Raw material for making soap

Michael

Mtopanga, Kenya

100% repaid

Entrepreneur

Name

Michael

Member since

February 2015

On-time repayments

188 installments  •  82%

About Me

My name is Michael Mutiso, born in Makueni county of Kenya – 35 years ago. I was born in a farming community in an area which is semi arid with an acute shortage of water. I was raised up in this rural area far away from modern civilizations. I led that simple life until I finished my secondary education and relocated to Mombasa where I began my second phase of my life.

Once in Mombasa, I enrolled in a college where I did course in sales and marketing. This course took two years to complete. I got a job shortly afterwards with local companies where I worked as a salesman and this I did for five years.

I decided to quit after the five year stint and started my own business of making soaps and detergents.
I am a family man with a wife and two children – aged 4 and 7 years.

My Business

My business deals with manufacturing soaps and detergents using simple equipment. I use raw materials such as glycerine, hydrochloric acid, industrial salt etc. I mix them using buckets and stirring stick and then package them into quantities ranging from 1 liters to 20 liters.

My main clients are shops (to retail), restaurants, hospitals and people in residential areas. They prefer my products because they are cheaper and more effective than those made by big companies. I manage to keep the price low due to low production cost and use of simple techniques. I normally package the finished products using recycled containers further reducing the cost.

I make a net profit of about $250 per month which I use for family’s sustenance.

Loan Proposal

If I get this money, I will use it to buy more raw materials so that I produce more products. I will use half of it to buy hydrochloric acid and the rest to buy industrial salt. I will also spare a small amount to buy recycled containers. I normally buy these containers from street kids and this preserves the environment as well as giving the unfortunate kids something to spend.

This stock will keep me going for a number of months thus ensuring smooth running of my business.

I expect to make good returns from the sale of the finished product which will mean a better life for my family.

Feedback

1

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 4, 2015

Repayment status

On Time

Projected term

4 months

Lenders

beverly

Vancouver, Canada

N

nanax005

SALEM, United States

R

ram1919

San Jose, United States

Zal0m0n

Atlantis!!!! x), Mauritania

Hank

Göteborg, Sweden

J

jocor

Germany

KM

Kirsty M

United Kingdom

SE

Sven E

Mannheim, Germany

Family Mueller

Petershagen, Germany

C

camo1243

United States

MW

Matt Willis

United States

B

Beth

United States

Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...