Dry maize kiosk

Richard

Kamukunji, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Richard

Member since

April 2016

On-time repayments

272 installments • 76%

About Me

I am Richard Matundura was born in Nyanza province in Kisii County .I was raised by my parents although now Iam orphan. I went through primary Education and passed to go to Secondary despite the posed challenge of school fees. My parents were peasant farmers and depended on farming and menial jobs thus denying me the chance to college or professional training instead I started working as a shamba boy to help support my parents .I managed to get money to join college through my little saving but by the time i was clearing, i had arrears so I didn't get my certificate. I had to hustle to pay my arrears and obtained my certificate. I also paid my computer studies, diploma and now doing my master degree in Kisii university

My Business

My business of selling Dry maize at my Posho mill . I had a dream of starting a posho mill but I didn’t have enough money to purchase maize. my first loan from Zidisha I used to set up a fish pod although did not pick up well due to water shortage challenges but I used the remaining money to start a maize buying and selling which picked up well enabling be to pay my loan well .i intend to get the Fourth loan to expand my maize business so as to make higher profits.i intend more maize and beans this year dry it keep in store up to a good season to selling.the demand for such products is high at my business now.I chose this type of business because iam able to manage easily and my customers are available.
my costs are posho mill repair and maintenance,salary for my workers,electricity and annual business permits .
My business profits are used mostly for savings,paying for my family needs and reinvestment for the future.

Loan Proposal

i intend to increase my dry maize stock and also hire one sales person to help me reach my market.The current market price are high and the demand is also good.i intend to make more sales as i have started working with hotels and nearby schools to supply maize floor from my poshomill .i will buy 10 sacks of dry maize at a cost of $230 which if i sell i will earn $320.this income will help me be able to plough back thus buying more stock for my customers.