Entrepreneur
Name
Samuel
Member since
February 2013
On-time repayments
21 installments • 86%
About Me
Am 33 years of age and married to Ms.Tabitha Wambui,am also blessed with two children whom are all in nursery school.Currently i run a shop at Kona mbaya also am a farmer doing well as this is the business i engaged in since i left the school the business has been doing well and through this farming my first sell as i had planted in three acres of shamba ushered me to a friend who introduced me not only in farming but selling to a good market place while buying from the locals and in stores of the up coming people to this business.Gradually i opened a store whereby i buy many bags in wait of a demand and an arise in the market.
My Business
I have seen farming in substitute of buying to farmers a good business which in near future am planning of buying a lorry to enable me to buy the cereals that i deal with not only from the locals but from wide where in some places other do harvest earlier than our area due to the climate in those regions.
To keep the family and meet other needs i have a shop whereby the goods i buy them from bahati trading centre usin g my motorbike and in other occasions there is a lorry that delivers the goods to its clients at their shops.
When it comes to farming like in the last year i planted on four accres of land i had rented the poiace of this land at a cost of 28000 although it is a big a mount in rental i manage my work well because using an example of last year i was able to harvest 98 bags.
On cereal buying i also buy beans with a bag costing 4000 and sell price at a cost of 4500 this has been easier because i normally use my motorbike to buy them to the farmers and for those near my place they bring them to my shop by themselves.
After running of your respective firm from a friend i have seen it wise to join it as this will give me time in repayment which will be gradual.
Loan Proposal
Am grateful for the goodwill and acceptance which you have given me to your firm.For sure i have managed to buy more sacks of maize and later selling them with a profit.This season as the harvesting was done on December last year with the grains now dry and plenty with the farmers in the store am planing to buy them in plenty to make a good profit to enable me to cultivate and plant on Aprill which will be a season of plantation.
The sack is now selling at 2000-2001 from the farmers whereby we are selling them at 2500-2600.With 48000 i will manage to buy 20 bags later reselling progressively with an aim of making cash to enable me repay the loan and in preparation of the planting season.
Am thankful and be blessed
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Loan Info
Project Type
Classic Loan
Disbursed amount
$565.00
Date disbursed
Jan 23, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Hong Kong, Hong Kong
Tokyo, Japan
Salt Lake City, United States
Gold River, Canada
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