Making bags for corn and wheat

Gabriel

Eldoret, Kenya

42% repaid

Entrepreneur

Name

Gabriel

Member since

January 2016

On-time repayments

27 installments  •  30%

About Me

I m called Gabriel Adika ,I was born in the year 1971 in Siaya County of Nyanza Province in Alego Usonga costituency.
I attend primary School between the year 1978 to the year 1986 in Uranga Primary School and given that I was the first born and my parent had ten children I was forced to stop at the Primary level because there was no enough money to pay for all of us the School fees and therefore I was forced to look for Casual job which was forced labor which was for construction which I did for a bout 15 years until I got a capital to begin my own business for making maize bags for sales.

After I had collected or saved 10,000 KES for for years then I trained as a tailor and then I begun the business for making serial bags for all kind of grain for Kenya National Serial and produce Bord for storing the Grains and also for small scale farmers or peasants in the villages around about this region.

The unique thing in my land is that every first born like me is suppose to provide for the family and for the parents as well even though he does not have a job like I was.
I am married and with six Children Four boys and two girls.
All my Children want to come Teachers and business when they grow up.
My hobby is singing at my free time with my family members.

My Business

I make new sacks or bags and mend the old one for grains and serials storage for my customers.
This kind of goods and services is in demand due to the fact that this is the region where ther are both large farm scale small farm scale therefore this kind of services is in high demand.
I chose this kind of business because it easy to ivest in ,it is very direct business it has no complication and because a good profit making.

My typical cost is 45,000KES.
This how I use the profit I get from my business.
1.Schhol fees for my children 25,000KES
2.Reinvestment in growing the busess 3,000KES
3.Homeme improvement10,000KE
4.Supporting parents 5,000KES

Loan Proposal

If I am funded with this loan amount then I will be able to buy 5 new Rolls of material for making Bags or Sacks at the price of 100 US Dollars.
This will create more jobs for others in that I will employ more 2 workers to help me do the work in my shop and this also will increase my income so much.

If this proposal is funded and latter implemented then I expect my business to increase by 40%.
Thanks so much Zidisha team and lenders in advance for considering funding me for the first time and I promise to be faithful.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Feb 9, 2016

Repayment status

Late

Projected term

6 months

Lenders

N

nani

austin, United States

B

bertvdlingen

utrecht, Netherlands

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