Loan to buy farming equipment

Entrepreneur

About Me

I am Peter Mwaura. I was born in Nakuru county but later re-located to Mombasa where I run a small scale business. I am married to one wife with two children - a girl aged 9 years and a boy aged 5 years and they are both in school. My wife is not in formal employement and I am the sole bread winner of the family.
I live in a rented house and I do business in Mombasa town which is about 8 kilometers away where I use public transport to get there. I am a hardworking person and I believe I can take my business to even greater height if given the much needed credit from Zidisha.

I promise to use the money wisely and for the purpose of expanding my business only.

My Business

My business entails selling small quantities of hardware materials namely, plumbing materials, chains, nails etc. I normally source my supplies from wholesalers but I also deal with second hand materials. My monthly income after all the expenses is an average of $200.00. My desire is to increase my stock to include electrical materials so as to boost my income. The demand for this materials is very high in Mombasa due to the rapid expansion of the city. My main handicap is finances to expand my small business.

I therefore appeal to lenders to assist me raise this amount so as to realize my dream.

Loan Proposal

This is my second loan application at Zidisha having successfully repaid the first one. This time, I want to expand my horizons and invest in farming equipment. Our Kenyan government is currently encouraging young people to move from urban areas and go to the countryside and do farming so as to curb the rural-urban migration.

I want to take this advantage and stock the following farming equipment

1. Assorted hoes - 20 pcs at a total cost of $180
2. Fork Jembes - 10 pcs at a total cost of $100
3. Slashers - 15 pcs at a total cost of $80
4. Spray pumps 4 pcs at a total cost of $100

I have done proper feasibility study and I am sure this will be a success just like the first project.

Thank you.

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