Solar lamps

Domnic

Kisumu, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Domnic

Member since

July 2014

On-time repayments

216 installments • 22%

About Me

Im domnic Obado aged 36yrs.male,leaved in kisumu kenya.have atained certivicate of secondary education,but went through hardship where by my mother use to pay my school fees through vending vegetables.business Im doing right now I started it by 2 lamps that I used to give my neighbour 1 lamp so that his children could read and do their homework at night.When the next neighbour so that light he approach me to give him the last lamp I remained with and pleaded with me,he even proposed that he will be giving me some little payment daily if I given out that lamp to his childern.I got it quite interesting and bought some 2 lamps after borrowing small money from my uncle,looked for some neigbours to give the lamps for a small fee but failed.tried the vegetable vendors and they took the lamps,right now there is demand for more lamps

My Business

I have some solar lanterns that I do take to local business vendors every sun-set for a small fee daily (hire basis),come every morning I do collect the lamps for recharge.the solar lanterns I have at the moment are still less because the demand is increasing.there is no electricity around the area,so I got much interest and try to make sure that every vendor has got some light.by getting something small I will be able to give my children better education,and to build a better house.Now thinking to get someone to help me distribuit and colleting the lamps everyday.

Loan Proposal

Hi lenders Im requesting you to lend me again,the market demand of solar lamps is growing.I am requesting you to lend me Usd 281.22 that will enable me to add 12 solar lamps to my business,cost of one solar lamp is Usd 20 and Usd40 to buy a file for keeping my documents.by adding these lamps to my business it will increase my income and Im planning to get sumbody to help me suppliying the lamps to vendors in the evening and collect them for recharge in the morng, the market vendors will have a smokeless light and they will be able to sell till late when the dark falls after sun set.
I do expect that by adding 12 solar lamps to my business my income will increase by 50%