253 installments • 30%
I grew in Kamser Sub-Location and schooled in Kamser Primary School upto grade five before moving to Seka Primary School for grade Six-Eight.I lost my parents be joining Oriwo High School for secondary education thank God my dad was wise enough ,as young as I was he taught me house to leave .He was a horticultural farmer growing mainly kales and tomatoes and took over after he passed on and started growing the crops on our farm which is located on shore of Lake Victoria,while I was at school,I used my saving to pay some people to take care of the farm.The farm produce were needed in my school since all children were boarding and had to eat kales everyday,sometimes lunch and supper,I became the school supplier and that catered for my fees for the four years at school.
I am currently buying and selling various consumable and non-consumable goods like sugar,flour,cooking oil,body lotions,soap,.The consumable goods are ever in high demand and that is why I chose this king of business having seen the high population.A dozen of maize floor cost $ 10 and is sold to the consumers @ $ 14 and two kilogram of sugar cost @ 2 from wholesalers and sold @ $ 3. The proceeds will be used to improve the business as well improve my life and that of my small family.I will be able to get increased profit with increased loan amount on the goods I am going to sell.
I will use the loan to buy 9 bundles of maize which has a total of 108 -2 kilogram packets.Each bundle cost $ 10 and will be sold @ $ 14 .The total loan will bring a profit of $ 36 within 10 days or so but it is anticipated that the flours will be sold before two weeks since maize flour makes the staple food of all Kenyan communities.
The profits from the sales will help me improve my business as well as carter for my other personal needs as I repay the loan.
Jan 4, 2015