Feeding the community by providing healthy food supply
Eric
Kitengela, Kenya
22% repaid
Entrepreneur
Name
Eric
Member since
January 2014
On-time repayments
92 installments • 20%
About Me
I am a young man from Kajiado full of passion to make it in the world of business. its very evident in our country unemployment is very high and therefore youths and every kenyan is encouraged to think beyond white colar jobs and instead engage in income generating activities.
After so many days wasted on the hustle to look for an office job an idea struck me and I have not looked back since.
being a resident of a pastoralism community, I discovered there was an opportunity in fresh food stuffs from the shamba and supply to the traders within kajiado county especially Kitengela, Isinya, Bisil and Athi river.
The earnings I generate from my business I use it to increase my stock and hence supply to more customers.
I also use the earnings to do small scale farmings which goes along way to supplement my business.
My Business
The source of income comes from the sales made when I supply to the market traders and also through the earnings I get from my small scale farming,
As I had mentioned earlier I come from a pastoralist area and up to now the people have not embraced farming and therefore depend on food supplies from other parts of the country.This is where I seem to fill the gap. The demand for foodstuff is all time high especially fresh produce since the area is semi arid.
My customers which comprise of market traders prefer my goods since I am reliable and always supply fresh stuff straight from the farm and sometimes my own farm produce.
However there has been a limitation since am not able to satisfy the potential due to lack of enough capital. The issue of risks comes when the rain comes it’s a bit challenging to get the supplies from the farms because of floods but due to the new form of county government, this is likely to be addressed and solved.
Monthly sales Analysis
Sales 80000
Cost of sales (40000)
Operation expenses(10000)
Profit 30000
This sales could however go up if I was to get more finance which will translate to increased profit margins.
This in doubt will enable me to repay the loan without any problem
Loan Proposal
Having been in the supply business I intend to increase customer base by getting more traders to give me orders.
to make sure that I maintain consistency in supplies I will increase my farming back in the village to make sure I get most of the vegetables from my shamba.
the KSH. 12,000 will be used as follows
Land tilling 1200
seeds 2000
pesticides 2000
weeding 2000
Transport 754
purchase more stock 4800
by doing this I will be better placed to earn more and enhance better growth.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$143.00
Date disbursed
Jan 21, 2015
Repayment status
Late
Projected term
10 months
Other loans
Lenders
London, United Kingdom
Jake Gibson and Beverly Picardo
San Francisco, United States
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