places, our briquettes are sold in the open market as a less expensive alternative to fuelwood. Briquette projects provide employment , especially to women, while saving the environment
The loan will be used to hire 3 people to assist in Briquette making for 5 days. This will enable me meet the demand of current customers in Eastlands Nairobi. I have all along created a royal base of customers the the new emerging need urgent special attention too. Therefore your financial support will do as below:
PRODUCTION EXPENSES:
1 person = 1,000 Briquettes/day x 5 days = 5,000 Briquettes x 3 = 15,000 Briquettes.
1 person @300KES per day x 5 days = 1,500KES x 3 = 4,500KES
SALES:
2kg = 30KES
2kg = 30 Briquettes
750kg = 15,000 Briquettes.
500kg x 30KES = 15,000KES
PROFITS:
15,000KES - 4,247KES (loan repayment) = 10,753KES
10,753KES - 2,000KES (Transportation to customers) = 8,753KES.
LENDERS INVEST YOUR MONEY BASED ON THE ABOVE SIMPLE CALCULATION AND GET YOUR RETURNS WITHIN SHORTEST TIME POSSIBLE.
USE OF BRIQUETTES AS CHEAP SOURCE OF FUEL ALTERNATIVE TO PARAFFIN FOR COOKING IS TAKING MOMENTUM AND DEMAND INCREASES EACH DAY.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Mar 11, 2014
Repayment status
On Time
Projected term
5 weeks
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