50 installments • 30%
Am said kabwere .I was born and grew up and live in Busia town. I schooled at Eldoret Muslims high school .
after school I started a business of selling cereals from farming homes and selling them to at the market on my own .the business to help me and my mother to keep life going on .from these business I have been able to pay may fees since my mother has been having a challenge of life.i was able to start business from my small pocket money had saved plus the support from my mother and the soft loan got from my uncles I started these while I was in form 4.
I started the business with ksh.15,000 which I started t with 4 sucks of maize at 2,500 I did these at Matayos market .after school I had raised enough money that I was able to get to town and secured a place busia market . I had a lot of customers that encourage me and know am proud because I know by maize from Kenya and sell in Uganda market .
Currently I have a stock worth 100,000 which is so impressive to me which has give the hopes of getting these loan to so as to increase my stock .
I started the business so as to create job opportunity after school and to be able support my family.
I Am a clearing and forwarding agent at the Busia border with ramsford company .apart from that I buy and sell cereals from Kenya to Uganda sofia . my office located at the border at busia communication house on grown flow the last door.
I sell maize, beans and green grams .The demand is high the fact that Busia is situated in Kenya Uganda border so most of my customers are those who want to cross the border especially those who clear the vehicles and these their people who works here in town.
My business is profitable because I have so many customers so the more I serve the more i earn especially those from schools . The challenge am facing is just lack of capital to expand my business the demand is high than I have. and also to get a bigger store for my goods.
My monthly usage is as follows KES 80,500 transport ,KES 600,000 for the stock ND 200, 000 for other expenceses like buying sucks .profit ranges from KES 40,000-45,000 per month. The loan i will used to modify my business and its the business that will repay the loan. And with these I will be able to support myself and family with less stress.
i thank the zidisha for giving me these great chance of being able to apply this second loan. Through the loan i have been able to run my cereal business well .i have been able to conquer much of my challenges in my business i have been able to acquire more customer since I have been able to my goods ready at all times that have been so because the zidisha boost they gave me at first. i have been happy because of the full support u the zidisha are giving me. I will get more cereal for these season since is holiday I Kenya and the need of the beans and other cereal will be high hence I will need a bigger stock since I have high hopes I will sale my goods. i will get been for 50kgs @ 10000/=5 bags of green-grams for 50kgs 8000/= maize 10 bags 70kgs at 20000.my business has been doing well since I have been able to get constant buyers who run different business some care these from fishing farms who have these maize gridded for their fish as food.
Apr 21, 2014
Cost to entrepreneur
Lender interest: $375.18 at 4.20% annual rate over 8 months = $11.21
Service fee: $9.43