Distributing sweet potatoes in urban areas

Vincent

Kisumu, Kenya

100% repaid

Entrepreneur

Name

Vincent

Member since

March 2020

On-time repayments

15 installments  •  40%

About Me

I'm a hard working man dedicated to the goals individually set to help reach for the intended way of ascension to the top and higher levels of economical and financial stability. I've engaged myself in several personal and communal programs especially the treasury department thus equipping me with sufficient knowledge in matters partaining to finance and the economical ideas together with the correct ways of handling money at all the different levels of financial growth. In addition to the stated story above ,my first experience and how I've worked with the Zidisha group you guys are of great help and in the near future hoping to partner with you to help me too grow and all these hope can develop trustworthiness even at personal levels especially in handling money.Several ideas of mine that is both agricultural and in terms of business are yet to be implemented but less strong financial support,alot of time can be in wait for the success in the full implementation and at last getting back of the fruits of hard work and partnership with you hoping you'll consider my request and be of great help to me.Thank you

My Business

Am happy for the business concern. To start with,my business mainly deals with the trading in agricultural products because as stated above,I venture alot in business and agriculture. The agricultural products maily sweet potatoes are an area of great business opportunity because of the large scale farming locally done. So to make something out of it,the potatoes are handled both in wholesale and retail though I personally do large scale farming. My business deals with the buying and the transportation of these potatoes to the diverse areas where there is craving for this product like along the ahores of lake Victoria. Talking of the income gotten from this business besides the agricultural part,the income is gotten when the potatoes are gotten locally that is cheaply then sold to retailers around the market places but at times sold personally which I consider the best with great returns disadvantage being alot of time consumption. So out of this income made can range between seven thousand to fifteen thousand a week that is off peak and on peak minus the expenditure which doesn't go beyond five thousand a week.
Another source of income in this sector is being a broker where I get sweet potato customer and link that up with the farmers hence earning a commission of not less that twenty percent of the total transaction done in the whole of that business done.
The future plans are increasing the stock for the wholesale and retail of the potatoes being that the lockdown in the country majorly Nairobi and the coastal counties can be extended to the local areas thus will affect direct interaction between the farmers, wholesalers, retailers and the final consumers hence the business will be down so I need your support this crucial moment. Thanks in advance.

Loan Proposal

As earlier stated that I commonly deal with the agricultural products business where the goods are collected from remote areas of the farms and given way out into the local markets being that now the pandemic can't allow diverse transportation of the goods to the urban center. There is high market in the urban centers but the the transportation cost is also high, therefore the loan is to fund the goods and products specifically sweet potatoes to the urban center where the returns are high and after the deals are done,the returns are sizable enough to help refund the loan.

Income Source

The pandemic has totally affected all sectors of economy and to all the people,lives are shaken with financial instability to the hand to mouth citizens,to help in maintaining the running of the business no matter the case at hand,there are various adjustments that are in place to help sustain the business at all levels of economy in various situations. First of all the business is abiding by all the rules laid by the government to help contain the pandemic,this means that the business can run in almost all the parts previously covered especially the urban centers hence because of reduced supply of sweet potatoes because of government restrictions in place,most competitors are out of business meaning business is thriving well hence the great returns are used in paying all the business expenses in place and necessary payments like loans taken to fund the business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$47.00

Date disbursed

May 22, 2020

Repayment status

On Time

Projected term

2 months

Lenders

MarktheMormon

Sandy, Utah, United States

Jason

Auckland, New Zealand

WE

Wendy Emlyn

Devon, United Kingdom

S

Simon

Germany

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