Producing maize flour

Patrick

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Patrick

Member since

September 2017

On-time repayments

34 installments  •  47%

About Me

My name is Patrick onyango. I was born 1996 in kisumu, Kenya. I was brought to nakuru in 2006 to live with my uncle who was a great business man. I used to go to school and on weekends I work in my uncle's shop. I there for grow a great interest in Business. After I finished my secondary education I joined egerton university where I pursued a degree In business management. I worked with private company for one year where I was able to save money from the salary which I was paid on a monthly basis. On the January 2018 I had a total of 75,000Ksh with which I was in good position financially to start a small business venture. My business of choice was maize Selling. I purchased poshomill which costed 60000. I used the remaining 15000 to buy inventory and the set up of the business.

My Business

My business involves buying maize from farmers and wholesalers and then I sell it to the consumers in the urban area of nakuru where my business is located. I sell it in three forms because of different customer preferences. I sell it as unprocessed maize for customers who go to stock it in their homes, secondly as maize flour where I process it using my poshomill and lastly as an improved maize flour commonly called number one. It is relatively a profitable
business in Kenya because it has got a steady supply and also ready market . As any business I face a lot of challanges. First, stiff competition from well developed maize millers. Second, inadequate capital to purchase more stock for my business.

Loan Proposal

I will use the loan to purchase more stock for my business. this will lead to an increase in sales hence increase in profit margin which I will use to pay the loan

Income Source

My business is fast food and grocery. The coronavirus has not affected it businesswise because what I sale is basic food and fruits. Given the loan I will purchase more stock which the market is already available at the moment.

Feedback

1

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  • Helen Horseman    Oct 17, 2017

    Thank you for full repayment of your loan 100% on time Patrick. Best wishes for your business going forward

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.00

Date disbursed

Jul 10, 2020

Repayment status

On Time

Projected term

1 week

Lenders

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