Solars and clean cook stoves for households

Joseph

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

August 2018

On-time repayments

7 installments  •  100%

About Me

Am Joseph Ojiambo aged 40 years..I lost my parents at the age of 16 years when I was in secondary school and experienced difficulties in continuing with education having some break to solicit funds for continuation. .Managed to pursue my education and am a holder of Bachelor of Commerce Marketing option.
I ventured in business in the year 2016 after having some stints in employment where there were no job security..

My Business

I deal with clean Cookstoves and Solar lanterns
The products are useful because many clients are not connected to electricity and also the environment needs to be preserved..
My typical cost is 75% of the total revenue collected.
The profits raised is used for family sustainability and provision of the needs required. .
Expand to include solar systems solutions that offgrid,grid tied,streetlights,floodlights,borehole,garden lights,solar fences,pv panels and biogas

Loan Proposal

I have established a market for solar systems and clean cookstoves in tea estates where the demand is big and due to logistical challenges bulk supplies will be economical.
Have had conversation on payments with Saccos who have agreed to purchase the products from me and they sale to there members inform of loans advanced to the sacco members.
The membership is over 10000 but want to supply for at least 500 members after every fortnight.
This help in serving the market adequately and also help the targeted groups to preserve environment and have a healthy livelihood.
The profit expected is between 20% to 35%.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Aug 2, 2018

Repayment status

On Time

Projected term

3 weeks

Lenders

A

Andrei

United States

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