Wheel barrows and spades for my waste collection business

Linet

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Linet

Member since

August 2015

On-time repayments

158 installments  •  71%

About Me

I am a graduate with commerce degree and a 24-year-old Kenyan lady. I was born in a family of four, a setup that has shaped my personality to like working with people and to care for others. I have a strong passion for business and a strong desire to empower women and youth, a dream I believe I will fulfill through my business.

My passion for business can be traced back to as early as high school, when I presented the best business proposal in the Junior Achievement club competition and the divisional level. I am highly environmentally conscious and have taken part in various environmental management programs in various capacities.

Since I was brought up in a male-dominated society, I have also developed a keen interest in empowering the girl child and the less fortunate in the society.

My Business

When in my second year in university, I realised there was a serious problem of garbage collection and disposal. This is because waste collection and disposal was then purely the affair of the local authorities. I saw an opportunity in the environment and started a garbage collection and disposal business. The business that started as a clean-up project saw a lot of appreciation, which made me invest more in the business venture.

Currently, the business operates at a cost of USD 700 and generates an after-tax profit of USD 300 on average per month. The business has three full-time employees and 10 casual employees who help in garbage collection. When we acquire the new tools, we anticipate that the number of employees will increase by five.

The vision of the business is to achieve a clean and green environment. To achieve this dream, most proceeds from the business are currently retained to assist in the business operations and expand the business. Currently, I am in the process of acquiring modern and safe waste collection tools and am looking for USD 249. With this fund, I expect the capacity of the business to expand and profit to grow by at least 20% per month. Later, I plan to diversify the business of waste recycling.

Loan Proposal

With the first loan, I was able to acquire safety equipment for my garbage collection, and this made our collection capacity improve greatly.

I am this time applying for a loan to acquire 10 wheelbarrows and 10 spades for my waste collection business. A wheelbarrow costs around USD 35 while a spade costs USD 5. I therefore require around USD 400 for these tools.

If I get this loan, I will be able to pay for the deposit for the wheelbarrows and the spades from already-identified hardware and be able to repay the remaining installments from the proceeds of the business.

[After] acquiring these tools, I anticipate we will enhance our collection capacity by around 40%, which will improve on our income generation by around 30%. This loan will also help us move towards achieving the vision of the business that is achieving an organized and safe waste disposal within Nakuru County in the next 5 years.

I request for your support to help up realise this dream.

Show original English  

About Me

I am graduate with commerce degree, 24 years old Kenyan lady. I was born in a family of four, a set up that has shaped my personality to like working with people and to care for others. I have strong passion for business and strong desire to empower women and youths a dream I believe I will fulfill through my business. My passion for business can be traced back to when as early as when I was high school when I presented the best business proposal in the Junior Achievement club competition and the divisional level. I am highly environmentally conscious and has taken part in various environmental management programs in various capacities. Since I was brought up in a male dominated society, I have also developed keen interest in empowering the girl child and the less fortunate in the society.

My Business

When in second year in the university, I realised there was serious problem of garbage collection and disposal. This is because waste collection and disposal was then purely the affair of the local authorities. I saw an opportunity in the environment and started a garbage collection and disposal business. Currently, the business operates at a cost of USD 900 and generates after tax profit of US400 on average per month. The business has three full time employees and 14 casual employees who help in garbage collection . The business is in the process of renting a new site for temporary storage of recyclable garbage. We need USD 400 for deposit payment. Through some savings from the business, I able to raise USD 160. I am looking for the remaining USD 240 through this loan. With this fund, the business will get space and will soon start recycling of wastes. In addition, the revenue generation of the business will grow by around 10%. I believe I will be able to repay the loan in time.

Loan Proposal

With the first loan, I was able to acquire safety equipment for my garbage collection and this made our collection capacity improve greatly.
I am this time applying for this loan to acquire 10 wheel barrows and 10 spades for my waste collection business. A wheel barrow costs around USD 35 while a spade costs USD 5. I therefore require around USD 400 for these tools. If I get this loan, I will be able to pay for the deposit for the wheel barrows and the spades from already identified hardware and be able to repay the remaining installments from the proceeds of the business.
Acquiring these tools I anticipate will enhance our collection capacity by around 40% and which will improve on our income generation by around 30%.
This loan will also help us move towards achieving the vision of the business that is achieving an organized and safe waste disposal within Nakuru County in the next 5 years.
I request for your support to help up realise this dream

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Loan Info

Project Type

Classic Loan

Disbursed amount

$249.00

Date disbursed

Dec 14, 2015

Repayment status

On Time

Projected term

14 months

Lenders

JimVandegriff

Trinidad, California, United States

P

Prysdahl

Marshall, United States

H

Habroukema

Austin, United States

markpearson

Portsmouth, United Kingdom

Megan

United States

Leonardia

Waddinxveen, Netherlands

Pascal Coyles

Ghent, Belgium

M Jordan

United States

SL

Samuel Le

Seattle, WA, United States

V

Vivek

Arlington, VA, United States

WE

Wendy Emlyn

Devon, United Kingdom

Aylsham Rotary

Aylsham, Norfolk, Uk, United Kingdom

A

Allie

Australia

Carl D Patterson

United Kingdom

Wayne G

United States

E Mac D

Luxembourg

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