Equity, M-Pesa & AirTel money agencies (float capital)

Anthony

Thika, Kenya

100% repaid

Follow Anthony How it Works

Entrepreneur

Name

Anthony

Member since

November 2015

On-time repayments

174 installments  •  36%

About Me

Worked for a Supply Chain Company for over 15 years. I have experience and skill on Warehousing, Distribution, Logistic and Transportation. This year I started my own Business - Grains and Cereals Supply chain. Core goal being management of grains from the source who are the farmers to distributors/consumers.

My Business

Currently my business 'Grains Cereals Supply chain' deal with handpicking foreign matter on grains and selling them through a my retail shop at my home area.
Business Mission being:
To provide best low cost on transportation and warehousing solution for clean grains and cereals to our customers, and door to door delivering. "Wash and Cook"
In the current resent months I reused the profits to increase my stock. But due to increase on products demand it has increase the cost of supply due to transport cost buying small quantity due to lack of adequate capital. The product turnaround has increased by 100% after moving into a new shop near a bus stop. Which I positive it will increase more if I advertise my shop.
Goal: 1. working on how to get cheap logistic solution of cereals/grains from suppliers
2. In future own a pickup or a van

Loan Proposal

With the current loan, I will increase my agency Capital float on Airtel money, M-pesa and Equity bank 10%, 30% and 60% respectively. I am currently running with a float of Ksh50000 on three agencies. While recommended competitive float should be around Ksh110,000 in total.
As the year is ends, schools have started advertising for cereals tenders. I have applied for three schools. I will keep you posted on the feedback.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$683.00

Date disbursed

Oct 31, 2016

Repayment status

On Time

Projected term

5 months

Other loans

Nov 2015:  $150

Feb 2016:  $300

May 2016:  $456

May 2017:  $668

Oct 2022:  $556

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Ask Anthony a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Anthony    Jan 13, 2023

    Things did not work as planned, the money was not even enough for the new place inside fittings and painting

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  • Anthony    Nov 3, 2022

    The installment I choose was monthly, Just to see on the dashboard today that my due date is 5th. which is in a weeks time. I have not even moved to the new shops just paid the deposits.

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  • Anthony    Oct 26, 2022

    Thank, Thanks, I have no words for the support you've given me. I will immediately pay the Landlord to secure the new place we are being relocated by next week. I'm actually the last one who had not paid, I was wondering what to do, GOD answered my prayers . THANKS MAY GOD BLESS YOU ALL.

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  • Anthony    Oct 4, 2019

    After coming back on my feet, struggled almost an year after my float on Agencies was conned and 80% money stolen. I'm still not giving up, I thanks to Zidisha for their patient, my family and friends for support, both psychological and finacial. My agencies are up and running now on the process of applying for additional bank agencies. (Family Bank, and KPLC tokens)

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  • Anthony    Jun 6, 2019

    Business not doing well

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  • Anthony    Mar 29, 2019

    With this dry season the price of grains have gone up making it hard to settle the expenditures and expenses

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  • Anthony    Dec 6, 2018

    It's been a hard year for me since my shop was stolen, I'm still trying to recover as well as building up working capital float.

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  • Emma    Nov 1, 2018

    You going ok Anthony?

    Wishing you all the best :-) Emma from Australia.

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  • Emma    Jul 15, 2018

    I'm so impressed Anthony :-) I saw how well you were doing after my message before :-)

    Just know you have our support :-) Don't beat yourself up too much, you'll get there... Life can be hard sometimes...

    You can contact Zidisha and ask them to lower your payments to help make it more manageable :-)

    Wishing you all the best Anthony... Seeing how well you picked things back up again before really made me smile. It takes a strong human to pick themselves up when they've been knocked down... I hope you see your strength :-) All the best, Emma.

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  • Emma    Jan 7, 2018

    Hi Anthony,

    We still believe in you :-) You can do it... It doesn't matter if you're a little bit late. Just give everyone an update sometime soon so we know you're not a ghost :-) You'll be ok, you can do it...

    All the best, Emma from Australia.

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  • Anthony    Nov 23, 2017

    I lost all my capital few month ago, and I wish to continue with my payments slowly until I clear my loan

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  • Anthony    May 22, 2017

    The loan amounting Ksh64,381 was well received on 22nd I really appreciate. Thanks you thanks, words cannot express the way I feel in my heart. I will add the loan funds to school tender project and add eleven additional sacs of maize and three of beans. With the current high prices of grains product, I still searching where I can get cheap maize/trasport to site.. I will update as the school term unfolds.

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  • Stephen    May 18, 2017

    Dear lenders,
    Thanks so much for your continued support towards the effectiveness of Anthony's business.May God bless you.
    To Anthony congratulations for making it for funding hope too my loan will be funded fully so that I can be in a position to run out my business smoothly .

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  • Anthony    May 18, 2017

    Thanks Thank you very much may the almighty God bless you all.
    I will be able to add on to my beans,millet and maize supply to a school. With this lack on common commodity 'maize' due to the last season change of climate, the loan will assist me on additional bags on maize per deliveries.

    Thanks you very much I will update you all as the school second term unfolds
    Regards
    Anthony

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  • Anthony    May 4, 2017

    The last loan I added into my agencies capital, later when I was awarded tendering contract to supply Maize, beans and wheat. I pulled some money and used it as a capital into my new venture. Its been challenging due to change of weather and prices of the maize going up, but I managed to serve them first term.

    With additional loan I will be able to add 12 more sacks of maize and beans onto one delivery to cut down on multiple deliveries to the school which is very costly.

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  • Stephen    Apr 30, 2017

    dear lenders
    Macharia's business was down but his condition is improving and he is going to pay soonest.

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  • Anthony    Apr 11, 2017

    Team,

    It has been quite a challenge and learning period this first quota especially being a new bee on this contract tender business. Challenges that I faced on the first quota are;-
    1. Change of weather pattern making the price shoot up over the tender quotes
    2. Tender contract states someone cannot renegotiate price change until 90days.
    3. Getting finances/investors ( Most finances they don’t finance first time tenders)
    4. Unpredictable institution paying pattern (they don’t have an SOP)
    My lessons
    1. Its capital intensive, someone need to have bought and stores the grains
    2. Someone need a very understanding and flexible investor/financier
    3. With enough money the best way is to buy the whole delivery and take it. This cut down the cost of transportation due to multiple delivery costs. (Or alternatively own a truck).
    4. Patient, Patient, Patient -
    First term is over the institution closed for April holidays to resume back on May now I’m making a forecast plan for second term, to cover my weakness and threats and optimize on strength looking for more opportunities.
    Kind Regards
    Anthony

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  • M

    Mary    Apr 5, 2017

    Thank you for the update Anthony. It helps lenders understand the challenges business people face in other parts of the world. My husband and I were in farming and saw commodity prices change. Some years we did well and others not well. I hope you will be able to continue to be successful in the challenge of the drought. Regards, Mary

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  • Anthony    Mar 30, 2017

    Apology for inconsistence on loan re-payments.
    This first quarter of 2017 my financial flow has been very tight. As I had updated earlier, I won a tender to supply dry food to one of the rural institution this year. I did two deliveries, they managed to pay one delivery and I used the same amount to make the third delivery, but unfortunately when I went to the market due to the current unexpected weather change in Kenya, maize and beans prices shot up above my tender quote. I had to look for more finances (I pulled some agency capital) to satisfy the delivery, and also I had to renegotiate with the institution about adjusting tender prices. They told me as per their tender policy the committee meets to make any changes 90days after offering tender contracts. The 90th day was ending 20th March 2017. So I stopped invoicing until they meet. I’m still following up with the intuition about their consensus, the last conversation we had they told me they haven’t met due to ongoing end of term exams they are doing.

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  • Stephen    Mar 30, 2017

    Dear lenders,
    I communicated to Anthony and his challenge in repayment was attributed by delayed repayment in institutions he had supplied his commodities to. He promised to make repayment soonest from the end of the week.

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