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
When given this amount of money as a loan , I will Lease the land for Quarry mine at 100 Us dollars .
This will create a lot of benefit me and to others in that I will get more profit ,and to others , More people will be be employed at the site.
If this is implemented I expect my Profit to increase by 40% . this means that I will be able to hire more laborers in the site and transport sector will increase as well.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 6, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
I want my "My loans" page back, Qatar
United States
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