Affordable grocery store

John

Nairobi, Kenya

100% repaid

Entrepreneur

Name

John

Member since

April 2015

On-time repayments

203 installments  •  83%

About Me

Growing up at the foot of the Aberdare ranges, my teacher instilled in me a desire to excel in whatever i do all through my education life i have aspired to do this. Even when odds ad obstacles hindered me i pressed on by working hard in whatever job i found myself in enabling me overcome. With increased demands of life a business seemed a good way to start o. However despite failure i pressed on. You can achieve anything as long as you put your mind to it. this is my motto

My Business

Vermiculture and Purchase of Feed making inputs and Equipment
AS enumerated in different researches Agriculture continues to be an essential sector as it offers food, employment opportunities and income to many people both in the urban and rural areas. The sector is divided into more than one subsector namely; livestock sub-sector, crop-subsector, the manufacturing sector, the service sector among others. All these sectors play a pivotal role in ensuring that the agricultural sector continues to grow. The livestock sector, one of the important sectors, improves nutrition by providing households with eggs, meat and creation of employment opportunities. Small scale poultry farming, an essential category in the livestock sub-sector, can provide positive spiral events that will not only improve the nutrition but also lead the rural households out of poverty. Moreover, it can be used to empower women whose integral role in farming households of bearing most of the responsibilities for household food security and income is crucial. Interventions aimed at improving smallholders and especially women capacity to produce poultry places them at a pivotal position to play a great role in meeting food demand.
Main challenge is feed production and utilization
The loan is intended to purchase feed making inputs and equipment. These will be used in starting up a small feed production center combined with training smallholder farmers on the use of insects and worms as important supplements to poultry production as well as the economics of production especially for small livestock such as poultry. The funds will also be used to set up a mini demonstration site on insect rearing to help the farmers learn how to rear the insects for poultry feed and where excess sell to the other poultry farmers.
Revenue comes from training cost, sale of mini-kits for insect rearing and sale of the manufactured feed to smallholder farmers at an affordable price.

Loan Proposal

Growing up at the foot of the Aberdare ranges, my teacher instilled in me a desire to excel in whatever i do all through my education life i have aspired to do this. Even when odds ad obstacles hindered me i pressed on by working hard in whatever job i found myself in enabling me overcome. With increased demands of life a business seemed a good way to start. You can achieve anything as long as you put your mind to it. this is my motto
Grocery stores play a crucial role in our communities. This is because it provides vital sources of nutrition from the variety of products offered, provides jobs and tax revenue that support the community and its development. Moreover, grocery stores are also economic drivers, community builders and meeting places for the community members.
Among items on sale are Potatoes, tomatoes, Arrowroots, Bananas both green and ripe. I intend to grow the business to encompass all vegetables and fruits enabling customers make a one stop at my stand for all their vegetable and fruit needs. The demands of a busy environment also calls for adding value of the products to meet the upcoming needs such as healthy juices, organic products and much more.
The Business items to be bought include
1. 1 bag Potato $60
2. 1 Crate Tomatoes $40
These items will generate a 40 percent interest creating a potential re-investment channel for the business

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

May 29, 2015

Repayment status

On Time

Projected term

8 weeks

Lenders

PG

Paul Graham

United States

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