Purchase produce to expand my stock
Baya Tsofa
Ngala Phase 3., Kenya
14% repaid
Entrepreneur
Name
Baya Tsofa
Member since
July 2015
On-time repayments
194 installments • 25%
About Me
My names are BAYA TSOFA MWENI, from Malindi Kenya. I was very bright in primary school but that didn't help me much in secondary school. Coming from a very poor family I mostly missed classes to do some work to get fees. I ended getting a lower grade (c-) and that why I ended working as a Cleaner at Casino Malindi. The salary being small I couldn't manage to assist anyone as every penny went to debts. We started a merry go round with my work mates and I invested my share in buying tomatoes, cabbages. Bananas, onions for resale at a profit. Am now able to get my daily bread from their. I feel exploited working for ten thousand a month but because I do work night shifts am able to run both my business and the job. Am still doing. my business outside someone, house but God willing Intend to have a secure place where I can leave my stock at close of business..
My Business
The sources of my Income for now are from the business and the salary from my job. I have a very fertile piece of land which is 300 metres away from a lake. My plan is to grow my business and become the wholesaler of my products . My stock that is the cereals, the tomatoes. Potatoes., Brinjals, onion s, bananas are available all round the year and so I can feel secure doing this business as it is a must for people to eat.
Loan Proposal
I intend to increase the stock of the existing goods and introduce new demanded items.I intend to start supplying all the food items to my nearby primary school which will greatly reduce their cost of sending someone to the market and in turn boost my earnings.
I will buy the following
1. 2Bags Soya beans@144 dollars
2. 2Bags local rice@ 123 dollars
3. 2Bags Pakistan rice@ 103 dollars
4. 2 Crates Tomatoes@82 dollars
5. 2 Bags sura mbaya beans@62 dollars
6. 100kg Water melon @52 dollars
7.2Gallons cooking oil@52 dollars
8.1 sack irish potaties @41 dollars
9.1 Net onions@31 dollars
10. Cabbages for 21 dollars
11Sweet potatoes for 21 dollars.
12. Passion friuts for10 dollars
13. Garlic for 10 dollars
14. Kales for 10 dollars
16.Oranges for 10 dollars
17.Mangoes fir 10 dollars
18…Coconuts for 10 dollars
19.Green bananas for 5dollars
20.yellow bananas for 5dollars
21.Matoke for10 dollars
22.Pawpaws for 5 dollars
Other expenses22 dollars
Transport 50 dollars
Total 887 dollars
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$824.00
Date disbursed
Jul 27, 2016
Repayment status
Late
Projected term
36 months
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