John

Milimani Estate, Kenya

100% repaid

Entrepreneur

Name

John

Member since

August 2013

On-time repayments

50 installments  •  50%

About Me

I am a Christian I attend Aburdance Grace Mininstries in Nakuru. I was born in Suswa village, Ngong Town back in 1992, I started my primary education at Olasiti Primary school in 1997 and later joined Oloslaiser High school after my secondary school I joined Mount Kenya university and took my Diploma in Banking and finance. Am currently living in Nakuru county Riftvalley province in an area called Milimani to be able to sustain myself and secure my future I started a business in pipeline (Nakuru) approximately 12 kilometers from town. I have been operating this business for the past 18 months.

My Business

I have been engaging in cereal business for the last 18 months in Pipeline approximately 12 kilometers from Nakuru Town. I choose to do cereal business due to the increasing number of population attributed by the chaos in 2007 -2008. I sell Beans, maize, njahe, ndengu, peas, peas special, wheat, Rice and flour. Initially I used to sell Maize and beans but realized these other items had high demand so I introduced them. This business is done by many business people in the area, but my customers prefer me to them because of the services I provide and the prices of my commodities. I buy my products in bulk from the farmers and later on sell them to my customers thus avoiding the middle man. This ensures that my customers get produce in good condition and at the right price. In a month I incur a total expense of 45,000 inclusive of labour, electricity, purchases and other miscellaneous expenses, my average monthly revenue is 70,000.

Loan Proposal

I would like to thank the zidisha family for giving me the honor to apply for my first loan. I will use the amount advanced to me to increase my stock since the season (harvesting) was just some weeks ago I will take this opportunity offered to me to buy cheap store and resell later, i will invest highly on fast going items like Maize, Beans, Minji and Kamande e.t.c This will boost my earnings in the short run. I will also construct a small stall where i will add things like vegetables, tomatoes, onions and dhania this will also add my sales because these things are bought on a daily basis, and there being no other person offering the same in the area i am sure to make good income from it, Thanks and God bless.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$250.00

Date disbursed

Jan 23, 2014

Repayment status

On Time

Projected term

5 months

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