Buy a bull for slaughter and sell for more profit
Francis
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Francis
Member since
February 2015
On-time repayments
150 installments • 9%
About Me
Am Francis Kadhua Mwaringa, Born 29 years ago in the Coastal county of Kilifi.Am married and we have a boy. I grew and was brought up in a village called Mazeras at a time when my both parents were struggling at least to put a food on the table while at the same time looking for money to educate me and my other elder siblings. Am the last born of five, three girls and two boys.
My four other sisters and a brother didn't perform well in education while it was my only chance to study hard and help my parents who were aging. I joined class one in a local primary school and after eight years, I completed and attained a Kenya Certificate of Primary Education. I later joined a local secondary school and went through to fourth form and scored average grades.
I could not join college due to lack of funds but worked hard doing menial jobs to earn a living. One time I read a news paper that Nakumatt, one of the leading Retail Supermarket was recruiting, I applied and later was called and passed the interview, i joined there as a clerk. It is from here that I started my business of selling Meat at our residential place.
The community where I come from, The Mijikenda, we love Swahili and the slang there is totally different from any other Kenyan from any part of the country. so whenever somebody from other parts of the country comes down to Coast, we refer to them as watu wa Bara(people of up country).
My Business
My business deals with buying fresh beef and pork form the abattoir at a whole sale price and then selling it in my residential area at a retail price. This is a great business because it earns me a lot of profit. In my residential place, people staying here are of moderate living therefore meat is consumed and this is by the fact that not many people sells meat.
For instance if I buy a meat worth five thousand Kenya shillings, the total selling cost will be Kes.12000 meaning I get a profit of Kes.7000. That is why I am happy with the business.
In fact the profits that I get from this business helps me to pay some rent for the business house, am also paying for the piece of land that I have purchased through this business.I thank God.
Loan Proposal
Dear lenders,
As already mentioned above, my business is typically buying beef and pork from slaughter house at a cheaper price and selling them for profit. But I have decided to start doing it differently by buying my own animal,taking them to be slaughtered at a fee then transport my own meat for resale. This, will earn me maximum profit unlike when I buy already slaughtered meat.
The typical costs will be as follows;
One big bull@ Kes 20,000
Slaughter cost @ Kes 2000
Transportation cost@ 1000
Anticipated ProfitKes36000- 43000.
I know you may wonder where I will get all this money from and yet am seeking to raise only 100dollars equivalent to Kes9000. This is how I will do it.
I already saved Kes 15000 for the same purpose, so the Kes 8000 am raising through zidisha will be added to Kes15000 making a total of Kes23000, which is all I need to get this animal and improve my business. Kindly support me in this venture.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 19, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Bremen, Germany
New York, NY, United States
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