Buying of sugarcace machine to make juice
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
Hello lenders, this being the third loan I will used it to buy sugarcane machine to make juice for old men and women who has no dental formula or teeth to chew sugarcane so that I can increase my earning profit from 20dollars 35dollars per day then create job opportunity to youths within the location. The machine itself will cost Kshs.60,000 equal to 600dollars which I will use the rest from what had saved. The profit will change from 200dollars to 600dollars per month. Since I have blender for juice i will mix the two fruits which is sugarcane and oranges,apple to make it sweet for them. I will be happy if the loan is funded the pay back on time then come for more fund. Thanks indvance lenders.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$389.00
Date disbursed
Oct 31, 2015
Repayment status
On Time
Projected term
9 months
Other loans
Lenders
Munich, Germany
Germany
United States
Netherlands
Germany
United States
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