Entrepreneur
Name
Benard
Member since
June 2016
On-time repayments
98 installments • 72%
About Me
I grew up in Nakuru within the Rift Valley province in Kenya. I am married with two kids who are in lower primary school. I do farming in Kabazi in Nakuru. I have not specialised in a cash crop or livestock but I do bits in both. I believe in hard work, and every morning to me is an opportunity to grow and learn. My wife is a house wife and we assist one another in farming.
I had, after completing school, decided to take a course in Tours and Travel at the Amboseli Training Institute. With the certificate I have, I looked for a job in vain. I tried my hand in farming and realised that farming can be paying.
Having seen this opportunity with Zidisha, I have decided to try and see whether I can empower myself economically. This is the reason today I am applying to join Zidisha with long-term goals. I was to create good rapport with lenders, and once this is done maybe they will be willing to grant me a large loan after a year or so, through which I will invest in farming.
My Business
I am a farmer and I also own a motorbike. From time to time, I offer transport using the motorbike, particularly in the evenings, where I earn considerable income. Mostly I plant maize and beans on a yearly basis.
The challenge here is that, upon planting, it takes about 6 months to harvest beans and about 9 months to harvest maize. This makes my income not consistent. I have looked for other ways of overcoming this, and I also keep sheep and sell them upon maturity. I also offer transport during my free time to supplement my income. This has ensured that at least I have a steady flow of income to the end of the year, when I sell the maize after harvest. In a month, my income is about Ksh 15,000 ($144 USD) in net, and this is what I use for family upkeep and paying fees for my kids.
Loan Proposal
My previous loan was very successful. I am on my fourth loan, for which I plan to purchase sheep and goats, as in my previous loan, for selling after some time. My business did not disappoint, since the goats I bought in December 2016 were disposed and I got payment immediately. As we approach December holidays, the demand for goats and sheep will be high. From my previous experience, I have seen that when I buy a large number, I will be able to maximise profits by rearing them for a while before I dispose of them at profit. I will be purchasing about 15 of them at an estimated cost of USD $35 each (USD $35 x 15 = $525), and after a while I will sell them with a reasonable profit margin.
About Me
Management Summary
Steve Extractor got his undergraduate degree in biology from Case Western Reserve. While at Case, Steve knew he wanted to practice health care but was unsure of exactly what. Toward the end of his years at Case, Steve discovered his interest in dentistry.
Several years later Steve became a graduate of The Ohio State University College of Dentistry. Steve knew that he did not want to live in Ohio for the rest of his life so he immediately upon graduating moved out to Oregon, a state that he was always fond of due to its natural beauty. The first four months were difficult to make contacts and find a job, but Steve eventually landed a job in an eight person firm doing general dentistry.
My Business
The following are the required start-up costs:
The purchase of Dan Jokerdoc D.D.S.' private practice. The purchase includes the patient list, office space, front chair and desk, two dental chairs, two light systems, fully-equiped sterilization room, compression air system with a suction unit, x-ray unit, mirrors, and a phone system. This practice has been valued by the following variables: equipment, office space already built for a dentist, goodwill, and future revenue streams. The equipment has been valued at $30,000, $15,000 for tenant improvements on the office space, the patient list at $5,000 and $25,000 for future profitability. The entire practice was sold for $65,000 because Dr. Jokerdoc was in need of quick cash. Statistical studies have shown that patients that are made comfortable are likely to stay with the new doctor when a practice is sold. This will help with cash flow, minimizing the amount of start-up cash. The bulk of the equipment needed will procured through the purchase of the practice, however, there is a lot of equipment that will be needed to be purchased separately.
Loan Proposal
My previous loan was very successfull, I am on my fourth loan which , I do plan to purchase sheeps and goats as in my previous loan for selling after some time. My business did not disappoint since the goats I bought in December 2016 were disposed and got payment immediately. As we approach December holidays the demand for goats and sheeps will be high. From my previous experience, I have seen that when I buy large number, I will be able to maximise profits by rearing them for a while before I dispose them at profit. I will be purchasing about 15 of them at an estimated cost of USD 35 each (USD 35 x 15) = 525 and after a while will sell them with a reasonable profit margin.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$529.00
Date disbursed
Jul 12, 2017
Repayment status
Late
Projected term
123 months
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Ask Benard a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Mary Nov 10, 2018
djkmoran Jul 4, 2017
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