Maize storage and sales

Entrepreneur

About Me

I am 23 years old a student at kisii university college studying commerce and business. I joined campus in the year 2010 and know i am in fouth year, determined to do my level best and graduate next year 2014. I completed my kcse certificate in the year 2009 in the local district school called litein boys high school. I passed very well and scored a good grade of B+ and this enabled me to secure a commerce course in university. My parents live in a village called Kapsimbeywo, Keringet Division Kuresoi South in Nakurru county. They are peasant farmers and i am proud of their hardworking which see me and my other young siblings in school. I am a first born son of seven. Currently being a student i am an entrepreneur too, running a small income generating project to help my parents pay school fees.

My Business

I am operating farming business activity at our local village where i grow potatoes and sell them on harvesting to local markets and community members. I started this farming activity 10 months ago when i realised the potentiality of the business. My parents gave me 1/2 acre piece of land when i requested them to support me in taping this opportunity. The cost of production goes upto ksh 15000 which i got them from friends and well relatives. The maturity period of this potatoes crops takes exactly three months upon when uprooted i sell to local markets. The total output of this piece of land goes to upto 40 sags and each sag cost ksh 4500 in local markets. I get seasonal laborers from local people whom i pay them in hourly rate. The challenge i am facing is market fluctuating price and climatic change which adversely affect the production. Another main challenge is accessibility of funds to run this project. If get help and financial support i will expand the farming business to further increasing the piece of land to more acres.

Loan Proposal

hallo zidisha team,with the loan you are going to lend me,i will buy maize grains which are currently selling at shillings 15 per kilo.this is because harvest of the maize is currently taking place in my local area,and therefore then low price.the amount which you will lend me will be able to give me over 500 kilos of maize grains which is equal to 6six 90kgs sack.i will incur only ksh.1000 to rent a small duka ,which i will use it as a store.
the price will rise within two weeks as a result of external buyers,who some will come with lorries,others with donkeys causing the price to rise may be to shillings 25 per kilo.this will be favorable to me because i will have made a good profit not less than shillings 4000.
i therefore submit my humble submission to you so that you may finance me in time before other competitors flood the local market.at the moment i have a small amount of which i will start creating awareness within locals that am buying the maize grains,and when i receive the zidisha amount i will expand to other markets.thank you

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