Buying advanced sugarcane juicing machine
John
Ngarariga, Kenya
100% repaid
Entrepreneur
Name
John
Member since
December 2014
On-time repayments
219 installments • 83%
About Me
I'm originally from the Nyanza part of Kenya but now reside in Central Kenya. I am married to a beautiful wife and blessed with two beautiful girls aged 4 and one years respectively. I'm a form 4 leaver and have a certificate in computer packages. Although I worked as a computer tutor in Nyanza , the pay was not enough and I moved to Ngarariga in Central Kenya in search of greener pastures. This was after I got married and the need to get more income to sustain my family become dire.
In Ngarariga, I opted for manual construction jobs and worked for an year. I saved enough to buy a wheelbarrow as you can see in my profile picture and started to sell sugar cane at the stage. Compared to the manual jobs, I can say I'm at better place and my livelihood is stable.
My Business
I sell sugarcane at the Ngarariga bus stage on a wheel barrow. I buy sugar cane and sell it in small bits but now i what to start buying in larger amount from farmers so that i can get big profit and have my own store with the loan you will give to me . Sugarcane is enticing and I have ready customer who are boarding and alighting at the stage. It is fast moving as well. I have been the business for one year and a half now and my business is thriving, I am the only one who sells sugarcane at the stage and I am yet to get a competitor. My courtesy and good customers services has been the key factors for maintaining my customers.
On a good day I can make up to Kshs 3000(approx $ 30). I use the money to buy stock after two weeks, buy food for my family daily and save the rest. I want to buy sugarcane to store in my store which had already rent for storage other two wheelbarrows in the near feature and fur to get workers to be selling the sugarcane for me on the opposite side of the stage and fur stage which is 3km away so that i can increase my income and create more employment too.
Loan Proposal
Dear Lenders,
Hey lenders, first I will like to thank you all for the previous loan, I can't compare you with any teams lenders in the world. Since it has helped me a lot and is of less interest compared to other loans. Thanks a lot God be with you all.
This is my sixth loan and intends to use it to buy advanced sugarcanemployed machine that will be of great use to my business fully time with power or without and diversify my business into selling of cane juice and fruits juice by use of blender. The amount needed is approximately Kshs. 130,000 equal to $1300 since the loan is not enough I will use my served amount to get that machine.
The business can be set at Limuru Town since the area is surrounded by all sorts of businesses from Factory of shoes, Motor vehicle garages, shops and residents houses which translates to markets also I will blend fruits to juice to mixing them with cane juice for my customers.
That will lend to expanding of my business due to more customers, then create more profit to myself and job opportunity to other people. So my dream is that the youth to have job by training them how to be self employed then how to get fund by being trustworthy and ready to be assisted fund will not be a problem. Thanks in advance all lenders if you consider my request, God be with you all.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$920.00
Date disbursed
Apr 11, 2017
Repayment status
On Time
Projected term
24 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
United States
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