Loan to buy fresh vegetables & tomatoes for sale
Silpa
Mbita Township, Kenya
100% repaid
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.
Feedback
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$187.00
Date disbursed
Jul 25, 2015
Repayment status
On Time
Projected term
5 months
Other loans
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Summary
Amount repaid
$195.41
Amount remaining
$0.00
Date repaid
Nov 11, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 2, 2015 | $12.37 | Aug 1, 2015 | $12.37 |
| Aug 9, 2015 | $12.37 | Aug 13, 2015 | $7.22 |
| Aug 13, 2015 | $5.15 | ||
| Aug 16, 2015 | $12.37 | Aug 15, 2015 | $12.37 |
| Aug 23, 2015 | $12.37 | Aug 21, 2015 | $12.37 |
| Aug 30, 2015 | $12.37 | Sep 4, 2015 | $8.25 |
| Sep 4, 2015 | $4.12 | ||
| Sep 6, 2015 | $12.37 | Sep 11, 2015 | $4.64 |
| Sep 14, 2015 | $7.73 | ||
| Sep 13, 2015 | $12.37 | Sep 15, 2015 | $6.70 |
| Sep 21, 2015 | $5.67 | ||
| Sep 20, 2015 | $12.37 | Sep 21, 2015 | $11.86 |
| Sep 26, 2015 | $0.52 | ||
| Sep 27, 2015 | $12.37 | Sep 26, 2015 | $7.22 |
| Sep 30, 2015 | $4.64 | ||
| Oct 4, 2015 | $0.52 | ||
| Oct 4, 2015 | $12.37 | Oct 4, 2015 | $6.19 |
| Oct 6, 2015 | $6.19 | ||
| Oct 11, 2015 | $12.37 | Oct 6, 2015 | $2.58 |
| Oct 11, 2015 | $9.79 | ||
| Oct 18, 2015 | $12.37 | Oct 20, 2015 | $7.73 |
| Oct 24, 2015 | $4.64 | ||
| Oct 25, 2015 | $12.37 | Oct 24, 2015 | $3.61 |
| Oct 25, 2015 | $6.70 | ||
| Oct 26, 2015 | $2.06 | ||
| Nov 1, 2015 | $0.00 | ||
| Nov 8, 2015 | $4.12 | Nov 5, 2015 | $4.12 |
| Nov 15, 2015 | $4.12 | Nov 5, 2015 | $3.61 |
| Nov 7, 2015 | $0.52 | ||
| Nov 22, 2015 | $4.12 | Nov 7, 2015 | $4.12 |
| Nov 29, 2015 | $4.12 | Nov 7, 2015 | $4.12 |
| Dec 6, 2015 | $4.12 | Nov 7, 2015 | $4.12 |
| Dec 13, 2015 | $4.12 | Nov 7, 2015 | $4.12 |
| Dec 20, 2015 | $4.12 | Nov 7, 2015 | $4.12 |
| Dec 27, 2015 | $5.72 | Nov 7, 2015 | $4.12 |
| Nov 11, 2015 | $1.60 | ||
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