Entrepreneur

About Me

I am David Kamau Wanjama, born in 1950 at Marioshoni Village in Elbergo under shamba system. Son of Wanjama Kamau and Bilih Njambi as the fourth child. I completed my primary schol education in 1964. I am married and have nine children and the last born is in form one at Mugaa Secondary School. In addition, I have custody of my orphaned nephew and niece who are in class three and four respectively. I work at Mugaa Secondary School. I am also a mixed farmer, growing maize, beans and potatoes. Also rear dairy goats, beef cattle.

My Business

My main business is keeping of the dairy goats, which are expensive to rear. I buy them food daily from the shop,dairy salt and also medicine to keep them free fom round worms.20mm bottle of the medicine used to spray the goats costs about Ksh500 and the goats need to be sprayed after every three months. One bag of food cost about Ksh1500 and i buy about 5 bags in a year,which amounts to Ksh7,500 in a year. Apart from this i also buy traditional food such as Kikuyu potato leaves.
The goats produces young ones twice a year. During that time i milk them and sell the milk to my neighbours and when it produces a male kid i sell it at about Ksh5,000 or more.

Loan Proposal

I first want to inform you that the previous loans that have acquired from zidisha have not only helped in improving our status as a family but have made my family an admiration in the society. Kudos to zidisha team. My reason of applying for another loan is purely to take advantage of the agricultural harvest that should be taking place from end of this month to late November.I tried buying maize and beans with my last loan and by the end of the season i made a net profit sh 30000. I bought a heifer from that income. Since the harvest of beans is gradually taking place, i intend to start buying them right from my home. As at now a 90 kg bag is ranging between sh2200- sh2500. I want to specifically deal with a variety called 'kawairimu' in local language. Despite been the most marketable, its also widely grown because of resistance to diseases and matures fast. I have a granary at home to store my purchase. I also have a donkey to ferry the purchase from farmers to my home. With sh 79000, i will manage to buy 35 bags each at sh 2250. Due to the high supply now, gathering such a quantity may take two weeks. I would then sell the stock to wholesalers in Nakuru town at sh 2550. That would earn me a profit of about sh 10000. Note that in my budget i have provided for buying of empty bags at sh 700 and paying loaders (young men in the village) at sh 2000. Since the grains are usually very dry, they retain quality up to the time of selling them. Occasionally attacks by rats may occur but i can easily contain them with rats poision or cats. By the way, those wholesalers come to the villages with their lorries so no transport cost. I anticipate that with time supplies will decline in which case price may raise. My target is that by November when maize will be on harvest, i will have accumulated at least sh100000 to start buying maize. Am sure that with such an amount i can venture in to the external market. I also practice farming so part of my produce will go along way in boosting my business. Am very optimistic that all shall go well. Lucky me that zidisha is my financial partner. God bless you as you bid.

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