Entrepreneur
Name
Emily
Member since
January 2015
On-time repayments
203 installments • 28%
About Me
My name is Emily, married with two children. I finished my O levels in 2009 and I could not go further to college since I lacked fees for the same. I then resolved to do some small business of buying and selling of cereals before I got married.
Though this business was once in a while I managed to survive with the profits I made for my upkeep.
My Business
I restarted my business of buying maize and beans late 2013 because I realized that my customers had started looking for my goods. Buying of maize on season especially November - December is usually favourable since the farmers are selling at a lower prices compared to the other months of the year. Since my county is favourable for maize and beans I found out that dealing with these two commodities will not give me a lot of stress. Note that I need not to go far, I just buy at my home and customers just bring their produce to my door step.
I stock my maize and beans until the time when the prices have hiked up. For beans I usually wait until April when farmers will be looking for seeds, (initial price of 90kgs is at Ksh. 4500 while the price I sell is Ksh. 6500 i.e a profit of Ksh. 2000)
At times I sell them to nearby secondary schools for consumption, I don't incur any transport because they come for them. For the maize the initial price is Ksh. 2000 and I sell a bag(90kg) at Ksh. 3,000 thus a profit of Ksh. 1000.
The challenge which I face is the finance to buy more cereals because at times I receive a lot of bags but cash do normally limit my buying.
My profits I make from my business are usually used to reinvest in it, and also meet the other needs like paying school fees for my first born daughter.
Loan Proposal
Upon getting money from Zidisha team ,I will expand on cultivation of potatoes ,cabbage and onions on my small farm thus satisfying the needs of my regular customers next door. It is in this concept that I would be able to feed cloth and educate my two children who are now in nursery school nearby
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Loan Info
Project Type
Classic Loan
Disbursed amount
$90.00
Date disbursed
Oct 13, 2016
Repayment status
On Time
Projected term
47 months
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