Maize, rice, and sugar inventory for retail shop

Victor

Iten Kaptoo Village, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Victor

Member since

February 2014

On-time repayments

228 installments • 69%

About Me

PERSONAL PROFILE
KIPKORIR VICTOR KIBOR
Iam known by the following names,born in 1984 kokwao sub-location Tambach division
In Keiyo district.I went to kokwao primary school and finished in the year 1999 thereafter joined Tambach Boys high school for four years.In the year( 2005-2006),went to Mbale progressive high school Uganda for A-level.
In the year (2009-2010),went top Regions group college and acquired a diploma in Business administration thereafter joined Kenya college of accountancy for a professional coure in Certified public accountant.
In the year 2014, i enrolled for a degree course in BCOM Kisii university and i graduated in Dec 2017
Currently in the year,2012 to date,I am employed in Transmara sugar company as an accountant.married in 2013 and blessed with 2 children.

My Business

TRACTOR FOR CANE HAULIAGE TO THE FACTORY FOR CRASHING:
Due to an increasing urge from the community, I opted to purchase one tractor for transporting cane to the factory .The cane will be carried to the factory and crashed and the end products that is Sugar will be used by the community to improve their livelihood's.
The reason for choosing this kind of business is due to an increasing demand by the businessmen for ease of transport of their cane. I have bought 1 tractor complete with a trailer and iam planning to add another one for efficiency.

The costs incurred in this case is as below:
1.A tractor Kes 1,500,000=USD 12,820/
2.Trailer Kes 500,000=USD 4,275/
3.Other spares Kes 200,000 =USD 1,709/

Total=USD 18,804/
The profit received from this will assist me in adding more tractors and employ some casuals in day to day tasks.
With this regards,I thank Zidisha team for there financial support and unity and I hope we shall be together as far as terms and conditions is concerned.
Thanks&Regards.

Loan Proposal

fast running commodities since December last year and the business has been really doing good.
I also suggest since the maize production did not do well in the last year's harvest that is why the food stuff such as rice, maize mill, and many more due to lack of good harvest and therefore they are in demand. I am proposing for the next inventory budget as below:-

Maize flour 1KG - KES 1800X2 BALES =3600
Maize Flour 2KG - KES 2300x2 bales = 4600
Rice 50KG - @ KES 8,000 X2BAGS = 16000
Sugar 50KG - @ 4300
Transport KES 500
TOTAL proposed Budget KES 29,000
US Dollars 322.544