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<Ned> Uganda

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Comment by Ndelo Peter

Author: Ndelo Peter (85)
Date posted: Mon, 24 Sep 2007 06:19:37 PDT
Edited: Fri, 28 Sep 2007 13:40:07 PDT
Comment on: <Ned> Uganda: September07loans in progres (0)
Feedback score: 0 +|-

Business name: Amos's Quarry.

Location: Acholi quarters (Kampala)

Partner: We Center Kampala (http://LifeInAfrica.com)

Partner reps: Ndelo Peter/Grace Ayaa

Entrepreneur: Ojok Amos

picture:

http://farm2.static.flickr.com/1386/1427676432_0690c7ba58.jpg?v=0

Activity: employing labors

Loan amount: 250,000/=

Loan period:3 months.

Loan discription

Ojok Amos is an Acholi by tribe; He came to Kampala from Pader districts of Northern Uganda due to wars in the region making it unsafe to stay in his village. From Northern region he settled in Banda Acholi Quarters Kampala where he started working in the stone quarry. He later was brought by his friend to join Life in Africa and started making paper beads and also got a job as a security guard. According to him, his life has changed to good.

Amos’s stone quarry is now in high demand. There is a lot of construction and renovation in Kampala and the gravel needs are large. So, he wants to double his profits by producing more trips. He used to produce get 90,000/= as a profit from two trips per month and he has saved 200,000/=. He is requesting a loan for 250,000/= to add to his savings to expand his business to four trips per month. He will be able to repay this loan in 3 months.

Below is his budget:

-Extraction ……………………. 160,000/=

-Breaking ………………………50,000/=

-Carrying out of the pit…………50,000/=

-Crouching to aggregates ……….240, 000/=

Total …………………………….500, 000/=

[Edited by group owner: Evvy Bryning on 28 Sep 2007 13:40 PDT: edited content. this is final]

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