Loan to improve fresh vegetables & food stock for sale

Paul

Mbita Township, Kenya

47% repaid

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How it Works

Entrepreneur

Name

Paul

Member since

April 2015

On-time repayments

58 installments • 38%

About Me

I am Paul Ochieng Diela I was born in 1973 in the city of Nairobi and I went through my education in the city. I studied Procurement & Stores in College and graduated with Diploma but I could not get a job, therefore I decided to start a small groceries shop/kiosk to enable me raise money to meet my family obligations.

I have three children and the first born is in Class two. My children have got big dreams and I always tell them that sky is the limit.

In my free time, I do participate in Church activities like singing and visiting the sick in hospital. Mbita community where I grow, the cultural norms tend to look down upon women but with the new medias and information technologies, women are starting to have a voice and aspires to venture into small income businesses, I find this interesting and my background in procurement is helping me to reach out to women and mobilize them for active participation in economic development.

My Business

I have been in the business for more than two years now. I mainly grains, beans, avocadoes, maize and rice to the local residents. In my small food kiosk, I do sell french fries mostly at lunch time to the casual workers who prefers take away, and I do earn alot of money from the product as compared to other products which I sell only in the evening.

If I am offered this loan I will use US$ 70 to buy assorted fruits like avocadoes, mangoes, paw paw, oranges for sale and US$ 30 to renovate my structure (kibanda) so that I may attract more and more customer to add revenue.This is where I get my daily bread and hope with good capital i will expand.

Loan Proposal

I am seeking a loan of KES 20,024 to enable me purchase 5 bags of 90kgs of maize at KES 3,150 for re-selling at KES 4,000 each. This will enable me to make a profit of KES 4,250 per week x 4 = KES 17,000 per month. This is a profit increment of 45% from my current earnings. I will repay the loan on time and access more funds to enable me stock my cereals sale business in order to meet the huge food demand in Mbita township and her environs..