Hire room for maize storage

Anthony

Meroleni, Kenya

100% repaid

Follow Anthony

How it Works

Entrepreneur

Name

Anthony

Member since

May 2017

On-time repayments

47 installments • 72%

About Me

I am Anthony Katua, a Kenyan born way back in the year 1997. I live and do business in the Meloreni area of the larger Subukia. I am trained in mechanical engineering at a local college. This did not help me in securing a good job. I therefore, driven by desire to live a decent life and make a living, decided to start a business.

This business has been doing fine, and most of the time I am just in my business ensuring that it runs smoothly. My wife also assists greatly in running the business, as when am not in the business she takes over. Sometimes I do go out to meet customers and negotiate for orders. Besides doing business, I do read a lot, particularly materials that are inspiring and encouraging. I also like watching football.

My Business

I do own a posho (maize flour) mill that I started with help of my elder brothers and sisters. The posho mill does well, and at times I do sell flour and maize germ for farmers around.

The business is doing well, though recently there was a shortage of maize around due to low rainfall and maize disease that affected many farmers countrywide. This impacted high on supply and many businesses were down. In the months of August to January, the business does well since there is abundant supply.

Currently we have a crisis in Kenya at large, since maize flour (or unga, as it is commonly known) is in shortage. The rains have failed this year and it's going to be worse if something is not done.

Loan Proposal

Am requesting you to fund me so that I can hire a room for storage of grains particulary maize. At the moment I am having a problem with storage since all my stock is from where my posho mill is. I am targeting the month of september to october where harvesting will be done. Between now and then I want to increase my loan limit. I have choosen to pay members fund so that I will be able to borrow higher amount

Show original English

About Me

Join us in overcoming barriers of location and circumstance. Help us build the world's first online microlending community that connects people directly across previously impregnable barriers of country, language and culture.

Here is how you can help:

Do you know other trustworthy internet users who could benefit from a Zidisha loan? Invite them to join.
Post comments in your loan profile page to let lenders know in what ways the loan has made a difference.
Share a link to our website in Facebook.
If you are willing to volunteer your time to help other Zidisha members in your country interact with our website, visit our Volunteer Mentor pages to learn how to become a volunteer.
Reach out and respond to questions from other members in our Forum.
Or become a Community Moderator to take a more formal leadership position in our forum community.

My Business

What are the fees and interest?
Zidisha loans do not carry interest. Borrowers pay a service fee of 5% of the loan amount, to cover the cost of transferring and administering the loan.

Loans also carry a credit risk payment ranging from 5% to 30%, which is used for reimbursing lenders in the event of default. The credit risk payment decreases as you build a history of on-time repayments.

A one-time premium membership payment of 1,000 KES may be required in order to access higher credit limits.