Multi power - save a tree
Michael
Kabati, Murang'a County, Kenya
100% repaid
Entrepreneur
Name
Michael
Member since
August 2018
On-time repayments
3 installments • 100%
About Me
I grew from a humble background, Schooling to tertiary education through government assistance and self sponsored for degree program in Project Management.
The start-up came to be after early retirement at Kenya Power Company as an Electrical technician.
53 homesteads are already benefiting with 6Kg LPG cylinders, complete with burner kit for cooking. beneficiaries pay for gas only as they cook within one month.
cost per complete cylinder kit equals Ksh. 2850.00. Earning per cylinder per month equals Ksh. 200.00. 70% of the profit is ploughed back in order to reach more and more low income earning groups in our society while 30% is used for for family up keep.
I target to reach 3000 homesteads in 2 years.
My Business
I started the business using a portion of my Retirement benefits, earnings from transport operations as lorry owner and poultry keeping.
Loan Proposal
Buy LPG cylinders to supply to community groups comprised of low income earners to replace wood fuel.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1.00
Date disbursed
Aug 27, 2018
Repayment status
On Time
Projected term
3 weeks
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