Money for a bicycle

Entrepreneur

About Me

my name is meshack aguda.i am afourth born in a family of 8.i went to ramba primary school and later ramba secondary where i finished my fourth form.after high school,my parents could not afford my college fees because they had to provide for my other siblings.since my parents depend on farming for our livelihood and with the current change in climatic conditions,rainfall has been limited and therefore production has been adversly affected,consequently,i had to look for a way out and do something that could be of economic significance to both myself and my family.

My Business

i therefore started poultry farming with 100 laying birds.unfortunately,my birds got infected with newcastle and consequently all of them died.after recovering from that shock,i had to devise a way out.since i couldnt manage to procure new chicks due to financial constraints,i sold my ram which was the only asset i had at that moment for 3280KES.with the proceeds from that sale,i moved to Kisumu which is the nearest town from home upon invitation by a friend.it is upon my arrival there that i saw an opportunity that i could grab bearing in mind the meagre capital i had.i started buying eggs from afarm near where i stayed starting with 10 trays of eggs.out of this,i boiled half them starting with a tray a day since people liked buying boiled eggs.buying an egg at 8KES and selling at 15KES,i managed to get a net profit of 5KES per egg because the 2KES used to go to the cost of charcoal which was the fuel i used to boil eggs with.i started by selling a tray aday gradually expanding to a point i could sell 5trays aday cormfortably hence netting approximately 750KES daily.since the demand outweighed supply at the farm where i used to buy eggs,i had to source for eggs outside town in order to keep my clientele.as a result of that venture,i have been able to assist my parents in paying fees for my other siblings and to live in asingle room in town.

Loan Proposal

i would like to purchase anew bicycle.this will cost me approximately 90 dollars.getting a new bike will help me reduce on the expense of transport and consequently save a lot.i use around KES50 to KES100 on a daily basis.this is money that i can use to grow my business when i save it daily.it would further help me increase sales because i would be covering long distances without much hustles.furthermore,it is cheap easier and economical to maintain a bicycle.this will enable me to pay back my loan and also help me support my siblings.thanks in advance!

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