Motorbike to ferry eggs/cereals from farm to my store

Anthony

Kabiria, Kenya

100% repaid

Entrepreneur

Name

Anthony

Member since

January 2015

On-time repayments

323 installments  •  73%

About Me

I was Born in Lumakanda Village of Lugari Sub county, Kakamega County 30years ago. I grew up with a bigger vision, a bigger mind, a dream to becom a medical surgeon in this region of East and Central Africa. But wait, what happened to this great dream?
I started my Primary education there and eventually completed class eight with a certificate of Kenya Primary School Education(KCPE)
In 2001, I joined a local secondary school where I began to explore all the subjects that could eventually decide whether I could become a medical surgeon in future or not.
In 2004, I completed my High school and passed with credit of B+ but could not join university to do Medicine, instead, I decided to become an entrepreneur doing some business of raring Chicken and selling eggs at the same time. I eventually caught up. Imagine I started with one chicken, but by the time I was selling the stock that I had last December, I had 3000 Hens.I now decided to venture into Entertainment Business where I sell movies, cassettes, dvds and Cds of all kinds and latest arrivals in the cinema industry.

My Business

I currently duplicate and sell original movies, latest arrivals in the cinema industry, both DVDs and CD, of the latest Gospel and secular songs and TV series. I also run a video show where I show movies apart from selling them. Currently the generation that surrounds the environment where I stay is youthful.I mean 70% of my neighborhood consists of the youth who like watching such things, therefore its very worthwhile to sell them at affordable prices.
Through the Zidisha loans that I have raised first and second, my current business is worth 50,000KES.That's the movies and the video shows. So far I make a profit of 2000KES daily.
I intend to use these profits to revamp my retail shop that I began one week ago from the savings I had made from my business, save for my driving school fees that I intend to start earlier next year(2017) and also use it to take care for my family.

Loan Proposal

Dear lenders as I have stated above in my profile, I currently engage in two business that of selling eggs and cereals.
I have been facing difficulties in terms of transportation of my stocks which has become very costly. For instance on eggs I place two orders a week and since I purchased directly from the poultry farm the cost of transportation is on my side,so I always part away with 4 US dollars for every trip, so in a week I have to make two trips which translate to 8 US dollars every week. Same applies to cereals since I purchase them directly from farmers I have to incur the cost of transportation. I can purchase for instance ten 90 KG bags of maize to ferry them to my store it will cost me 10 US dollars which is costly.
This transportation costs has really affected my profits negatively,at times those who offer this transportation service just refuse to ferry for me with excuses such as the eggs are so fragile they can break any time, or where I have purchased the cereals is so interior and remote so they can't go there.That leaves me stranded and stressed up.
But that has challenged me and made me to look for my means of transport and more preferably a motorbike since a motorbike is more flexible in terms of accessing remote areas.
My lenders,I have eight bags 90 KG of maize that I intend to sell each bag @40 US dollars,this will give a total of 320 US dollars together with the 580 US dollars am going to raise here, I will buy a new brand motorbike @ 900 US dollars to help me in transporting my eggs and cereals to my store.
This motorbike will enable me not to incur any transportation cost hence increasing my profits,also this motorbike on days I will be free with it I will be hiring it and get 4 US dollars a day hence boosting my sources of income.
Also am planning to start supplying eggs on whole prices to small business in remote areas using this motorbike hence this will make my stock to move very fast and so I will realize increase in profits.
My lenders if I secure this motorbike its advantages are so immense towards my business.
Kindly help me realize it.

Show original English  

About Me

I was born in Lumakanda village of Lugari subcounty , Kakamega county 28 years ago. I grew up with a bigger vision, a bigger mind, a dream to become a medical surgeon in this region of East and Central Africa. But wait , what happened to this great dream?
I started my primary education there and eventually completed class eight with a certificate of Kenya Primary School Education (KCPE).
In 2006,I joined a local secondary where I begun to explore all the subjects that could eventually decide whether I could become a medical surgeon in future or not.
In 2009 I completed my high school and passed with credit of B plain but could not join university immediately to do medicine instead after two years I joined university (2011)and did a course in Bachelor of Arts - Sociology at moi university Eldoret until 2015 - September when I graduated with a second class upper Division.
Today am a holder of a bachelor degree in social sciences Sociology.
Since the rate of Unemployment and especially we the youths is very high here in Kenya and this has made the few opportunities available to be marred with a lot of tribalism, nepotism and corruption thus getting a job here in Kenya is a nightmare and especially to us who were raised and nurtured from a humble background families.

My Business

I begun my business immediately after graduating in 2015.
I ventured in duplicating and selling of original movie's in Kabiria Nairobi courtesy of my first loan from Zidisha and a few savings I had by then.
But due to high competition and hence few market for my business I relocated to Malaba border where I ventured into a new business in the year 2016.
From the savings I had I was able to start selling of cereals and later started a retail shop but later I did away with retail shop since the stock was moving very slowly I replaced it with eggs
Being a town majority of the residents don't use swifted maize flour since it is very expensive compared to buying of maize and taking it to a nearby posho mill for grinding. This makes my sale of maize to flourish.On eggs I import them at cheaper price from the nearby Country Uganda at a cheaper price and sell them at relatively fair prices at wholesale and retail.This has highly made my stock to move very fast hence making good profits.
Through zidisha financial support today my cereal business is worthy 300 US dollars and my eggs business is worthy 150 US dollars.
So far I make a profit 10US dollars daily.
My profits I always use some to reinvest into my business, repay my loan at zidisha, some to pay for my bills,rent and licenses.The rest I use it for upkeep of my family.

Loan Proposal

Dear lenders as I have stated above in my profile, I currently engage in two business that of selling eggs and cereals.
I have been facing difficulties in terms of transportation of my stocks which has become very costly. For instance on eggs I place two orders a week and since I purchased directly from the poultry farm the cost of transportation is on my side,so I always part away with 4 US dollars for every trip, so in a week I have to make two trips which translate to 8 US dollars every week. Same applies to cereals since I purchase them directly from farmers I have to incur the cost of transportation. I can purchase for instance ten 90 KG bags of maize to ferry them to my store it will cost me 10 US dollars which is costly.
This transportation costs has really affected my profits negatively,at times those who offer this transportation service just refuse to ferry for me with excuses such as the eggs are so fragile they can break any time, or where I have purchased the cereals is so interior and remote so they can't go there.That leaves me stranded and stressed up.
But that has challenged me and made me to look for my means of transport and more preferably a motorbike since a motorbike is more flexible in terms of accessing remote areas.
My lenders,I have eight bags 90 KG of maize that I intend to sell each bag @40 US dollars,this will give a total of 320 US dollars together with the 580 US dollars am going to raise here, I will buy a new brand motorbike @ 900 US dollars to help me in transporting my eggs and cereals to my store.
This motorbike will enable me not to incur any transportation cost hence increasing my profits,also this motorbike on days I will be free with it I will be hiring it and get 4 US dollars a day hence boosting my sources of income.
Also am planning to start supplying eggs on whole prices to small business in remote areas using this motorbike hence this will make my stock to move very fast and so I will realize increase in profits.
My lenders if I secure this motorbike its advantages are so immense towards my business.
Kindly help me realize it.

Feedback

3

None

None

  • nicole    Aug 29, 2019

    Paid on time - I would gladly lend to you again!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$675.00

Date disbursed

Apr 10, 2018

Repayment status

On Time

Projected term

16 months

Lenders

nicole

Worcester, Ma, United States

Paul and Rachel

London, United Kingdom

B

bileiro

Mandaluyong, Philippines

iggwag

Kilifi, Kenya

Suman

Gold Coast, Australia

KieranB

Ireland

I

Ian

United Kingdom

Stephan W

Witten, Germany

Vratik Krocik

Prague, Czech Republic

Paul Buchheit

Mountain View, United States

Katja

Switzerland

Ryan Agnew

Australia

J

Netherlands

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  • Anthony    Jan 29, 2022

    Hi lenders allow me to reduce my installment due to tough economic times here in Kenya.

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  • Anthony    Nov 19, 2021

    I wish to reduce my installment to due hard economic situation am experiencing,kindly bear with me.

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  • Anthony    Nov 14, 2021

    Hello lenders am still recovering in my business,I just plead with you to understand me,and allow me to pay the little amount I get.thanks.

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  • Anthony    Oct 5, 2021

    Hello lenders my business is facing financial challenges as per the moment hence things are tough on my side,kindly bear with me please.

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  • Anthony    Sep 29, 2021

    Hello lenders am facing ups and downs in my business in terms of capital and that's why am unable to repay my loan as agreed.Kindly bear with me because I need to look for capital somewhere so that I can revamp into my business.

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  • Anthony    Sep 23, 2021

    Hello lenders since the coming of Corona and now rise in fuel prices abnormally here in Kenya my business is not doing well and that's why am staggering in my repayment.

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  • Anthony    Sep 23, 2021

    Hi lenders am reducing my installment because my facing hardship in my business especially now when the fuel prices has gone up thus affecting my business.

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  • Anthony    Sep 2, 2021

    Hello lenders I have been facing ups and downs in my business especially the last months of August castigated by frequent sickness and even death that affected by business negatively.
    But it is my prayer that this month of September this are going to normalize and start repaying my loan.

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  • Anthony    Jul 20, 2021

    Hello lenders am experiencing hard times in my business that's why am reducing my weekly installments this bear with me.

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  • Anthony    Jul 20, 2021

    Hello lenders am adjusting my weekly installments due to hard times my business is undergoing this time of corona.

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  • Anthony    Jul 20, 2021

    Hello lenders things are tough on my side,my business is struggling in this covid pademic so i beg for your patience please.

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  • Anthony    Jun 9, 2021

    Hello lenders kindly bear with me,things are tight on my side the economy is very poor hence business is very low.allow me to be paying in small amounts.

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  • Anthony    Apr 28, 2021

    Hi lenders am adusting my installment again since my business is still to recovery.

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  • Anthony    Apr 13, 2021

    Hi lenders am adjusting my installment once again because am still not stable in my business.

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  • Lilian    Apr 10, 2021

    I have not spoken to Antony but managed to get Raydon who is his references who has promised to check on him and remind him of his loan repayment

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  • Anthony    Apr 3, 2021

    Hi lenders my business is still not doing well that's why I opted to reduce my installment, kindly bear with me.

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  • Anthony    Mar 27, 2021

    Hi my lenders am still struggling with my business,but I have high hopes things will be better.

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  • Anthony    Mar 14, 2021

    Hello lenders my business is yet to be stable ,I beg you bear with me as I try my level best to bring it in order.

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  • Anthony    Mar 11, 2021

    Hello lenders am adjusting my installment again this time round since things are still hard on my side.

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  • Anthony    Feb 25, 2021

    Hello lenders my business is not doing well nowadays that's why am reducing my weekly installment.

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