More bags of maize and beans

Ruth

Nakuru, Kenya

1% repaid

Entrepreneur

Name

Ruth

Member since

August 2017

On-time repayments

114 installments  •  13%

About Me

my name is Ruth, I am the first born in a family of eight. i was born in a humbIe family and am a form four leaver and i passed with good grades but was unable to continue my studies due to financial challenges .my parent were not able to pay my school fees. I decided to do business to help my parents in providing for the family and also in educating my siblings

My Business

I do supply cereals like maize and beans to schools, institutions, and milling companies. I take my products from farmers at a lower reduced price that is at $20 per bag of maize and sell them at least at 30%profit and sometimes even more.and $ 12 for a bag of beans and sell at $20 making a profit of $8 through this I have been able to pay school fees for my siblings and help my parents in their daily needs

Loan Proposal

with the help of zidisha family I plan to use this loan to expand my business. I realize that their are more demands of my products in schools, hotels, hospitals and individuals. i will buy 5 bags of maize at $100 and sell them at $150 making a profit of $50 also i will buy two bags of beans at $20 and sell them at $40 making a profit of $20 I already have orders waiting to deliver so I know I will not let down my lenders. the profits from this business will help me in paying my siblings school fees and even growing my business

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$125.00

Date disbursed

Jan 23, 2018

Repayment status

Late

Projected term

23 months

Lenders

John Minges

United States

Ask Ruth a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...