Add more cereals to my kiosk

John

Eldoret, Kenya

100% repaid

Entrepreneur

Name

John

Member since

October 2015

On-time repayments

53 installments  •  49%

About Me

I was born in Eldoret in Uasin Gishu County 30 years ago. I grew up with a greater ambitions of becoming an engineer.But what went wrong with this dream?
I started my primary education there and eventually completed class eight with a certification of Kenya primary school Education.
Having passed with a flying colors at primary level,I joined a local secondary school due to financial challenges,where I began to explore all the subjects that could eventually decide whether I could become an engineer in future or not.
In 2007,I completed my high school and passed with credit of B but could not join university to do engineering,instead I decided to become an entrepreneur doing some small scale business of selling groundnuts.Due to many challenges I encountered in my fours years of selling groundnuts especially the financial challenges at home, the few profits I had earned enabled me to venture into selling cereals.

My Business

As I have fore mentioned already in my profile, I currently deal in selling of cereals specifically dry maize and beans.
Eldoret town being the headquarters of Uasin Gishu county,The residents here do not engage in farming,but depend on farm products for food,so they have to pass by my kiosk to buy some cereals.This has made it worthwhile to sell my cereals at a friendly prices which makes my stock to move very fast.
My current business is worthy 100dollars.I ventured into this business after fours years of good interaction with my groundnuts customers and fellow business men and women who frequently gave me advice's and ideas to run such business and also supported me to start it.
So far I have made a profit of 80dollars within my three month of operation,I anticipate that these will grow up to at least 120 dollars profit. I intend to use these profit to pay school fee of my two kids and also help my aging parents.The remaining profits I will save for my college fee which I will join later to do a business course.

Loan Proposal

Dear Leaders as I have underscored above I currently have some savings that I made after a long period sell of groundnuts that enabled me to start and revamp my current business of cereals.
I therefore need to add more cereals.Therefore all the monies raised here I will add to the savings I have so that I can add a comprehensive stock that can go along way in earning me huge profits.
From what am anticipating I can get profits of up to 4000 on a daily basis that's after selling a bag of maize as well as well a bag of beans,but am giving it a grace period of up to two months to gain the ground.
In a nutshell, all the 96dollars that I will raise here will do towards adding more cereals to my kiosk.
Kindly help me achieve it

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 25, 2016

Repayment status

On Time

Projected term

7 months

Lenders

The Zinc Team

San Francisco, United States

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