To buy another sugarcane crusher machine

Lucky Nguna

Makindu - Nguuni, Kenya

100% repaid

Entrepreneur

Name

Lucky Nguna

Member since

April 2015

On-time repayments

169 installments  •  72%

About Me

I completed my primary school level in the year 1993, and in the year 1994 I joined high school but due to lack of school fees I dropped out. March 1994 I traveled to Mombasa, I got a job in a cybercafé as cleaner. Here's where I worked and trained in computers. Due to my good work and experience, one of my client gave me a used photocopier machine and one computer which I started a business: a small bureau.

My Business

First, I operated in a small bureau, in my bureau I did photocopy and typesetting but the competition was high due to many and well equipped bureaus around. The profit that I get from the shop wasvery low, cannot cartered for my life expenses. That's why I was seeking a loan to upgrade my bureau with more computers and stationery.

Recently I switched to another business: Sugarcane Juice. I do crush 50pcs of sugarcane in one day, the business is going very well.

One pc of sugarcane is sold at kshs. 35 at our nearby market (Kongowea).
50pcs = Kshs. 1,750/= and when i sell the juice I get Kshs. 5,000/=.

I employed a small boy whom I pay Kshs. 300/= per day.
It is a good business, my profit can be Kshs 2950!

Loan Proposal

Dear Lenders,

Am requesting for a loan to buy another Sugarcane crusher machine, The machines costs Kshs. 50,000/= that is equivalent to USD 497 for the current rate, the machine is made in Thailand / China and it is good. I got another place though it is open place same like the other place i operate this business, at old place i do crush 70pcs a day because the business is doing good in this hot climate, and i hope a new place i can crush like 40 to 50pcs a day, that can give me good profit. I hope after opening this small business can help me take care and educate my kids and also 3 orphan of my Late brother who died at year 2016. The kids are in high school and am the one pays for their school fees. So i hope extending this business can make me manage to educate those children.

Show original English  

About Me

I, completed my primary level in the year 1993, and in the year 1994 I joined high school but due to lack of school fees I dropped out. March 1994 I traveled to Mombasa, I got a Job in a cyber as cleaner that where I worked and trained in computers. Due to my good work and experience, one of my client gave me a used photocopier machine and one computer where I started a small bureau.

My Business

I operate a small bureau, In my bureau I do photocopy and typesetting but the competition is high due to many and well equipped bureaus around. The profit I get from the shop is very low cannot carter for my life expenses. Thats why I,m seeking a loan to upgrade my bureau with more computers and stationery.

Dear Lenders,
I switched to another business of Sugarcane Juice, where by the business is doing very well i do crush 50pcs of sugarcane in one day. One pc of sugarcane sold at kshs. 35/= at our near buy market (Kongowea). 50pcs = Kshs. 1,750/= and when i sell the juice i get Kshs. 5,000/=. I employed a small boy whom i pay Kshs. 300/= per day. It is a good business whereby after my sells which is Total Sells Kshs 5,000 minus Kshs. 1,750 for sugarcanes and minus Kshs. 300 for the boy i remain with Kshs 2950/= Profit.

Dear Lenders,
I thank God and your support for making me be a businessman, This sugarcane Juice business is doing very well, though we operate in a open place using big umbrella to cover us for direct sunlight, But the business is paying thats why i want to add another Sugarcane Crusher Machine to extend my business after getting another good place. The machine costs Kshs. 50,000/= which is equivalent to USD 497. The place we buy sugarcane (Kongowea Market ) they reduced price of sugarcane from Kshs. 35/= to Kshs. 30/= because now i take more than 100pcs a day and i can crush 70pcs a day, thats gives me a good profit of Kshs. 7,000/=. i also added daily payment of my boy from Kshs 300/= to Kshs. 350/= plus lunch of Kshs. 50/= that totaling to Kshs. 400/= per day.

Loan Proposal

Dear Lenders,

Am requesting for a loan to buy another Sugarcane crusher machine, The machines costs Kshs. 50,000/= that is equivalent to USD 497 for the current rate, the machine is made in Thailand / China and it is good. I got another place though it is open place same like the other place i operate this business, at old place i do crush 70pcs a day because the business is doing good in this hot climate, and i hope a new place i can crush like 40 to 50pcs a day, that can give me good profit. I hope after opening this small business can help me take care and educate my kids and also 3 orphan of my Late brother who died at year 2016. The kids are in high school and am the one pays for their school fees. So i hope extending this business can make me manage to educate those children.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$525.82

Date disbursed

Feb 22, 2018

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $22.16

Lenders

Bobrm2k3

Charleston, United States

M

miriamg

Toronto, Canada

Treesforpeople

Oxfordshire, United Kingdom

Tanya

Nelson, New Zealand

Dirk

Penang, Malaysia

Vratik Krocik

Prague, Czech Republic

L

Liam

New Zealand

Don Williams

New Zealand

T

TP

United States

Helen and Denis

Global citizens, United States

Jim Murray

United States

Genuine Interest

Singapore, Singapore

Stefan Koshold

Mülheim, Germany

Daisuke

Tokyo, Japan

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