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Comment by Okello Morris Barry

Author: Okello Morris Barry (20)
Date posted: Mon, 01 Oct 2007 01:03:05 PDT
Edited: Fri, 05 Oct 2007 02:25:15 PDT
Comment on: <Ned> Uganda: September07loans in progres (0)
Feedback score: 0 +|-

Business name: Hellen Ojara quarry

Location: Laroo Quarry

Partner: http://LifeInAfrica.com (WE center Gulu)

Partner Rep: Okello Morris Barry and Grace Ayaa

Enterprenuer: Hellen Ojara

http://farm2.static.flickr.com/1235/1489060682_864c86d02c.jpg?v=0

Activity: quarrying

Loan use: paying labour

Loan terms: 3 months

Loan Amount: 250,000/=

Loan description:

Hellen is an active member of Life in Africa. She has five children of her own and is also keeping six orphans. Originally she lived in West Nile at a village called Panyigoro where the husband stays.

She works very hard to provide for her children. She labors in the rock quarry and she also participates in the Life in Africa bead making program. Becoming a member of LiA has made life much easier for herself and her orphan children. Three are in school and these school fees are always a big challenge to meet. Her income is just never enough to provide all that they need.

She has a lot of experience in the rock quarry and if she starts her own small business instead of working for someone else, her income will increase. She could easily show a profit each month of 125,000/= which would allow her children to continue in school

In order to start this, she is seeking a loan in the amount of 250,000/= to cover the expenses and labor of this business. She will be able to repay this loan in 3 months.

Below is her budget:

Extraction..3 trips.................90,000/=

Breaking............................20, 000/=

Carrying out from the pit...........30,000/=

Crashing into smaller pieces........96, 000/=

Emergency ..........................14,000/=

Total..................................250,000/=

[Edited by group owner: Evvy Bryning on 03 Oct 2007 08:28 PDT: edited content. This is final]

[Edited by group owner: Evvy Bryning on 03 Oct 2007 08:31 PDT: sorry, needs photo]

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