Loan to buy fresh vegetables & tomatoes for sale

Silpa

Mbita Township, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Silpa

Member since

April 2015

On-time repayments

98 installments • 27%

About Me

I am Silpa Adoyo, I was born in 1976 in Migori County. I live in Kasgunga ward of Homa Bay County, Kenya. I completed my primary education but due to peer influence, I dropped off from school and got married at a very young age.

Marriage life was good but it was very hard to feed the two children we were blessed with in our marriage. Since my husband was also unemployed, I had no option but to venture into small scale business to be able to earn a living.

My eldest daughter has joined High School and youngest one is in final year of primary education. The business is supporting the family well and I look forward to expanding it further using funds raised from the ZIDISHA platform.

In my free time, I do visit my friends to share ideas and resources while encouraging one another.

My Business

I have run this business for the last 10 years. I am a small scale fresh fruits and grains trader mostly selling to the ultimate consumer, as my business has not expanded enough to make me a supplier. I mostly trade in fresh on farm products like; green maize (corn), rice, beans, green grams and lentils, to name a few.

I conducted some market research and did due diligence whereby I discovered that food products are very unlikely to lack a market because they are basic necessities. The target group for such kind of commodities is virtually everyone. Another motivation is that I wanted to contribute in food security and ensure it is done so by ensuring that my customers are always well supplied. I also need to operate with a license and the backing of the health sector, as the handling of food items is a sensitive matter. My monthly revenue is $ 90 on average and comes purely from selling the fruits and grains. My monthly costs go up to $40 on average, giving me a profit of around $ 50 per month. This profit goes towards my savings, my children education and meeting my family's expenses. I look forward to having a stable income from the business as it expands.

Loan Proposal

I need a loan of KES 18,024 to buy the following fresh food items;
- 20Kgs of green vegetables (kales) at KES 3,000
-10Kgs of cabbages at KES 3,000
-1 crate of tomatoes at KES 4,000
-3 crates of assorted fresh fruits (mangoes, avocadoes, oranges, pineapple and pawpaw) at a cost of KES 8,000 for resale in my food kiosk in Mbita Open Air Market. This loan capital if injected into my business, the profit ration will grow by 30% and the business will expand so fast to reach break even point.