I am very pleased to join zidisha to access affordable credit from your institution. i intend to put the funds that will...
Rebecca
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Rebecca
Member since
January 2014
On-time repayments
88 installments • 28%
About Me
i am Rebecca Gema from tanners estate in Nakuru town. after clearing my high school i was employed as a sales executive for a pharmaceutical company where i was paid on commission basis. i moved on and started a small venture of buying fully grown trees and then re-sawing. i sell timber, off cuts, firewood and sawdust to customers at the site and make a small profit. Given a loan from zidisha, I intend to be buying trees in large quantities and take my products to the markets where they will fetch higher returns.
My Business
My source of income is primarily buying fully grown trees at and then re-sawing them. I then sell the by-products which include timber, off-cuts, firewood and saw dust to customers at the site. There is a lot of demand for these products in nakuru town because of massive housing developments. Since I do not have much capital, I normally sell at the site to brokers who transport them to the market and get more returns. The risk my business faces is when there is a lot of rainfall and our products cannot access the markets and when the government through kenya forest service suspends tree harvesting to allow trees to mature. A fully grown tea at government controlled forests is sold at 10,000/=. It produces timber worth around 17,000/=, off cuts worth 2,000/= , firewood worth 1,000/= and sawdust worth 500/=. The labour cost me around 5,000/= (power saw and operators) . I make around 5,000/= on a good day. Given a loan from zidisha, I intend to buy more trees and make profit so that eventually I will be able to afford transporting my products to the market.
Loan Proposal
Thank you lenders for allowing me to access funds from your organization. My source of income is primarily buying fully grown trees at and then re-sawing them. I then sell the by-products which include timber, off-cuts, firewood and saw dust to customers at the site. There is a lot of demand for these products in nakuru town because of massive housing developments. Since I do not have much capital, I normally sell at the site to brokers who transport them to the market and get more returns. The risk my business faces is when there is a lot of rainfall and our products cannot access the markets and when the government through kenya forest service suspends tree harvesting to allow trees to mature. A fully grown tea at government controlled forests is sold at 10,000/=. It produces timber worth around 17,000/=, off cuts worth 2,000/= , firewood worth 1,000/= and sawdust worth 500/=. The labour cost me around 5,000/= (power saw and operators) . I make around 5,000/= on a good day. Given a loan from zidisha, I intend to buy more trees and make profit so that eventually I will be able to afford transporting my products to the market.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Feb 6, 2014
Repayment status
On Time
Projected term
3 months
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