Increase stock for my cereals shop

Francisca

Eldoret ,kamukunji Estate, Kenya

100% repaid

Entrepreneur

Name

Francisca

Member since

January 2015

On-time repayments

175 installments  •  93%

About Me

I am a single mother, aged 42 years. I am the sole breadwinner of my family of one son, who finished high school last year and is waiting for his exam results.

I have an O-level education background and I also possess a certificate in Pharmaceutical Technology. I have been in employment as a pharmaceuticals technologist for over sixteen (16) years in two different companies. During this period, I experienced numerous problem both financially and socially. This was because the salary was small and could not meet the needs of my family and even my own needs. This prompted me to think of starting a small business, but still this came with its own economic and social challenges.

I come from Western Kenya, a place called Butere, but currently I live and work in Eldoret Town. I have been in this town for the last seventeen years.

My Business

Besides employment, I have been operating a cereal shop for the last six years. I started this type of business because of ever-increasing demand of maize, beans, sorghum, millet, green grams, rice and many others. Eldoret has a very high population, which gives me a very effective demand. I chose the products due to their great availability and demand: you can not miss to make a sale.

Competition is minimal and the existing competitors I have an advantage over them: I buy my cereals during harvesting when the price is very low, dry them properly to maintain high quality, and treat them with pesticides to avoid piercing by weevils. I sell my products at a very friendly price, which keeps on attracting more and more customers. My business does not face any risks because these products are the staple food for the whole community.

My monthly cost of running the business is 240 US dollars, while the average gross profit before the expenses is usually approximately 385 US dollars.
The following is how I normally use profits from the business :
10% I give tithe to the church
70% Upkeep, i.e. food and rent
5% Savings
15% I support my aged mother and two siblings

Loan Proposal

Thanks you lenders for giving me an opportunity to get the credit from you.Given funding I will use my loan wisely especially to increase stock of Maize since currently the price has dropped up to Us dollars 25 I will stock 4 bags for the 100 dollars borrowed and sell them a round the month of May when the prices have gone up .Meanwhile I will repay my loan from salary and sales from business. Otherwise thank you for your wise consideration.

Show original English  

About Me

My names are Franscisca Opondo ,from Eldoret Town Iam a single mother aged 43 years old . I am from Western Kenya Butere Town,was brought in Butere town during my early days of schooling .Have schooled up to form 4,then also got experience of nurse aide .Got married the marriage that never worked ,the forced to stay alone with my first born son.I am employed currently in a pharmacy and also runs cereals business.

My Business

My business is buying and selling maize and beans in Kamukunji Easte Eldoret Town .The goods are on high demand in that they a selling them does not depend on the season all times people in the community buy maize and beans because that is their staple food and my prices are cheap .

The profits I make from the business is aproximately 60% of which I normally distribute 10% as giving to the church,70 % accormodation and upkeep.
remaining 20% I do savings

Loan Proposal

Thanks you lenders for giving me an opportunity to get the credit from you.Given funding I will use my loan wisely especially to increase stock of Maize since currently the price has dropped up to Us dollars 25 I will stock 4 bags for the 100 dollars borrowed and sell them a round the month of May when the prices have gone up .Meanwhile I will repay my loan from salary and sales from business. Otherwise thank you for your wise consideration.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 14, 2015

Repayment status

On Time

Projected term

3 months

Lenders

Susanne

Freising, Germany

B

Becks

Dubai, United Arab Emirates

1

1979fan

Palo Alto, United States

nelson637

Greenbrae, California, United States

cattlebaron

Pierre, SD, United States

S

Shadrax

Lansing, United States

B

blairan

Baltimore, United States

C

cyrilleberger

Gammalkil, Sweden

BenRump

Washington DC, United States

pbosakov

Sofia, Bulgaria

KatyRose

Manor, Texas, United States

J

jimmydjjr

Gautier, United States

dajawein

Gladstone, Australia

Elaine123

Philadelphia, United States

N

nullologue

Boston, United States

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  • Antony    Nov 23, 2018

    I contacted Francisca and advised her to change her weekly payments to the amount she is comfortable to pay without being late

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  • Francisca    Oct 26, 2018

    dear lenders
    thanks very much for funding me again

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  • Margaret    Oct 17, 2018

    Good luck with your new loan!

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  • Francisca    Oct 16, 2018

    Dear lenders ,thanks very much for your time time support.kindly support me again

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  • Francisca    Jun 16, 2018

    dear lenders thanks very much for your great help to us be blessed

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  • Francisca    Dec 20, 2016

    thanks lenders again for confidence in me may God bless you

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  • Paul Thompson    Dec 19, 2016

    I hope that you will be fully funded with your loan soon and that your business will thrive in the new year.

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  • Francisca    Dec 6, 2016

    Thanks lenders for previous loan ,Kindly help me in the current loan also

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  • Francisca    Oct 26, 2016

    thanks lenders for bearing with me i can now increase my repayment back to ksh.600 per week.God bless you

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  • Francisca    Jun 21, 2016

    Kindly allow me to reduce my repayment amount the reason being is that I have had a series of funerals which have drained me financially thus un able pay my loan on time.

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  • Francisca    Aug 1, 2015

    Allow me to do repay ksh.300 for the time being and then I will adjust to higher level again the reason being that I had several tragedies which eat into my business i.e loss of two loved ones a an interval of three but I am comitted to continue working zidisha thanks for understanding me .

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  • Francisca    Jun 16, 2015

    I would like to take this opportunity to thank all my Lenders and the Zidisha community for the loan.I was able to purchase the 5 sacks of maize and 1 and a half sacks of beans.Am pleased that my business is catching up now very well, and expecting increase in profit.
    Thank you

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  • Francisca    Jun 9, 2015

    Thank you all lenders for funding fully my second loan.May God bless you all

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  • Francisca    May 23, 2015

    Dear Lenders
    Just to let you know that I made my second loan application I have four days to go but not yet funded kindly help

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  • Francisca    May 13, 2015

    Thanks Zidisha lenders for the first loan that you gave to me it was of great help to my business.
    I have again applied for the second one ,I humbly request for your help again.

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  • Francisca    May 2, 2015

    all is well business doing good

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  • Francisca    Apr 14, 2015

    Dear Lenders
    Just to let you know that I made the last instalment via M-Pesa as usual but unfortunately I never received any notification from safaricom ,when I tried again to resend after some time I received an sms that I have insufficient fund.Thus I have been following up with safaricom to see what was is the problem I have been calling their customer care number but all in vain .
    Today Iam going to their office here in Eldoret and then I will let you know ,otherwise if they will have not reversed by Friday I will pay double installment to cover up as I sot out with them.
    God bless you and sorry for inconvenience caused.

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  • Francisca    Mar 31, 2015

    Dear Lenders
    Thanks very much for your support ,My business is doing good and currently I managed to renew my business work license without any difficulty.God bless you all

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  • Francisca    Jan 14, 2015

    I THANK ALL ZIDISHA LENDERS FOR THE SUPPORT THEY HAVE GIVEN ME .I STAND TO REMAIN FAITHFUL IN REPAYMENT.GOD BLESS YOU

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