Purchasing corn and beans from farmers for retail

Joseph Mutie

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Joseph Mutie

Member since

July 2014

On-time repayments

106 installments  •  77%

About Me

My name is Joseph Mutie. I am married with three kids aged 19, 4 and 2.

fkjksdjka kfkadjfkajdfk kfjakjdf My name is Joseph Mutie. I am married with three kids aged 19, 4 and 2.

fkjksdjka kfkadjfkajdfk kfjakjdf My name is Joseph Mutie. I am married with three kids aged 19, 4 and 2.

fkjksdjka kfkadjfkajdfk kfjakjdf

My Business

As stated above, I run multiple business ventures. This is made possible by the assistance I get from my wife and two workers who carry out most of the day to day activities.

I started this business since I have an advantage in that I buy cereals from my hometown where I am well known by the producers. This gives me a competitive edge since I am able to buy at relatively low prices and this increases my profitability.

Apart from my salary, I make an net income of about $300 per month from my business.

Loan Proposal

As stated above, I run multiple business ventures. If funded, I would like to inject these funds to my retail shop. I intend to buy cereals during the harvest season which is around the corner. I will be able to purchase the produce at a low price and then sell them at a profit later on. The $150 loan will be spent to buy corn and beans as shown below.

90kg of corn $60
60kg of beans $82
The above are the staple food of the local community and I am sure I will make a tidy profit from this venture. I have a long experience in this business and therefore I will be able to make repayment without any problem

Thank you.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jul 26, 2014

Repayment status

On Time

Projected term

8 months

Other loans

Lenders

J

jeffb

United States

karestan

Toronto, Canada

Sombreronick

Mainz, Germany

C

CarrotTop

Bangor, United States

M

marcelitohb

Bremen, Germany

P

PHU99

Zwingenberg, Germany

J

Justicar007

Longueuil, Canada

Sarasota

Sarasota, Fl, United States

T

thebonseung

Republic of Korea

L

lamar

lamar colorado, United States

Matching Fund

Sterling, United States

J

JeffH

United States

E

ElsieHoward

United States

K

KiraDee

United States

P

Prometheus

Duisburg, Germany

SV

sven vdk

Twickenham, United Kingdom

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

Loading...

Loading...

Loading...