Entrepreneur
Name
Samwel
Member since
July 2016
On-time repayments
268 installments • 66%
About Me
I am Mr. Samwel Nyangi. I am a building technician by profession and my main professional duties include supervision of buildings on construction sites.
I hail from Rongo Village, Homa Bay County in Nyanza region of Kenya. The main economic activity in Rongo is fishing at Lake Victoria. Lake Victoria is the second largest freshwater lake in the world, hence a main tourist attraction in Kenya. Other tourist attraction sites in my area include Ruma National Park bordering Lake Victoria. The Luo community is well known for a rich cultural heritage not limited to traditional songs, dances, dressing,rituals, etc. Nyanza region hence poses as a strong attraction destination for tourists.
My Business
I identified a gap in the building and construction sector especially in the supply of building materials and inputs. Hence, I got into the business of making and supplying man made bricks which are more cost effective and affordable compared to other bricks naturally mined and supplied by big firms. My business targets middle and low income earners who can hardly afford to buy bricks from big firms. My business offers customized solutions to the customers.
My business has a cash flow of $1500 per month with the major revenue coming from sales of man made bricks and supply of labour. I plan to repay the loan using proceeds from my business.
Loan Proposal
this loan will enable me buy raw materials directly from the query @1,300 KES. per tone at cheaper price compared to ordering from supplier @ 2,500 KES. tone this will increase my profit by 10% compare to previous.
this kind of business has help five youths of which has been employed by my business and they have been to make the end move by raising their family as well as educating their childrens
About Me
I am Mr Samwel Nyangi , am a building technician by profession and my main professional duties include supervision of buildings on construction sites.
I hail Rongo village homa bay county in nyanza region of Kenya,The main economic activities in Rongo is fishing at Lake vistoria,Lake victoria is the second largest fresh water lake in the world hence a main tourist attaction in kenya.Other tourist attaction site in my area include ruma national park bordering lake victoria.,I Luo community well for a rich cultural heritage not limited traditional songs,dances,dressing,rituals etc.Nyanza region hence pose as a strong attraction destination for tourists
My Business
I identified a gap in building and construction sector especially in supply of building materials and inputs,hence i got into the business of making and supplying man made bricks which more cost effective and affordable compared to other bricks naturally mined and supplied by big firms.
My business targets middle and low income earners who can hardly afford to buy bricks from big firms ,My business offers customized solutions to the customers.
My business has a cash flow of $ 1500 per month with the major revenue coming from sales of man made bricks and supply of labour.
My main aim for requesting for the loan is help me replenish my inventory,I plan to repay the loan using proceeds from my business
Loan Proposal
this loan will enable me buy raw materials directly from the query @1,300 KES. per tone at cheaper price compared to ordering from supplier @ 2,500 KES. tone this will increase my profit by 10% compare to previous.
this kind of business has help five youths of which has been employed by my business and they have been to make the end move by raising their family as well as educating their childrens
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Loan Info
Project Type
Classic Loan
Disbursed amount
$807.00
Date disbursed
May 21, 2017
Repayment status
On Time
Projected term
10 months
Other loans
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