<Ned> Uganda
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Comment by robert oketa
Author: robert oketa (33)
Date posted: Thu, 04 Oct 2007 23:43:23 PDT
Edited: Sat, 06 Oct 2007 18:18:03 PDT
Comment on: <Ned> Uganda: September07loans in progres (0)
Feedback score: 0 +|-
Business name: Okello Morris s` Community water supply.
Location: Industrial area (Gulu)
Partner: We Center Gulu (http://LifeInAfrica.com)
Partner reps: Robert Oketa/Grace Ayaa
Enterprenuer: Okello Morris Barry

Activity: selling Water.
Loan amount: 1,600,000/-shillings.
Loan period:8 months.
Loan discription:
Okello Morris was born in 1989 from Purongo in Anaka sub- county which is found in the new district (Amuru) -Northern Uganda. He is now staying in the industrial area which is within Gulu municipality (Northern Uganda) He completed his Advance level of education in the year 2005 but was not able to attend University due to financial problem.
He is single man but he is taking care of his parents and the younger children in the farmily. Morris has been a member of Life in Africa for over 2 years where he has leaned many things.
Morish is a responsible young man and he has been looking for a business he could start but he also wants to help his community. In his area there are not enough water facilities which causes hardship on the community. His plan is to install a water pipe on his compound where he will be able to sell water to the surrounding area. He plans to also install water tanks so that he can serve them even when the piped water is off and during the dry season.
He plans to sell water at a rate of only 50/= per jerry can during the wet season and 100/= during the dry season. At these prices he will be able to meet the high demand and can earn approximately 450,000/= per month.
To accomplish this worthy endeavor he is seeking a loan in the amount of 1,600,000/=. He will be able to repay this loan in 8 months.
Below is his break down:
- Installing water line......................... 250,000/=
2.Buying two big plastic containers. (Cress tanks)..880,000/=
3.Paying water bill monthly...........................60,000/=
4.Paying 01 worker(Attendant) for 8 month ............360,000/=
- Contigency................... ........................50,000/=
6 .G .Total(U shs)........... ..............,.........1,600,000/=
[Edited by group owner: Evvy Bryning on 06 Oct 2007 18:18 PDT: edited content. final]