Materials and equipment for detergent making cottage industr

Edward Odhiambo

Ndhiwa Town, Homa Bay County, Kenya

100% repaid

Entrepreneur

Name

Edward Odhiambo

Member since

July 2018

On-time repayments

23 installments  •  30%

About Me

Greetings from Kenya. I am Edward. I live in a rural community called Ndhiwa. I am passionate about my liquid soap and allied making business. I get my raw materials from Nairobi and make my products at home. I use my desk top computer to manage my operations. Through this, I have become self employed and look forward to setting up a light industry in my community. This in my opinion will help more young people to also get jobs.

My Business

My Zidisha Loans are a great source of my business financing. Since I had to start with small loans, I used to invest these in transporting both raw materials and stocks to my clients. As a result, I have been able to meet my orders promptly.

With the increase in my credit score, I look forward to investing my loans directly into raw materials and transport for my contract supplies. This will see me make two profits: my present capital will meet my family budget while the new stocks will meet my business budget.

On average, I presently make about Kshs. 7.500/- per week in profits. I look forward to doubling this up with my new loans.

Loan Proposal

Detergents offer local households opportunity to maintain hygiene and so prevent disease. I live in a small town called Ndhiwa. Most households are low income and live away from shops. This has created a supply gap for washing materials.
I have skills in making detergents and an access to a supplier for raw materials needed in Nairobi. I have done this business for a year and I know I have a reliable market. The Zidisha Loan will help me to:
A. Buy raw materials @ US Dollars 200.
B. Buy packaging materials @ US Dollars 50.
C. Buy part of equipment to help gradually meet Public Health Law requirements @US Dollar 50.
Total this loan: US Dollars 300.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Jul 9, 2018

Repayment status

On Time

Projected term

3 weeks

Lenders

JO

Johan O

Borlänge, Sweden

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