Kenya

Storage and distribution of local grains and peanuts


This Loan
73% Repaid


Disbursed Amount: $229.09
Date Disbursed: Jun 10, 2017
Repayment Status: On Time
Repayment Frequency: Weekly Projected Term: 2 months
Cost of Loan: $11.45
Show Cost Details

Cost of this loan

Service Fee: 5% of $229.09 = $11.45


Story
About Me

Hi. My life has been interesting and full of hardships. I had to quit school for a year due to a lack of school fees. I was then able to work as a herdsman for a year to raise school fees.

The struggle continued upon joining university, where I paid school fees for myself by hawking roasted and fried peanuts, both cooked from the school hostel. I was lucky enough to get supply contracts in some nearby supermarkets such as Uchumi, Kenya and other local supermarkets.

I quit this business after finishing higher education and invested in a long-term retail shop at a local area, which has the capability of operating 24 hours, and I have been able to employ two people who work on shifts. I am currently an employee in a cybersecurity company and happy about it.

My Business

I currently want to invest in roasting peanuts and selling wholesale, and also begin cereals stores. Here I will sale maize, beans, peas, green grams, lentils, wheat, maize flour, and many more varieties.

I have realized in my local area that there is a market gap and hence the demand. I have the skills for sales and marketing and prior experience for the same. I am now going to flood the market with these high quality products I will be making on my own and also purchasing in the nearby local markets.

Peanuts roasting in Kenya is a big business if given the attention required. I will continue expanding the business to employ youth to be sorting the chaff and also for quick delivery to the nearby hotels for local use.

Loan Proposal

I intend to buy 50 kg bag of raw peanuts for roasting at US $1.50 per kg. This sums to US $75. I expect a profit of at least US $70 from them, which I will use to reinvest in the business and also pay rent for my living house of US $40 and my shop at US $15. I will buy a meko (cooking gas) at US $41 and a bigger sufuria (cooking pot) at US $5 for roasting the peanuts. I look forward to stop using the charcoal jiko. This will help me serve my customers well and not to miss special orders.

I will then start cereal stores with beans, maize, maize flour, wheat, rice, green grams, peas, green peas, lentils, sorghum, millet, and brown rice. I will buy:
* beans 20kgs at Us$ 16 at Us$ 0.8 per KG
* maize 20kgs at Us$ 10 at Us$ 0.5 per KG
* maize flour 20kgs at Us$ 10 at Us$ 1 per 2 kg
* wheat 20 kgs at Us$ 20 at Us$ 1 per KG
* Rice 20kgs at Us$ 16 at Us$ 0.8 per KG
* green grams 20kgs at Us$ 30 at Us$ 1.5 per KG
* peas 20kgs at Us$ 32 at Us$ 1.6 per KG
* green peas 20kgs at Us$ 26 at Us$ 1.3
* lentils 15kgs at Us$ 24 at Us$ 1.6 per KG
* sorghum 20kgs at Us$ 24 at Us$ 1.2 per KG
* millet 20 kgs at Us$ 32 at Us$ 1.6 per KG, and finally
* brown rice 15kgs at Us$ 22.5 at Us$ 1.5 per KG.

The estimated total cost of all these cereals is US $262.50 and I estimate at least US $20 for the transportation cost. I will supplement the extra amount with my monthly salary. The estimated profit is US $100 in a month. The exact prices will be provided when I buy the products, since Kenyan goods change prices on a daily basis depending on demand and supply.

I will not have extra shop rent since it's just a business I am adding on my existing retail shop. I have a big space outside which can fit these cereals. I will buy 12 clear buckets with lid @ US $1 per bucket for displaying my products.

I have chosen to begin this business since in the next two months I will be harvesting peas, beans, and green grams, and also my neighbors will too. I hope by then the business will have picked up and I will be able to supplement my stock by buying extra from my neighbors.

I will use my profit to educate my young girl, who will be joining baby school in August, and support my parents. If all goes well, then I will be able to purchase commercial land where I can build my own shop. # i love my lenders



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About Me

My life has been interesting and full of hardships.On finishing my primary school my mum could not get fees to take me to secondary school and she tried her way best to get help. Certainly,she was able to find a school for me at Nairobi by name Aga Khan High. The principal agreed to sponsor my education because he could see my potential. Almost before the end of the year he was transferred and I had a fee balance of US$ 240 for third term. Unfortunately I didn't seat for my end of year exam and had to travel in rural area having no more hope.I was then able to work as a heardsmen for a year to raise school fees.I worked for US$7 per month for 9 months.I prayed .Luckily as I was set to go back to school the government introduced free secondary school project but we catered for our food feeding program and development of the school. I then successfully enrolled in a rural secondary school in form two which I ended up finishing and got the government higher education sponsorship where its expected of you to pay a minimum total of US$ 270 yearly for four years depending on degree program enrolled.The struggle continued on joining university where I paid school fees for myself by hawking roasted and fried peanuts both cooked from the school hostel. I also worked in a construction company paid US$ 3 per day on my free days on class timetables and weekends.I learnt a lot from my hardships .I almost stayed for a year without buying clothes.I had occasions clothes and daily use clothes so that I could look decent.I was lucky enough to get supply contract in local supermarkets. I quited this business after finishing higher education and invested on a long term Retail Shop at a local area which has the capability of operating 24 hrs and have been able to employ two people who work on shifts. Am currently an employee in a cyber security company and happy about it. I now its always seems impossible until is done. I always feel I have a debt to pay. I need to find a way to be able to help those in need. By inviting trustworthy needy people to Zidisha I will have helped dozen and their families too.

My Business

I currently want to invest on roasting peanuts and selling on wholesale price and also begin cereals stores. Here I will sale maize, beans,peas green grams,lentils,wheat, maize floor and many more varieties . I have realized in my local area that there is a market gap and hence the demand. I have the skills for sales and marketing and prior experience for the same . I am now going to flood the market with these high quality products I will be making on my own and also purchasing in the nearby local markets. Peanuts roasting in Kenya is a big business if given the attention required. I will continue expanding the business to employ youth to be sorting the chaff and also for quick delivery to the nearby hotels for local use.

Loan Proposal

I intend to buy 50 kg bag of raw peanuts for roasting at Us$ 1.5 per KG. This sums to Us$ 75. I expect a profit of at least Us$ 70 from them which I will use to reinvest on the business and also pay rent of my living house of Us$ 40 and my shop at Us$ 15. I will buy a meko (cooking gas) at Us$ 41 and a bigger sufuria (cooking pot) at Us$ 5 for roasting the peanuts. I look forward to stop using the charcoal jiko.This will help me serve my customers well and not to miss special orders.
I will then start cereal stores with beans, maize , maize flour, wheat, rice, green grams, peas, green peas,lentils,sorghum , millet, and brown rice .I will buy beans 20kgs at Us$ 16 at Us$ 0.8 per KG, maize 20kgs at Us$ 10 at Us$ 0.5 per KG, maize flour 20kgs at Us$ 10 at Us$ 1 per 2 kg, wheat 20 kgs at Us$ 20 at Us$ 1 per KG, Rice 20kgs at Us$ 16 at Us$ 0.8 per KG, green grams 20kgs at Us$ 30 at Us$ 1.5 per KG, peas 20kgs at Us$ 32 at Us$ 1.6 per KG, green peas 20kgs at Us$ 26 at Us$ 1.3, lentils 15kgs at Us$ 24 at Us$ 1.6 per KG, sorghum 20kgs at Us$ 24 at Us$ 1.2 per KG, millet 20 kgs at Us$ 32 at Us$ 1.6 per KG,and finally brown rice 15kgs at Us$ 22.5 at Us$ 1.5 per KG.The estimated total cost of all these cereals is Us$ 262.5and at least Us$ 20 transportation cost. I will supplement the extra amount with my monthly salary. The estimated profit is Us$ 100 in a month. The exact prices will be provided when I buy the products since Kenyan goods change prices on daily basis depending on demand and supply. I will not have extra shop rent since its just a business am adding on my existing retail shop. I have a big space outside which can fit these cereals. I will buy 12 clear buckets with lid @ Us$ 1 per bucket for use on displaying my products. I have chose to begin this business since in the next two months I will be harvesting peas, beans, green grams and also my neighbors too. I hope by then the business will have picked up and will be able to supplement my stock by buying extra from my neighbors. I will use my profit to educate my young girl who will be joining baby school in August and also support my parents. If all goes well then I will be able to purchase a commercial land where I can build my own Shop. # i love my lenders


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Storage and distribution of local grains and peanuts

George Kiio
Muthwani, Kenya

73% Repaid