Electricity driven sugarcane machine
Lucky
Makindu - Nguuni, Kenya
100% repaid
Entrepreneur
Name
Lucky
Member since
April 2015
On-time repayments
169 installments • 72%
About Me
I completed my primary school level in the year 1993, and in the year 1994 I joined high school but due to lack of school fees I dropped out. March 1994 I traveled to Mombasa, I got a job in a cybercafé as cleaner. Here's where I worked and trained in computers. Due to my good work and experience, one of my client gave me a used photocopier machine and one computer which I started a business: a small bureau.
My Business
First, I operated in a small bureau, in my bureau I did photocopy and typesetting but the competition was high due to many and well equipped bureaus around. The profit that I get from the shop wasvery low, cannot cartered for my life expenses. That's why I was seeking a loan to upgrade my bureau with more computers and stationery.
Recently I switched to another business: Sugarcane Juice. I do crush 50pcs of sugarcane in one day, the business is going very well.
One pc of sugarcane is sold at kshs. 35 at our nearby market (Kongowea).
50pcs = Kshs. 1,750/= and when i sell the juice I get Kshs. 5,000/=.
I employed a small boy whom I pay Kshs. 300/= per day.
It is a good business, my profit can be Kshs 2950!
Loan Proposal
The loan am request is for buying another electricity driven machine whereby it will make my work easier and make more money. The machine is sold Kshs. 65,000/=
The business is doing very well i do crush 50pcs of sugarcane in one day. One pc of sugarcane sold at kshs. 35/= at our near buy market (Kongowea). 50pcs = Kshs. 1,750/= and when i sell the juice i get Kshs. 5,000/=. I employed a small boy whom i pay Kshs. 300/= per day. It is a good business whereby after my sells which is Total Sells Kshs 5,000 minus Kshs. 1,750 for sugarcanes and minus Kshs. 300 for the boy i remain with Kshs 2950/= Profit.
About Me
I, completed my primary level in the year 1993, and in the year 1994 I joined high school but due to lack of school fees I dropped out. March 1994 I traveled to Mombasa, I got a Job in a cyber as cleaner that where I worked and trained in computers. Due to my good work and experience, one of my client gave me a used photocopier machine and one computer where I started a small bureau.
My Business
I operate a small bureau, In my bureau I do photocopy and typesetting but the competition is high due to many and well equipped bureaus around. The profit I get from the shop is very low cannot carter for my life expenses. Thats why I,m seeking a loan to upgrade my bureau with more computers and stationery.
Dear Lenders,
I switched to another business of Sugarcane Juice, where by the business is doing very well i do crush 50pcs of sugarcane in one day. One pc of sugarcane sold at kshs. 35/= at our near buy market (Kongowea). 50pcs = Kshs. 1,750/= and when i sell the juice i get Kshs. 5,000/=. I employed a small boy whom i pay Kshs. 300/= per day. It is a good business whereby after my sells which is Total Sells Kshs 5,000 minus Kshs. 1,750 for sugarcanes and minus Kshs. 300 for the boy i remain with Kshs 2950/= Profit.
Dear Lenders,
I thank God and your support for making me be a businessman, This sugarcane Juice business is doing very well, though we operate in a open place using big umbrella to cover us for direct sunlight, But the business is paying thats why i want to add another Sugarcane Crusher Machine to extend my business after getting another good place. The machine costs Kshs. 50,000/= which is equivalent to USD 497. The place we buy sugarcane (Kongowea Market ) they reduced price of sugarcane from Kshs. 35/= to Kshs. 30/= because now i take more than 100pcs a day and i can crush 70pcs a day, thats gives me a good profit of Kshs. 7,000/=. i also added daily payment of my boy from Kshs 300/= to Kshs. 350/= plus lunch of Kshs. 50/= that totaling to Kshs. 400/= per day.
Loan Proposal
The loan am request is for buying another electricity driven machine whereby it will make my work easier and make more money. The machine is sold Kshs. 65,000/=
The business is doing very well i do crush 50pcs of sugarcane in one day. One pc of sugarcane sold at kshs. 35/= at our near buy market (Kongowea). 50pcs = Kshs. 1,750/= and when i sell the juice i get Kshs. 5,000/=. I employed a small boy whom i pay Kshs. 300/= per day. It is a good business whereby after my sells which is Total Sells Kshs 5,000 minus Kshs. 1,750 for sugarcanes and minus Kshs. 300 for the boy i remain with Kshs 2950/= Profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$796.00
Date disbursed
Apr 4, 2017
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
Canada
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Summary
Amount repaid
$795.26
Amount remaining
$0.00
Date repaid
Sep 4, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 16, 2017 | $43.72 | Apr 15, 2017 | $43.72 |
| Apr 23, 2017 | $43.72 | Apr 15, 2017 | $5.96 |
| Apr 23, 2017 | $37.76 | ||
| Apr 30, 2017 | $43.72 | Apr 23, 2017 | $11.92 |
| Apr 29, 2017 | $31.79 | ||
| May 7, 2017 | $43.72 | Apr 29, 2017 | $17.88 |
| May 6, 2017 | $25.83 | ||
| May 14, 2017 | $43.72 | May 6, 2017 | $23.85 |
| May 14, 2017 | $19.87 | ||
| May 21, 2017 | $43.72 | May 21, 2017 | $43.72 |
| May 28, 2017 | $43.72 | May 21, 2017 | $9.94 |
| May 26, 2017 | $33.78 | ||
| Jun 4, 2017 | $43.72 | May 26, 2017 | $5.96 |
| Jun 2, 2017 | $37.76 | ||
| Jun 11, 2017 | $43.72 | Jun 2, 2017 | $11.92 |
| Jun 9, 2017 | $31.79 | ||
| Jun 18, 2017 | $43.72 | Jun 9, 2017 | $2.98 |
| Jun 17, 2017 | $40.74 | ||
| Jun 25, 2017 | $43.72 | Jun 17, 2017 | $2.98 |
| Jun 24, 2017 | $40.74 | ||
| Jul 2, 2017 | $43.72 | Jun 24, 2017 | $6.36 |
| Jul 1, 2017 | $37.36 | ||
| Jul 9, 2017 | $43.72 | Jul 1, 2017 | $2.38 |
| Jul 7, 2017 | $41.33 | ||
| Jul 16, 2017 | $43.72 | Jul 7, 2017 | $3.38 |
| Jul 15, 2017 | $40.34 | ||
| Jul 23, 2017 | $43.72 | Jul 15, 2017 | $3.38 |
| Jul 22, 2017 | $40.34 | ||
| Jul 30, 2017 | $43.72 | Jul 22, 2017 | $3.87 |
| Aug 20, 2017 | $28.81 | ||
| Aug 27, 2017 | $11.03 | ||
| Aug 6, 2017 | $43.72 | Aug 27, 2017 | $21.26 |
| Sep 1, 2017 | $22.45 | ||
| Aug 13, 2017 | $43.72 | Sep 1, 2017 | $17.29 |
| Sep 4, 2017 | $26.43 | ||
| Aug 20, 2017 | $8.35 | Sep 4, 2017 | $8.35 |
Dirk Nov 7, 2018
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