Entrepreneur
Name
John
Member since
April 2012
On-time repayments
288 installments • 8%
About Me
I am 56 years of age living in Rongai town which is in Nakuru county in Rift Valley province. I joined my first school in 1968 and sat for my primary education certificate in 1974. I continued with the secondary level from 1975 – 1978. After the school I joined the other Kenyans finding job to be employed but only casual laboure until when I decided to be trained in order to help farmers in pountry area where I do vaccinate their birds.Currently I have switched to a new business of bricks works.
I am married with 7 children, 2girls and 5boys and do live in Rongai town.
My Business
I have experienced that the poultry business incomes does not sustain me to service a given loan.Am practicing a new,unique and innovative business of making bricks with soil.I started by building my brick house and community wants such bricks,but I cant coup with demand when hand made bricks.I need a manual improved interlocking bricks machine. I visited an engineer in Nairobi and agreed he would make one for me at ksh 65,000($747)if I make interlocking bricks,buyers will cut of cement cost by about 79%!Demand will rise.That will only be met with the machine.Already there are several customers who have declared interest in buying bricks.
Loan Proposal
I will use the loan to purchase an interlocking brick machine that costs 722 US Dolllars.Though the maximum loan am eligible to receive is below the price I will add the rest to ensure I get the machine that hopefully will make my work more profitable,attractive and fast.I estimate a raise of net profit by greater than 100%currently Am making bricks barely with my hands.The process is slow and tasky plus the fact that I have to burn the bricks at the end of the process.However,with the said machine I will even employ about 4 people to produce enough to meet the demand and no burning of bricks since the machine will compress the bricks to harden.Only in addition shall I add red colouring to make the bricks pretty good.Another advantage of machine is that the product bricks shall be smooth with 100% measure.,
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Loan Info
Project Type
Classic Loan
Disbursed amount
$549.00
Date disbursed
Jun 17, 2014
Repayment status
Late
Projected term
63 months
Other loans
Lenders
Nieuwegein, Netherlands
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