Add more stock to my eggs depot
Anthony Ludeki
Kabiria, Kenya
13% repaid
Entrepreneur
Name
Anthony Ludeki
Member since
January 2015
On-time repayments
323 installments • 73%
About Me
I was Born in Lumakanda Village of Lugari Sub county, Kakamega County 30years ago. I grew up with a bigger vision, a bigger mind, a dream to becom a medical surgeon in this region of East and Central Africa. But wait, what happened to this great dream?
I started my Primary education there and eventually completed class eight with a certificate of Kenya Primary School Education(KCPE)
In 2001, I joined a local secondary school where I began to explore all the subjects that could eventually decide whether I could become a medical surgeon in future or not.
In 2004, I completed my High school and passed with credit of B+ but could not join university to do Medicine, instead, I decided to become an entrepreneur doing some business of raring Chicken and selling eggs at the same time. I eventually caught up. Imagine I started with one chicken, but by the time I was selling the stock that I had last December, I had 3000 Hens.I now decided to venture into Entertainment Business where I sell movies, cassettes, dvds and Cds of all kinds and latest arrivals in the cinema industry.
My Business
I currently duplicate and sell original movies, latest arrivals in the cinema industry, both DVDs and CD, of the latest Gospel and secular songs and TV series. I also run a video show where I show movies apart from selling them. Currently the generation that surrounds the environment where I stay is youthful.I mean 70% of my neighborhood consists of the youth who like watching such things, therefore its very worthwhile to sell them at affordable prices.
Through the Zidisha loans that I have raised first and second, my current business is worth 50,000KES.That's the movies and the video shows. So far I make a profit of 2000KES daily.
I intend to use these profits to revamp my retail shop that I began one week ago from the savings I had made from my business, save for my driving school fees that I intend to start earlier next year(2017) and also use it to take care for my family.
Loan Proposal
Dear lenders from my profile I run a business of purchasing and reselling eggs both whole and retail.
With the motorbike I purchased courtesy of Zidisha loan that I have concluded repaying,it has increased my daily sales since am using the motorbike to supply eggs to customers.
Since I have been operating with less capital this has been a challenge to my business since many a times I have been failing to supply all my customers with eggs.
Even though having enough capital has been a big challenge to my business,in other way to me it was a motivating factor to clear my loan so that I can apply for the next loan that I will use to boost my business.
Lenders the loan am going to raise here of 1040 US dollars am going to add with the capital I have now and add more eggs to my depot which will help me meet the demand of my customers.
This will enable me to even increase or double my daily sales thus increasing my profits.
The profits I will use it to reinvest into my business,to repay the loan and also pay wages to my two cousins who helps me to do sales.
Kindly help me achieve this.
About Me
I was born in Lumakanda village of Lugari subcounty , Kakamega county 28 years ago. I grew up with a bigger vision, a bigger mind, a dream to become a medical surgeon in this region of East and Central Africa. But wait , what happened to this great dream?
I started my primary education there and eventually completed class eight with a certificate of Kenya Primary School Education (KCPE).
In 2006,I joined a local secondary where I begun to explore all the subjects that could eventually decide whether I could become a medical surgeon in future or not.
In 2009 I completed my high school and passed with credit of B plain but could not join university immediately to do medicine instead after two years I joined university (2011)and did a course in Bachelor of Arts - Sociology at moi university Eldoret until 2015 - September when I graduated with a second class upper Division.
Today am a holder of a bachelor degree in social sciences Sociology.
Since the rate of Unemployment and especially we the youths is very high here in Kenya and this has made the few opportunities available to be marred with a lot of tribalism, nepotism and corruption thus getting a job here in Kenya is a nightmare and especially to us who were raised and nurtured from a humble background families.
My Business
I begun my business immediately after graduating in 2015.
I ventured in duplicating and selling of original movie's in Kabiria Nairobi courtesy of my first loan from Zidisha and a few savings I had by then.
But due to high competition and hence few market for my business I relocated to Malaba border where I ventured into a new business in the year 2016.
From the savings I had I was able to start selling of cereals and later started a retail shop but later I did away with retail shop since the stock was moving very slowly I replaced it with eggs
Being a town majority of the residents don't use swifted maize flour since it is very expensive compared to buying of maize and taking it to a nearby posho mill for grinding. This makes my sale of maize to flourish.On eggs I import them at cheaper price from the nearby Country Uganda at a cheaper price and sell them at relatively fair prices at wholesale and retail.This has highly made my stock to move very fast hence making good profits.
Through zidisha financial support today my cereal business is worthy 300 US dollars and my eggs business is worthy 150 US dollars.
So far I make a profit 10US dollars daily.
My profits I always use some to reinvest into my business, repay my loan at zidisha, some to pay for my bills,rent and licenses.The rest I use it for upkeep of my family.
Loan Proposal
Dear lenders from my profile I run a business of purchasing and reselling eggs both whole and retail.
With the motorbike I purchased courtesy of Zidisha loan that I have concluded repaying,it has increased my daily sales since am using the motorbike to supply eggs to customers.
Since I have been operating with less capital this has been a challenge to my business since many a times I have been failing to supply all my customers with eggs.
Even though having enough capital has been a big challenge to my business,in other way to me it was a motivating factor to clear my loan so that I can apply for the next loan that I will use to boost my business.
Lenders the loan am going to raise here of 1040 US dollars am going to add with the capital I have now and add more eggs to my depot which will help me meet the demand of my customers.
This will enable me to even increase or double my daily sales thus increasing my profits.
The profits I will use it to reinvest into my business,to repay the loan and also pay wages to my two cousins who helps me to do sales.
Kindly help me achieve this.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,028.64
Date disbursed
Sep 9, 2019
Repayment status
Late
Projected term
28 months
Cost to entrepreneur
Service fee: $40.83
Credit risk payment:
$163.35
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nicole Aug 29, 2019
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