Cereals business

Pauline

Churo, Kenya

33% repaid

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How it Works

Entrepreneur

Name

Pauline

Member since

February 2015

On-time repayments

10 installments • 20%

About Me

I amPauline Aratich. i was born and brought up in a family of six children and I am the first born among them. When I completed high school in 2009. i could not continue with further studies since my parents who are peasant farmers could not raise the money to support me college education and at the same time Educate my younger siblings.
I thought of giving up in life! but then my pastor encouraged me not to throw the towel like that! he encouraged me to start a small retail business with a small ''chama'' welfare group loan which I was a member. i borrowed KES10,000(Ten thousand). This is how I started this business which grew into a shop as at now. I was able to partly support my parents pay my siblings school fees. but just a little because the capital is still low.
I like doing shop retail business and given support I am sure the experience I have as a woman, I can go places business wise.

My Business

This is a shop keeping business based in Churo town, I sell all types of consumables, from the cereals I started with to packed milk,soaps,and house utensils. but for now I want to focus mostly on cereals because there is very high demand, since last year people did not get any harvests from the farms, so many people are purchasing for home consumption. The neighboring boarding schools have also expressed their need for someone to supply cereals for their students/pupils for 4 months consistently and they have quoted a good price. The cereals include ;millet flour(for porridge,maize flour,millet,sorghum and dried cassava flour).
I travel to Nakuru Wholesale market regularly and purchase the items in bulk at a fair wholesale price and when I come back home, I pack them in small quantities to sell them in retail. I make a an average profit of 30-40% per item depending on scarcity and demand. I like this business and I really need support to soar ahead

Loan Proposal

with ksh 9034, I will use it this way:
Ksh 8000 I want to purchase 100kgs pure millet flour @ksh60 (wholesale)per Kg and sell it at Ksh100(retail) per Kg making a profit of Ksh4000 .
sorghum flour mixed with dry cassava flour ;40kgs@ksh50per kg(wholesale) and sell it at Ksh90per kg(retail) making a profit of ksh3600 .I believe that when i repeat this trading more than once. my net profit will increase while I am comfortably able to service the loan.
please consider it.