Inventory of cereals for a cereal store in a semi-arid area

Teresah Wamuyu

Kiptangwanyi, Kenya

100% repaid

Entrepreneur

Name

Teresah Wamuyu

Member since

January 2013

On-time repayments

217 installments  •  100%

About Me

I was born in the Central Province of Kenya (Nyeri). My parents were peasant farmers with some coffee plantation, only, to tend to. It was challenging for them to guarantee us a decent lifestyle. However, despite these limitations, my parents believed in my education. They did their very best to ensure I went to school. It’s heartbreaking that they are not here anymore to witness the results of their hard work and faith in me, but wherever they are, am sure they are smiling and proud of their efforts.
I ended up a teacher, teaching in primary schools. I taught for over 25 years until I decided to seek early retirement to focus on making my small business work.
I am married with four children. My husband is a primary school teacher. Thanks to God, my eldest son secured a job and is working towards cementing his career. The second born has just started his small business. My third born is in his 3rd year of university. He has been helping me out so much over the holidays in running my cereals business. He is very interested in joining me after university to try and scale this business. My only daughter, the last born, is in her 1st year in the university. She's studying for a career in the tourism & hospitality industry. It has been quite a struggle educating my children, but it is with God’s glory that we have managed.
Zidisha was very pivotal when I decided to start my business. A business, for me, was not only a means of meeting the needs of my community and creating a source of income, but also a way of liberating myself and empowering more of the people around me. I have always had a passion for helping people in need. Throughout my teaching career, I have lived with and accommodated different persons and treated them as family; ranging from a few orphaned kids, a HIV Positive girl, a son of a single mother, to my nieces who needed financial support. I do not do all these because I had any adequate financial capability, but rather because I felt it was the right thing to. That is why I look at my business as a means of not only empowering myself, but most importantly, a way of empowering my customers and persons I care about. That is my passion.

My Business

My recent loan application was intended to purchase motorcycles, which would help transport my products to far-flung remote areas. I tested this distribution model first by leasing out a couple motorcycles to do the transportation for me. It quickly became clear that motorcycles wouldn't transport the bulk of my products as efficiently as I would have liked. I, therefore, looked for and acquired a second-hand Toyota Carina sedan car for about $1,500 (I paid $1000 in cash and the rest in 10 monthly installments). Well, it's a cranky old car but it did the job...most of the time!
I managed to distribute loaves of bread (Elliot's) to retailers in my countryside. The year wasn't so bad either. Although the Kenyan elections affected my business a little, I managed to forge ahead by the trust of my customers and by the Grace of God.
My retail business grew into a wholesale business, and I saw a need to establish another shop on the opposite side of the road. Currently, am dealing in foodstuffs including flour, cereal, loaves of bread, and beverages like sodas and juices. This being a pretty semi-arid area, foodstuffs have the greatest demand. I also introduced clothes and kid's shoes. Oh, and I managed to send my youngest daughter to university! All thanks to the business and you, Lenders!

Loan Proposal

Once i get this loan, the breakdown of its usage will be as follows:
Purchasing 10 bags of maize cereals, where each goes for $26.8= $268
Purchasing 5 bags of beans, where each goes for $53.5= $267.5
Purchasing 5 bags of green grams, where each goes for $96.3= $481.5
Purchasing 2 bags of sorghum, where each goes for $96.3= $192.6
Transportation costs ( I will finance this with the profits realized from the one and a half months period i operated the store)= $183
The balance shall be held as a contingency against any unforeseen costs= $173.56

Getting this loan will be of invaluable importance to me in that i will be able to meet the pending orders. It will be of much importance to my customers in that they will be availed with an opportunity to purchase food products within reasonable range of prices as well as ensure food sustainability in our area all year round.
By purchasing in bulk as indicated above, my costs will be lower than they have been in the past months and therefore this will enable my profit margin to increase to an average of 30%.
I believe that a worthy business project is worth supporting since the benefits often trickle down ultimately to the consumer. This, according to me, is one such project and i believe is worthy of your support; be it your consideration or recommendation. I seek your support to help people within my locality by providing them with quality at affordable prices.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,452.18

Date disbursed

Jan 30, 2015

Repayment status

On Time

Projected term

23 months

Cost to entrepreneur

Lender interest: $1,452.18 at 5.20% annual rate over 23 months = $145.63

Service fee: $108.81

Lenders

T

Tmann

Los Angeles, United States

C

CWS

Huntington beach, ca, United States

W

WilsonLending

Atlanta, United States

H

Hilke

Bremen, Germany

R

Raabo

Rungsted, Denmark

investor

Candiac, Canada

J

johan

Oslo, Norway

P

Peter

München, Germany

torelizer

Reggio Emilia, Italy

P

Philippe

Adliswil, Switzerland

AdamP

Sunnyvale, United States

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

L

lmuenchen

Munich, Germany

José Antonio

Carapicuíba, Brazil

DeanDropshot

Oslo, Norway

I

ideerge

Mountain View, United States

EHTHighSchool

Egg Harbor Township, United States

Straetman

Kaarst, Germany

J

jozua

Delft, Netherlands

Raoul72

Naarden, Netherlands

H

Hynek

Brussels, Belgium

ZlataRoy

Cheltenham, United Kingdom

T

Tallago3

Munich, Germany

Zidisha

Sterling, United States

M

mogensh

København V, Denmark

BJ

Brandon Joz

North Carolina, United States

Jeff and Marcie

Portland, OR, United States

Apmay

Melbourne, Australia

B

blahblah

Nuernberg, Germany

RockinRobin

Centennial CO, United States

MichaelR

Los Angeles, United States

C

CheesemanDan

Shanghai, China

B

briansedz

Canton, Ohio, United States

Krtecek

Balzers, Liechtenstein

Crestwood

Hamburg, Germany

P

proby24

Singapore, Singapore

beverly

Vancouver, Canada

phytoplankton

United States

T

tmsaddress

Orlando, Florida, United States

cattlebaron

Pierre, SD, United States

pbosakov

Sofia, Bulgaria

J

jimmydjjr

Gautier, United States

dajawein

Gladstone, Australia

F

fourstarsfamily

Melbourne, Australia

Boysenfam

Boulder, United States

andreasol

Bielefeld, Germany

L

Loria

Vancouver, Canada

D

duckdork

De Forest, United States

Susansfund

Colorado Springs, United States

G

glomardor

Leonardtown, United States

M

markusfitza

College Station, United States

C

CarrotTop

Bangor, United States

P

penguin3694

Chicago, United States

J

JG2012

Brooklyn, United States

J

JoJoHouse

New Castle, United States

D

doinggood

Missoula, United States

E

EnhanceLife

Heber City, United States

Matthew

New York, NY, United States

S

samuk

Nottingham, United Kingdom

D

davide

Vallentuna, Sweden

Jouni

Finland

C

cczapp

Hilliard, United States

Jalene

Redmond, Oregon, United States

pentatonicscale

Niiza-shi, Japan

V

Va_Ce_Jo

Egham, United Kingdom

danielytao

Boston, United States

K

Katehar

Maple Valley, WA, United States

J

jwharding

Hamburg, Germany

ads68

Melbourne, Australia

T

Tamara

Tacoma, United States

N

NoelC

Chelmsford, United Kingdom

T

TaiwanUSA

New york, United States

J

janharg

Garland, Tx, United States

S

silsley

Cheltenham, United Kingdom

U

UmSaeed

Southfield, United States

D

Dave22202

Arlington VA, United States

Alina

Amsterdam, Netherlands

D

darkpella

Correggio, Italy

W

WellingtonPFClass

Columbus, Oh, United States

OlyRhys

Olympia, United States

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

L

lilbsedz

Raleigh, United States

T

Tui1974

nuenen, Netherlands

V

Valis

Singapore, Singapore

R

Rearden

STAVANGER, Norway

HMS_5th_Grade

Honolulu, United States

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

fairspirit

Utrecht, Netherlands

F

flaguy999

Tampa, United States

Bobrm2k3

Charleston, United States

P

prashant

SUNNYVALE, United States

S

solarkismet

Logan, United States

Cricketca

San Jose, United States

joaoferraz

RINCHOA, Portugal

A

amish

San Francisco, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

James

Paris, France

U

UTLonghorn

Lincoln, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

mikeoberhaus

San Francisco, United States

N

Navigator

Alavus, Finland

PulsoJewelry

Los Angeles, United States

sbyun

Toronto, Canada

Culli

Brooklyn, United States

J

jocke

Stockholm, United States

S

sarapho

Hawkestone, Canada

J

Justicar007

Longueuil, Canada

Zal0m0n

Atlantis!!!! x), Mauritania

S

smetis

Kananaskis, Canada

FriendinOregon

Hillsboro, Oregon, United States

P

Pavane

Kungsbacka, Sweden

W

wilma95

napa, United States

N

NickLuder

London, United Kingdom

T

ThereIsNoGod

Singapore, Singapore

A

alettore

Schleinikon, Switzerland

Kristrun Tinna

Reykjavik, Iceland

somuchjackson

Boston, United States

T

Tessa

Lake Mary, United States

J

jebediahFND

Oslo, Norway

R

rosebo

Bend, United States

H

happytrailsjpd

South Bend, United States

M

markus61

cologne, Germany

PlanetEarth

Somewhere close, United Kingdom

M

mibrahim51

Mountain View, United States

Evan Lamos

Brussels, Belgium

I

Iamzwolf

Middletown, United States

S

scottpz

branford, United States

G

GanSatya

United States

R

RohitSingh

Montreal, Canada

D

dj9812

United States

TomF925

www.AfricaLeap.com, United States

M

Morgan1301

United States

B

BobHope

United States

L

liseman

United States

D

DanielW

United States

E

elhh82

Petaling Jaya, Malaysia

pvilliger

Zurich, Switzerland

OP

Old People

Corona Del Mar, United States

Matching Fund

Sterling, United States

P

Peaches

United States

C

chrishol

United States

O

osubucks45

United States

G

geoff

United States

A

adiipienaar

South Africa

S

spivurno

United States

jonnyhj

Stockholm, Sweden

Paul Buchheit

Mountain View, United States

J

jenda

Czech Republic

J

jay12

Germany

L

Lender59

United States

M

mitchmk84

United States

mepster

San Francisco, Ca, United States

S

simonthompson99

United Kingdom

S

Sophia20450

United States

AndrewNeu

Ho Chi Minh, Vietnam

B

Boswags

United States

T

timnj

United States

J

JonAlec

United States

D

Desteli

United States

T

tehmle

United States

Grant Xavier Storer

Seattle, Wa, United States

J

jdelaporte

United States

M

Medagan

San Franciso, United States

K

KiraDee

United States

N

nshekher

United States

S

satheajay

United States

M

mcgeefamilyny

United States

Andrew267

Birmingham, United Kingdom

S

seanos

Nottingham, United Kingdom

B

BigRosie

United States

J

Jack123

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

Frank Termathe

Frankfurt Main, Germany

B

Bernhard

Baden - Baden, Germany

D

Doug

Baltimore, United States

K

United States

Cathy

Melbourne, Australia

MW

Matt Willis

United States

Daniel

Berlin, Germany

Angelina

Northants, United Kingdom

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

Ask Teresah a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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