New stock lentils

Agnes

Parklands, Kenya

100% repaid

Entrepreneur

Name

Agnes

Member since

May 2017

On-time repayments

23 installments  •  78%

About Me

My childhood and education memories is one thing I can never forget.
I was brought up in a polygamous family, as a twentieth born child. My father was old and he passed on when I was in class 5. My mother did not have a formal job as she was illiterate. She spent her life doing small scale farming in my father's small land. She would sell the surplus supply in the market to meet other basic needs.
My mother was left with a big burden to bring up and educate her ten children. At a young age I would help her sell in the market to raise my fees and buy uniform.
I would also clean my elder brothers clothes to earn some money.
I passed well in my primary education and admitted to secondary school. I was always in and out of school due to school fees and started dropping in my grades. This made me join my mum business of selling chang'aa " local brew" to raise more money but my grades were still not improving due to luck of space to study and do home work.
None of my brothers or sister listened to my cry to be enrolled in a boarding school.
I dropped out at form three after being sent home for luck of KES 150/- to buy school diary. I stayed at home for three weeks, very depressed and annoyed wondering why no one was out to help.
I moved out of my mothers house and started living with a boy who had also dropped out of school at form two, and was now a fruit vendor.
I managed to enroll in college and started working until I started my own business of importing cars from japan.
We later divorced with my husband and I am now a single mother of two boys and two girls.

My Business

I import affordable used vehicles and sell locally in nairobi and mombasa. Iam a general insurance agent for UAP insurance and Jubilee insurance.
Recently I opened a small retail shop in my village Kangemi slum.

Loan Proposal

I will use my next loan to buy a new stock of Lentils. Lentils are a good source of protein and its highly consumed in my village.
One kilogram of Lentils will cost me USD 1.7 and I will resell to consumers at USD 2.4 therefore making a profit of USD 0.7 per kilogram. With KES 1900, I will manage to buy 10 kilograms of lentils which will give me a profit of USD 7.0

Feedback

1

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  • Helen Horseman    Sep 28, 2017

    Thank you for full repayment of your loan 100% on time Agnes. Best wishes for your business

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Loan Info

Project Type

Classic Loan

Disbursed amount

$19.00

Date disbursed

Aug 9, 2017

Repayment status

On Time

Projected term

7 weeks

Lenders

MarktheMormon

Sandy, Utah, United States

G

glh25

Winooski, United States

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

HH

Helen Horseman

United Kingdom

Frank Bailey

United States

Francesca

Scotch Plains - New Jersey, United States

Ask Agnes a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Agnes    Mar 24, 2024

    Demand for cereals is high thus forcing me to increase stock.

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  • Agnes    Jun 25, 2022

    I closed the business and now I have just reopened.

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  • Agnes    Feb 3, 2018

    Dear My Lender. Thank you for continuous support. I'm sorry for not updating you earlier as to reason for breaking and defaulting my weekly payments.
    My shop was vandalised and all stock stolen by election demonstrators. This caused me alot of pain but after counseling I'm now better and back to business. Through friends and relatives I have been able to restock my shop.
    Once again I beg for forgiveness for not updating you earlier.
    Thanking you again for your support.

    Agnes Mugo

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  • Agnes    Oct 17, 2017

    Dear my lenders, I thank you for your support and quick lending. I managed to buy new stock for my retail shop which I have been selling without any difficulties. The first week sales were low causing me to delay first installment but now the sales are
    good and I expect to finish my new stock within the next two weeks.
    Thanking you again. Agnes

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  • Agnes    Oct 3, 2017

    I will use my loan to purchase Rice for my retail shop. With this new stock, my shop is more stocked thus increased profits.
    Thank you lenders for funding me and the quick response.

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  • Agnes    Oct 3, 2017

    I use my loan to buy more cereals for resale and also add new products. I started with only red beans and maize but with zidisha loans I have also managed to buy lentils green grams and yellow bean.
    I always buy more stock with the profit I make and also buy in bulk. When you buy in bulk the prices are better than buying smaller quantities.
    The stock has also helped me to feed my children better as we consume the products too and save slot on food.
    Currently I'm supplying to my neighbours and the free delivering is increasing the demand.

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  • Agnes    Aug 6, 2017

    Dear Lenders. Thank you for funding my loan which will be used to buy new stock of lentils for my shop in kangemi. The loan will help me stock my shop more.
    Thank you again.

    Agnes Mugo

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  • Agnes    Aug 4, 2017

    Dear members and Lenders. Iam greatfull for the last loan as my shop is still expanding and have bought more stock of beans and maize.

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  • Agnes    Jun 28, 2017

    Dear Lender
    Thank you for funding my loan. The loan will be used to buy new stock of beans for my shop in kangemi slum.
    This loan means more stock which inturn gives me more profit.
    Thank you once again for your support to see my business grow.

    Agnes

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  • Agnes    Jun 28, 2017

    Dear Paul and other lenders,

    I thank you for your quick response to my first loan application. I was able to add stock to my shop, which I sold and got profit. I look forward to your continued support as I work hard to expand my business.
    I plan to buy half a sack of beans as new stock item for my shop with my new loan.

    Thanking you again

    Agnes Mugo

    Thanking you again

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  • Agnes    May 29, 2017

    Dear sir
    I received my loan of kes 499 and used it to add stock to my new shop.
    Thanking you for you once again.

    Agnes

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  • Agnes    May 19, 2017

    Dear Paul
    Thank you for funding my loan. The loan will help me add stock to my new shop. I intend to buy maize and beans for sale.
    Thanking you again
    Agnes

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