Inventory of waste plastics for my business

Evans

Kangundo, Kenya

100% repaid

Entrepreneur

Name

Evans

Member since

January 2015

On-time repayments

253 installments  •  3%

About Me

I was born in Nairobi city to a single mother. Interestingly my mum was a street girl who ran to the streets of Nairobi at age 15 after siring me as her first born. I grew up in the streets snipping glue until i was rescued at age 10 years. I was taken to a rehabilitation center where i grew up and got primary education to class eight.
During my life in the streets, we used to collect waste plastics with other street children to sell to recycling plants at industrial area.
In this way i learnt the value of waste paper. After graduating from the children's home and having been equipped with entrepreneurship skills, i was ready to do business, however, i had nowhere to put up my business and had nowhere to call home.
I decided to go back to my grandparents where am staying up to now.
From grandmother's home, i learnt how to sell sweets at a bus station. However, the council law enforcers dint give us humble time for business.

My Business

Having learnt the value of waste paper and waste plastics, i realized there was great opportunity to get around and collect the useless waste papers and make them into good use as nobody bothered on them.
I invented a small drum where i started, burning the plastics to make liquid that i could bore to a mold like pipe that could produce smart plastic fences ideal for fencing around the compound for flowers. Luckily my home is right opposite a big Redeemed church. one day, a senior pastor spotted my products and was impressed. They gave me an order to give the church 30such products to fence their flower bed. This was the first time i made cash out of what i started as an invention of its kind in the area.
From then, the revenue that i get, i use to increase waste plastics by paying street children to collect them for me. I am looking forward to expanding my business in future.

Loan Proposal

I am planning to increase the amount of waste plastics for my production from 100Kgs a day to 200kgs. This will help me increase production and hence get out to seek for clients armed with sufficient products. From the loan, i will use the street children to pay them to collect waste plastics for me and hence improve their life by assisting them get money for food and clothing. This will also help increase my profits twofold.
THE BUDGET
1. Waste plastics @ 5KES x 800Kgs = 4,000KES
2. Transport@ 450KES
TOTAL = 4,450KES

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jan 28, 2015

Repayment status

On Time

Projected term

20 months

Lenders

ErikN

Stockholm, Sweden

SE

Sven E

Mannheim, Germany

Cathy

Melbourne, Australia

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