Raw materials to help my business grow
Orina
Alego, Siaya, Kenya
96% repaid
Entrepreneur
Name
Orina
Member since
October 2016
On-time repayments
86 installments • 17%
About Me
I grew up in Kalkada village in West Alego. I joined a garment making course at Kitale Polytechnic. Upon completion of the course, I worked as casual worker with Raymond’s Fabrics in Eldoret after which I returned home. I later moved to Kisumu and started a tailoring business and at the same time enrolled for a 1 year certificate course in garment design at Ramogi Institute of Technology in Kisumu and obtained a certificate. I later became sick and could no longer continue with the tailoring business.
I started the briquette business in 2014. I look forward to growing the business to a level that I will generate income that is adequate to support my family and make us live an admirable and dignified life.
My Business
Ukuru Briquette Enterprises was started in 2013. The business deals in production and selling of quality charcoal briquettes in Kisumu. The business sells to local hotels and urban households within Kisumu city. The business faces the challenge of low production due to the crude equipment used for production. The business also faces inadequate production space and, at times, wet weather conditions halt the production process. I need to scale up production so as to lower the costs. Scaling up of production requires additional working capital for buying raw materials and equipment. Access to capital is also not easy due to a lack of collateral, a key requirement to get financial support from financial institutions.
Loan Proposal
The loan will be used as capital for buying a manual briquette machine and additional raw materials(charcoal dust, binder and poly sacks for packaging finished products). Because of the increased number of units traded, I will be able to serve more customers from which I expect to generate additional income of at least 12,000 a month. This will be an economic boost to my household. It will enable me feed and educate my children well. I will also be able to save enough money to invest and improve the standard of living of my family.
About Me
I grew up in Kalkada village in West Alego. I joined a garment making course at Kitale Polytechnic.
Upon completion of the course I worked as casual worker with Raymond’s Fabrics in Eldoret after which I returned home . I later moved to Kisumu and started a tailoring business and at the same time enrolled for a 1 year certificate course in garment design at Ramogi Institute of technology in Kisumu and obtained a certificate . I later became sick and could no longer continue with the tailoring business.
I started the briquette business in 2014 and look forward to growing the business to a level that I will generate income that is adequate to support my family by and make us live an admirable and dignified life.
My Business
Ukuru briquette enterprises was started in 2013.The business deals in production and selling of quality charcoal briquettes Kisumu. The business sells to local hotels and urban households with Kisumu city. The business faces the challenge of low production due to the crude equipment used for production. The business also faces inadequate production space and at times wet weather conditions halt the production process. I need to scale up production so as to lower the costs. Scaling up of production requires additional working capital for buying raw materials and equipment. Access to capital is also is not easy due to lack of collateral, a key requirement to get financial support from financial institutions.
Loan Proposal
The loan will be used as capital for buying a manual briquette machine and additional raw materials(charcoal dust, binder and poly sacks for packaging finished products). Because of the increased number of units traded, I will be able to serve more customers from which I expect to generate additional income of at least 12,000 a month. This will be an economic boost to my household. It will enable me feed and educate my children well. I will also be able to save enough money to invest and improve the standard of living of my family.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$22.00
Date disbursed
Oct 18, 2016
Repayment status
On Time
Projected term
8 weeks
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Margaret Jul 7, 2018
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