66 monthly installments • 21%
I am single with 8 children four of them who are schooling. I live in Kiptangwanyi shopping center about 43km from Nakuru town. I live in my own plot which is plot number 21. I operate cereals shop at the shopping center. I buy cereals mostly maize and beans in wholesale which I later resell to neighbouring major towns also in wholesale with a good profit.I am well known in this area and sometimes I do travel a lot to take my cereals to other towns. This is a business that I do operate with all my heart as I have been able to educate all of my children from the revenues that I get from the business
I operate cereals shop at the shopping center. I buy these cereals in wholesale and distribute them to major towns in large quantites especially in Nairobi where I have many customers. The main challenges that this business encounter are lack of enough capital, poor roads especially during the rainy season and drought. I hope that the loan I am going to get from Zidisha organization will be of very great benefit in improving my business. This will be of very great help towards the appearance of my business. I already have plans that I know will change my business to the best in terms of service and offering quality products.
I want to use this second loan that I will get from Zidisha organization to do the following. Firstly, I would like to take the beans that I purchased during the months of June and July to Nairobi for sale. This money I will use for drying the beans and also for transport. The price for beans in Nairobi at the moment is good and this is why I would like to use this opportunity. Secondly, the remaining amount I would like to purchase more maize at this time and store it. This will be sold when the price is good sometimes next year
Dec 19, 2012
Cost to entrepreneur
Lender interest: $1,351.11 at 9.28% annual rate over 8 months = $88.81
Service fee: $47.86