Increase Inventory for Maize, Beans, Rice, and Peas

Entrepreneur

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 will us US Dollars 57.7696 to purchase the inventory of of maize in order to enable me meet the consumers demand which is currently very high.

I will use US Dollars 92.4314 to increase the inventory of maize which its demand is relatively high than that of maize.

I will use US Dollars 57.7696 to purchase the inventory of rice which is consumed on the day today basis.

I will use US Dollars 34.6618 to increase the inventory of peas which its consumption is a bit lower due to its prices.

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