Entrepreneur

About Me

I am a man aged 50years with a wife and now 5 beautiful children.I am a businessman, runing a shop at mitimingi trading centre. I deal with consumables and non consumables. Zidisha team and the lenders have assisted me so much and improved my standard of living and that of my family. With profits from loans granted, i have taken my children to good schools and three of them are in universities now a proud to say my firstborn born daughter graduation is this December. Thanks
to zidisha lenders and entire for regular and timely loans over the years. I need another loan to boost my business and repair my vehicle which i use to transport goods at my shop.

My Business

my business deals with selling both consumable and non consumable goods. this includes food stuffs, farm inputs(fertilizers, seeds), farm tools(hoes, spades, axe), animal feeds. this business also include a boutique. the business is worth kshs 200000, and approximately makes a profit of kshs 15000 every month after paying all the bills and paying a salary of kshs 10000 to my employees. challenges in running the business are, counterfeit goods in the market but cost like the genuine good but of low quality, change of fashion, unpredictable change of foods stuff prices, high competation, poor infrastructure eg poor roads during rainy season leading to high cost of trasportion.

Loan Proposal

As we are in the beginning of the year most farmers in this area are preparing their land for the planting season, I am planning to stock my business with all kinds of farm inputs, this includes DAP fertilizer and maize seeds. I have budgeted for 100 bags of 50kg of DAP fertilizer, 100 bags of 10 kg maize seeds. One 50 kg bag of DAP fertilizer is approx kshs 2500 and one 10kg bag of maize seeds is approx kshs1000, this will approximately cost me kshs 35000,currenly I can raise kshs 200000. i hope to make a profit of kshs 100000 between the months of Mid February to mid April (the planting season). i will use this capital in the months of June - august to buy the ready crops for harvest ie beans at low price and resell in the months of november- january 2012 when the price is usualy high, and the cycle starts gain

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