Said

Busia, Kenya

100% repaid

Entrepreneur

Name

Said

Member since

January 2014

On-time repayments

50 installments  •  30%

About Me

Am said kabwere .I was born and grew up and live in Busia town. I schooled at Eldoret Muslims high school .
after school I started a business of selling cereals from farming homes and selling them to at the market on my own .the business to help me and my mother to keep life going on .from these business I have been able to pay may fees since my mother has been having a challenge of life.i was able to start business from my small pocket money had saved plus the support from my mother and the soft loan got from my uncles I started these while I was in form 4.
I started the business with ksh.15,000 which I started t with 4 sucks of maize at 2,500 I did these at Matayos market .after school I had raised enough money that I was able to get to town and secured a place busia market . I had a lot of customers that encourage me and know am proud because I know by maize from Kenya and sell in Uganda market .
Currently I have a stock worth 100,000 which is so impressive to me which has give the hopes of getting these loan to so as to increase my stock .
I started the business so as to create job opportunity after school and to be able support my family.

My Business

I Am a clearing and forwarding agent at the Busia border with ramsford company .apart from that I buy and sell cereals from Kenya to Uganda sofia . my office located at the border at busia communication house on grown flow the last door.
I sell maize, beans and green grams .The demand is high the fact that Busia is situated in Kenya Uganda border so most of my customers are those who want to cross the border especially those who clear the vehicles and these their people who works here in town.

My business is profitable because I have so many customers so the more I serve the more i earn especially those from schools . The challenge am facing is just lack of capital to expand my business the demand is high than I have. and also to get a bigger store for my goods.

My monthly usage is as follows KES 80,500 transport ,KES 600,000 for the stock ND 200, 000 for other expenceses like buying sucks .profit ranges from KES 40,000-45,000 per month. The loan i will used to modify my business and its the business that will repay the loan. And with these I will be able to support myself and family with less stress.

Loan Proposal

My dream has always been to fly high but have been lacking wings to fly because my business have never found something good like this!!!!Thank you in advance for giving yourself out and lay trust on me to give me and my business wings to fly higher.

The money i am going to get from you i am going to buy cereals from Uganda and stock due to the fact that at the the moment the prices are low in Uganda and come and sell then in Kenya at a higher price.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$250.00

Date disbursed

Jan 9, 2014

Repayment status

On Time

Projected term

4 months

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