Buying maize

David Musee

Mombasa, Kenya

100% repaid

Entrepreneur

Name

David Musee

Member since

December 2014

On-time repayments

214 installments  •  77%

About Me

My name is David Musee, born and bred in Machakos County near Nairobi. I was a born in a family of seven and I am the first born. Machakos is a semi arid area and the main activity there is cattle rearing. Due to the harsh climatic conditions the pastrolists keep poor quality indigenous breed and they don’t make much from this activity.

I spent my childhood looking after by father’s cattle as was the norm them. I also attended school for my primary and secondary school before moving to Mombasa in an effort to break the yoke of poverty back home.

I came to Mombasa about 25 years ago and I was lucky enough to get a job in a food processing factory. I worked there for 11 years while making savings and learning skills that would come in handy when I started a similar business of my own later.
I am happily married with three children all who are in school.

My Business

My business deals with selling of food spices, food colors and flavours. I have been running this business for a long time and I do it with help of my brother, my wife and some casuals. I buy spices like cumin, cloves, pepper etc from farmers then dry and later ground them to fine form for sale to wholesalers and retail outlets.

There is always a ready market in Mombasa due to its large population of locals who like to put strong spices in their delicacies. There is also a huge market in the neighboring countries but I am yet to venture there due to financial constraints which have limited me to just serving the local market. I hope to create confidence with Zidisha lenders and with time get a good enough credit to enable me expand my business territory.

I make a net profit of $400 per month but this can easily go up if I am given a financial credit backing which I have lacked for a long time.

Loan Proposal

As mentioned in one of my previous posts, I want to venture into maize selling business to supplement my income. This has been made possible by the recent success I made in my spices business and I now feel it is high time I diversified my business.

Maize is the most common food in Kenya and I have contacted two schools who have shown serious interest in buying this product from me. If given this money, I will spend it to buy 10 bags of maize (one bag cost around $30) and then sell the same mainly to schools. I prefer dealing with schools since the payment is always guaranteed.

My past experience will come in handy when doing this business. I will mark up my price at 20% profit.

Feedback

1

None

None

  • harriet    Mar 29, 2018

    Very speedy repayment!! All the best in your tasty future! :) i like chilli sauce.

    Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$368.56

Date disbursed

Jan 28, 2015

Repayment status

On Time

Projected term

19 months

Cost to entrepreneur

Lender interest: $368.56 at 5.51% annual rate over 19 months = $32.64

Service fee: $21.89

Lenders

W

WilsonLending

Atlanta, United States

S

snowcrystal86

New York, United States

R

Raabo

Rungsted, Denmark

José Antonio

Carapicuíba, Brazil

T

Tallago3

Munich, Germany

Zidisha

Sterling, United States

M

mogensh

København V, Denmark

Susanne

Freising, Germany

B

briansedz

Canton, Ohio, United States

J

jasonbronowitz

Tempe, United States

Boysenfam

Boulder, United States

DLarson

Morris, United States

D

duckdork

De Forest, United States

D

davide

Vallentuna, Sweden

Jouni

Finland

S

silsley

Cheltenham, United Kingdom

V

Valis

Singapore, Singapore

Ric

San Joaquin, Philippines

D

dpvidal

Eindhoven, Netherlands

ibc123

Seattle, United States

B

Baldnerd69

Cross Plains, United States

T

thebonseung

Republic of Korea

C

chrishol

United States

F

FSO

Canada

mepster

San Francisco, Ca, United States

P

PeterDG

United Kingdom

J

JonAlec

United States

D

Desteli

United States

T

tehmle

United States

H

Heath

United States

A

afrakhan

United Kingdom

C

Cristi018

Puerto Rico

S

satheajay

United States

Andrew267

Birmingham, United Kingdom

E

egines

United States

S

seanos

Nottingham, United Kingdom

M

Madtowner

United States

J

Jack123

United States

RJ

Ryan J Cotton

United States

KM

Kirsty M

United Kingdom

J

Joe

United States

Frank Termathe

Frankfurt Main, Germany

D

Doug

Baltimore, United States

MJ

Matt Jenkins

United Kingdom

Cathy

Melbourne, Australia

AL

Austin Long

United States

Humble Bundle Community

San Francisco, United States

Ask David a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...