Entrepreneur
Name
Mishack
Member since
June 2015
On-time repayments
93 installments • 70%
About Me
I am Mi shack Oloo Okuto,I was born in 1969 in Nyanza Province in Homa Bay County ,in Kabondo /Kasipul Constituency Ougis.
Between 1976 to 1983 I attended Kadiju primary School ,And after that I did join Secondary School due to lack of School fees ,because I was an orphan without my father no body was to pay my School fees.
The went to Nairobi to look for any job just for survival and, I got a job as a night guard in one of the company with very little salary .,which I did until the year 2000 when I moved Kajiado the work of mining which am doing to date.
Am married to one wife and five Children .First born daughter is in form two in Nakuru,My Second born daughter is in form one in Narok girl ,My third born Son is in Cass seven in Kajiado ,my fourth born Son is in Class three and my last born is a girl still at home.
After suffering in the hand of my employers then I decided to save some money for about one year and I leased a small potion of land for quarry mining ,and that is how I began this Business of Quarry mining.
Uniqueness of my culture is that when you reach the age of 18 you have to provide for your old Mother even if you don't have an income. More especially if your Father died.
All my Children want to be come Engineers when they grow up and complete the University.
My hobby is music in my free time.
My Business
I provide building stone in cities and urban centers in Kenya and around the places near us.
These are in demand it is Cheep to use stone in building than bricks or Blocks,therefore many people prefer to use it.
I chose this Business because the land with this kind of stones is still in plenty or the land is still vast in this area.
My typical and revenue is 45,000/Kshs monthly.
My profit I use as follows ;School fees 24,000/Kshs
Reinvestment in growing Business 10,000/Kshs
Home improvement and alms 6,000/Kshs
An I expect this to increase as my Business continue to grow and grow and I also continue to lease more land for this kind of Business or buy my .own land for the purpose of Quarry mine.
Loan Proposal
If I am given this loan amount then I will lease a land for quarry mining Business and that a quarter an acre at 200 Us Dollars for six months.
This will make more wealthy than before and I will hire more laborers for pay a bout 5 of them and this will benefit them as well.
If this plan is implemented then I expect an increase of 50% in this business of mining and probably higher than that .
Thank you so much lenders for considering me again and I sure you that this Business is viable please fund it ,
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Loan Info
Project Type
Classic Loan
Disbursed amount
$214.00
Date disbursed
Nov 29, 2015
Repayment status
Late
Projected term
18 months
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