Buying an interlocking block-making machine
John
Kiptagwanyi Kenya, Kenya
100% repaid
Entrepreneur
Name
John
Member since
July 2012
On-time repayments
243 installments • 52%
About Me
My name is John ndegwa, in our language kikuyu in Kenya, the word ndegwa means a bull cow. I'm the third child in my late father's family. My both parents died late 80s. I helped to raise my youngest brother and sisters who were left by our parents when young. Having not being Soo much educated I didn't get a good job, so I became just a business man.
My Business
I'm a young contactor in building. I started the business due to my talent in building since from school. During my learning in school, there was a subject taught known as art and craft. I learned to build walls made of mud bricks in school. This is how I got interested in massonary work. Later, when I grew up, I started building houses for payment to people in my neighborhood. It later came to be my eaning business. It has helped me to raise a family.
Loan Proposal
With the loan I'm planning to buy an interlocking blocks making machine. The machine needs only murrum soil and cement to fabricate building blocks. It simple and needs not much labour to make building blocks. I will be selling the blocks in areas without natural building blocks. They do better and are simple in building. With this additional machine among others I have in my construction business, I sure I will do even more better.
Income Source
With the loan, I believe I would be able to pay because the machine I'm inteding to buy will add more profit to my construction business. I already have done investigation and I know where to be selling the blocks. With the additional profit I will be able to pay my loan easily and comfortably. Thank you lenders.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$591.00
Date disbursed
Feb 1, 2021
Repayment status
On Time
Projected term
3 months
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Summary
Amount repaid
$591.13
Amount remaining
$0.00
Date repaid
May 1, 2021
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 13, 2021 | $48.73 | Feb 7, 2021 | $48.73 |
| Feb 20, 2021 | $48.73 | Feb 20, 2021 | $48.73 |
| Feb 27, 2021 | $48.73 | Feb 25, 2021 | $48.73 |
| Mar 6, 2021 | $48.73 | Mar 13, 2021 | $48.73 |
| Mar 13, 2021 | $48.73 | Mar 13, 2021 | $48.73 |
| Mar 20, 2021 | $48.73 | Apr 4, 2021 | $48.73 |
| Mar 27, 2021 | $48.73 | Apr 7, 2021 | $48.73 |
| Apr 3, 2021 | $48.73 | Apr 17, 2021 | $48.73 |
| Apr 10, 2021 | $48.73 | Apr 20, 2021 | $48.73 |
| Apr 17, 2021 | $48.73 | Apr 20, 2021 | $48.73 |
| Apr 24, 2021 | $48.73 | Apr 24, 2021 | $48.73 |
| May 1, 2021 | $48.73 | May 1, 2021 | $48.73 |
| May 8, 2021 | $6.38 | May 1, 2021 | $6.38 |
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