Cereals increase at my shop to meet the high deman

Samuel

Kona Mbaya, Kenya

Expired

$362 to go

35% funded of $557 goal

0

days left

Entrepreneur

Name

Samuel

Member since

February 2013

On-time repayments

21 installments  •  86%

About Me

Am 33 years of age and married to Ms.Tabitha Wambui,am also blessed with two children whom are all in nursery school.Currently i run a shop at Kona mbaya also am a farmer doing well as this is the business i engaged in since i left the school the business has been doing well and through this farming my first sell as i had planted in three acres of shamba ushered me to a friend who introduced me not only in farming but selling to a good market place while buying from the locals and in stores of the up coming people to this business.Gradually i opened a store whereby i buy many bags in wait of a demand and an arise in the market.

My Business

I have seen farming in substitute of buying to farmers a good business which in near future am planning of buying a lorry to enable me to buy the cereals that i deal with not only from the locals but from wide where in some places other do harvest earlier than our area due to the climate in those regions.
To keep the family and meet other needs i have a shop whereby the goods i buy them from bahati trading centre usin g my motorbike and in other occasions there is a lorry that delivers the goods to its clients at their shops.
When it comes to farming like in the last year i planted on four accres of land i had rented the poiace of this land at a cost of 28000 although it is a big a mount in rental i manage my work well because using an example of last year i was able to harvest 98 bags.
On cereal buying i also buy beans with a bag costing 4000 and sell price at a cost of 4500 this has been easier because i normally use my motorbike to buy them to the farmers and for those near my place they bring them to my shop by themselves.
After running of your respective firm from a friend i have seen it wise to join it as this will give me time in repayment which will be gradual.

Loan Proposal

Firstly i will thank you so much for the past loan you have given un to me and helping me to make a good reputation ahead of my competitors.With the last loan i managed to buy 12 bags of dry beans sacks of 90kgs.each sack had costed me 4000 and later i sold at 80 per kg fetching a good return of 3200 as profit.This was because on april was a planting season and i managed to stock in waiting for this season because most of the farmers goes after .
On the store i have variety of cereals like sorghum, wheat,maize and millet for which i supply at wholesale and retail to my clients.Lately i have been un able to meet the orders that i receive from my clients .With your help i will be able to increase the stock to meet this demand.

Feedback

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Loan Info

Project Type

Classic Loan

Amount requested

$557.00

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