Entrepreneur
Name
Simeon
Member since
February 2015
On-time repayments
221 installments • 44%
About Me
I am 49 years old ,the first born of a family of seven siblings.Iam married to one wife named Catherine Oyier and God has blessed us with five children.I went to Nyadolo primary school 1976-1984 then Wangatal secondar school 1985-1988,then I joined Mawego Technical college in 1989-1991 ,I didi building and construction and now I deal with building stones from quary and supplies to buiding sites
My Business
I started the business of hiring quarry from the land owners and cutting the stones three years ago with a capital of ksh.100,000.the business has grown up to ksh.300,000 in capital .The challenges I face in the business is high cost of hiring unskilled workers and high cost of transport of stones to the building sites for customers.
What makes me succeed in these business is that I am a professional stone cutter,therefore my stones are of good quality thus high demand and also to add on that I am faithful to customers.Iam also present through the year i.e Iam always their for them
Loan Proposal
If I am given this loan amount then I will lease a quarter an acre of land for quarry mine Business at a cost of 370 Us Dollars.
This will benefit many people in that I will now employ 4 more worker in my quarry mine and field.
This will also benefit my customers because I will be able to supply them with building stone at any time they need them.
This also will benefit me because I will get more profit in this Business.
I expect to get 50% increase in my Business if this is implemented .
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$389.00
Date disbursed
Nov 7, 2015
Repayment status
Late
Projected term
44 months
Other loans
Lenders
I want my "My loans" page back, Qatar
Fontvielle, Monaco, Yemen
United States
United States
Netherlands
Ask Simeon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...