Purchase a sugarcane juice machine for commercial purposes

Erick Ndwiga

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Erick Ndwiga

Member since

June 2014

On-time repayments

313 installments  •  43%

About Me

My names are Erick Ndwiga Kenya citizen by birth, am the 1st born in the family of three, I live in Kitengela town which is located off Mombasa road, i operate a cab business/ company which is situated in upperhill Rahimtullar towers, I cleared my ‘O’ level in the year 2009 and joined University of Eldoret where i studied Diploma in Tourism and wildlife management and cleared in April 2013, I will be graduating in December this year for my Diploma. I decided to start up a cab business because i didn’t want to sit down and wait for my graduation day yet i needed money for my personal use. I love playing football and traveling or visiting historical sites. I

My Business

My business is on the transport or rather Tourism industry in Nairobi Kenya, Tourism has peak and off peak seasons so not full time , i sometimes get bookings with companies like Pwc Kenya and Ecolab East Africa and friends, for me to have a fleet of car's i have to start somewhere and for sure one day my dreams will be valid, as an entrepreneur i believe, Food,Accommodation and Transportation is the way to go.so my side business falls on the Food sector, i started with chicken or Poultry, which is supports my Transportation business

Loan Proposal

I wish to apply for a 6th loan of $1600 payable in equally monthly instalment $60 weekly,as my Poultry business is still operational ,my Poultry business this year wasn't very stable, almost half of my Poultry was affected by a disease which killed my chicken hence affecting my supply, so i had to do research of another business that can boost my needs or lifestyle, The first step i took was to get a store on a strategic location ,it was a challenge since such stores has to be paid for 2 months rent deposit and a goodwill, the cost was $70.this made me to even sell my motorcycle for me to get the shop,first come first served,for sure the business is in a very strategic area and will pick so fast,so the loan will help me to purchase a SUGAR CANE JUICE MAKER, sugarcane juice is considered an alkaline forming food, because of the high concentration of calcium ,magnesium, potassium, iron and manganese in it,The juice has 10 major benefits, one can sell 15 l per day,The machine will cost about $1950 ,the balance of $ 350, i will finance from my Poultry business profit,my savings will also cater for the other expenses, looking forward for your positive consideration for the above loan, Thank you in advance. Sincerely. Eric Nthiga

Feedback

2

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  • Margaret    Sep 12, 2017

    Erick paid off his loan in a timely manner, I would gladly lend to him again.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,613.00

Date disbursed

Oct 18, 2016

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Service fee: $66.43

Lenders

Paul Buchheit

Mountain View, United States

Mike and Jacqui

United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

M

Margaret

United States

A

Anonymous

United States

CY

Carly Yoshida

United States

Paul Buchheit

Mountain View, United States

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