Name
Ayub
Member since
February 2014
On-time repayments
154 installments • 33%
I am Ayub. I was borne in Nakuru, Kenya to a small humble family of 6 siblings. I had this very hardworking father that one day when he sadly died my mom asked us jokingly, who's gonna be as hardworking as your father. Inwardly, I deeply feel proud that I have taken after my father - I never leave until my efforts have achieved. I managed to sail through campus, undertaking Electrical and Electronics Engineering only by running errands in Nairobi town, at times during classes just to earn a living, including selling insurance policies, registering businesses and delivering post mails. I am today working for a multinational German solar power financier representing them in East Africa (see me in www.ecoligo.com). Still I am running a nut processing and packaging business both to mentor my cousin as well as help her save for her education. Mentorship is what I do best. My pastime hobby is simple: visiting places in the websites: universities, cities, cultures and watching real documentaries. It gets me inspired that one day I will tour the globe.
Apart from my employment, I run a small business that processes and packages different kind of nuts. My key product is the granola. This is a product that is added to different cuisines and is a mix of many nuts which I roast and grind and mix into a paste. I discovered that in this day and time, healthful living is a key concern for many. My target group is mainly the vegetarian. They need their bodies supplemented by nutrients they lack from animal-based foods. Nuts have most of these nutrients. The value addition for groundnuts, a special package I make, is to add pure honey, cinnamon and cayenne pepper and sell between 0.9 and 3.2 USD/packet. The unit cost of production is 0.4 - 1 USD/packet. My profits are used to grow my business as I save a portion for my cousin's higher education. I market my product through social media and personal network. My ultimate goal is for mass production to supply in supermarkets and to a larger market base. My operation expenditures are mainly electricity costs, since I run my roaster on the grid. I target that through the support of this community to soon but LPG gas roasters. I am proud of the business idea and I am happy to expand it to the many ideas in my mind.
The loan will help me buy the needed motor safety equipment like reflectors for cars and jackets for motorists, helmets, gloves, aprons and fire extinguishers. the loan will help me establish this business in a business viable point, where ready market for this is ensured. The benefits enjoyable in this project are sure due to the high use of motor vehicles and motor bikes and bicycles. It is also expected to reap immense profits from the fact that the shop will also include sale of safety equipment for technicians and electricians. The reception of this loan is a major milestone for my economic development therefore.
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Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Mar 3, 2014
Repayment status
On Time
Projected term
35 months
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