44 installments • 61%
Am a pharmarceutical technologist by proffession and I quit working so that I employ myself.I benefited from a loan i took from Zidisha in 2014 i fully repaid the loan, i eventually sold the pharmacy and laboratory because if misunderstanding with my partner, i got a work contract abroad where i worked for about 5 years. I came back started a small business where i make gardening bags locally and sell them to clients,mostly those who reside in an urban set up where they have little to no farms but just some space around the compounds like gardens.
During this period i have learned a lot in terms of new technology farming in various aspects and various parts of the country.
i have changed lives and families have been happier on reduced spending on groceries
Since i have been able to have about 60 to80 clients in a month, i was looking to expand in another town and even employ people who can help me to deliver the products to clients. I first started this business with Ksh.30, 000,where the costs of the materials required cost about Ksh.28, 000.So starting a new branch will require about Ksh. 115,000, i already have Ksh. 35,000,I usually pay the laborers on a daily basis. The initial cost of chemicals and materials needed will be Ksh. 75,000,the labor costs around Ksh 25,000, Premise rental fee Ksh. 10,000.The license Ksh. 5000.The demand for gardening bags has gone up because of the COVID 19 Pandemic, which it has become essential for everyone to reduce spending since most people have been affected worldwide . Most families are learning ways of cutting unnecessary spending and extra ways of making income other than employment.I issue each client with a printed instructions on how to install the bags,sometimes i practically go and assist them on doing it .Therefore with our good services to clientele we already have a good market Thank you.
I will use the money from the loan to buy a roll of gardening bag materials and organic fertilizer that accompanies it.This is going to improve my business country wide since i have already got demand from customers who have with time been happy with my product and service i provide and follow their progress to the latter.Most families will have reduced spending since they can have their own groceries and some will earn an extra income from their groceries since they will sell to the market or other families.Since the Covid 19 pandemic many people have learnt to have extra way to earn since most people lost their jobs and income.
With this project is a life touching since food is an essential and basic need.
I am expecting that with this loan my business will have to 70% profits increment and this will make the business have growth.
My project is solving most of the issues families are facing now since having a garden that gives you groceries is a plus on savings.Most families and individuals are finding this as a solution to grocery spending and they invest in it.
The bags are paid on delivery , no one takes them on credit.Some clients even pay in advance.
We do deliveries on almost daily basis to clients...during this period i have seen a lot of improvement on the demand of the bags.
I have absolutely no doubt that i will have difficulties in repaying the loan on time
Jul 10, 2020
Cost to entrepreneur
Service fee: $15.97
Credit risk payment: $20.76