Add more cereals in my store

Elizabeth

Elburgon, Kenya

18% repaid

Entrepreneur

Name

Elizabeth

Member since

August 2014

On-time repayments

125 installments  •  18%

About Me

I am Elizabeth Didimo a mother of five and a grandmother of one,three daughtours and two son and grandson.I do not have much education beyond primary level because my father discriminated girls from going to school and he only educated his sons something that is hurting me to date simply because my husband used to abuse me that i am not educated.But i thank God always for giving me knowledge and luck in business doing and i do the business for servival.I am a christian by religion and i am saved i serve Jesus christ.
I am also a leader in my church and choir member.I like singing so much especially worship songs.
Beside that am also living with my brother's childrens,they are ophans and were left in my hands.

My Business

I am in the business of cerial buying and selling.My products are maize grains,beans and millet but my main product that i buy and sell in bulk is maize followed by beans.During harvesting season i always stock maize of upto $ 1000 and beans $500.I stock this products during harvesting season because during this period farmers do sell them at throw away price then treat to preserve and store for two to three months and sell when the price had increased by 70% giving a profit of almost 60%.
My business is much profitable but we have only one challege which lack of enough capital and timing,meaning during harvesting you should have enough money to do purchase.If i get zidisha loan i hope this challege will be resolve.

Loan Proposal

Thank you very much for your support.My first loan was not that much but now have tried my best and now am able to raise the second loan that will help me now to grow my business.This how i plan to use my loan now

At the moment the price of maize is down because the government have just release maize from the national cereal and produce board .2 kgs tin(gorogoro) is ksh 60 and in one month time it will increase to ksh 80.Now i will use $ 120 to purchase 190 tins (gorogoro)of 2kg each which is equivalent to 4 sacks of 90 kgs each.Each tin i will be making a profit of ksh 20.So 190*17 equal to $60 profit.
This loan will improve my life because the profit i will get,my childrens and grandchild will have something to eat and go to school too as i repay the loan in bit.Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$106.00

Date disbursed

Jun 2, 2015

Repayment status

Late

Projected term

26 months

Other loans

Lenders

PG

Paul Graham

United States

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