Purchasing corn and beans from farmers for retail

Joseph

Mombasa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Joseph

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.

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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.