Wholesale and retail sales of peanuts
Josphat
Kawangware,nairobi, Kenya
83% repaid
Entrepreneur
Name
Josphat
Member since
February 2017
On-time repayments
82 installments • 57%
About Me
i was born in 1987,my dad had two wives and my mum was the the younger in the marriage.as the second wife she only expected a duplicated love since the only true and original love was hold fast by my step mother.being the second last born in a family of 8 children entered my primary education in 1995 doing Kenya certificate of primary school{K.C.P.E} attained 327 marks B+ in 2003, at kwanyingi primary school,this time my dad was working in a pastoral center but was convinced to resin from the job by my step brother so that my education might not proceed,was called in katheka boys secondary school{ a provincial school} something that trembled the step family and seduced my dad to claim that '' I'm old and can not afford to pay your secondary education''these word didn't only broke my heart but strengthened my faith in God,2days of fasting kneeling before the Eucharistic lord and the doors to my secondary opened ''Jeremiah 32:27 -I'm the lord the God of all mankind is there anything too difficult for me? Used to be send home for school fees and sometimes would remain in school during holidays working so that the wage be transferred to my fee arrears,completed my Kenya certificate of secondary education {K.C.S.E} 2007 with attaining grade C+.2008 i came Nairobi where am working up to date.have faced many challenges like my both parents passed away,dad died in 2012 suffering from prostate cancer and asthma {period of his suffering 2008-31/10/2012}, and mum died in 24/08/ 2014 suffered from stroke and high blood pressure.worked in2008-2009 airtel shop,under farahok communication services l.t.d, 2009-2012 sale executive worked in wincompservices limited( www.wincomservices.com)as sales and marketing executive due to underpayments i left and started my business early 2013 the sales of peanuts as indicated earlier with an aim to further my studies.when given opportunity I can join a university.one thing i like in Nairobi is highly populated people from different parts of the world with positive attitudes to new products.my business has never been a burden to me as well as the retailers whom i supply in whole sale prices.i like investing and singing psalms.
My Business
i usually by raw peanuts i either,roast them,or coat with gram floor deep frying packing and selling in whole sale.its a new product so every body is flocking to have a test,so sweet has fat in it and gives the body strength and a smooth skin they are proteins,many people use them for break fast in stead of bread can use as an escort to the tea.is consumed by all regardless of the age,financial status since the parking starts as little as ksh:10/= per packet,cheaper than the fast moving snacks in the city. the business does not stress me since with ksh:500/= I can still afford the raw materials for the same.am free to attend classes and gives an opportunity to share the ideas with other business people since i make direct sales to retailers.am able to attend religious ministries like Vinicentian ministries www.vincentian ministies.org.after every ksk;1000 i use for raw materials can give at least ksh;300/= and have been spending the profit to build and support my siblings, am saving to further my studies as well as improving my business.i support church activities.
Loan Proposal
i will use the loan to purchase 100kgs of peanuts @ksh:15000 whole sale but retail is ksh:170 per kg so will go for whole sale of 100kgs its cheaper ,13kgs of butter fly flour for coating @90 per kg total 13ksg 1,170,cooking oil 20ltrs jerican @ 2500,packing papers (3x4 ,50pkts @ ksh:25pkt total ksh:1250,9x15,110pcss @ksh:1.8 total ksh:198,)tropical heat turmeric 3/4kg @kasha:300,hot chilly 1/2 kg(500grams) @ ksh:160, i ussualy use either gas or electricity for cooking of which now they are ready. total cost of raw materials ksh:20,578 it will give me between 115 to 120 packets each containing of 40pcs, per packet at whole sale price is ksh:300 per pkt. so total sales will be between ksh:34,500 to ksh:36,000, leaving a profit of between ksh:13,922 to 15,422.when give an opportunity i can supply this per week since many suppliers have dropped down due to high cost of raw materials and have no competitors at the moment. i ussualy get atleast an average of ksh:700-900 per day as the profit and now will try my best to atleat have ksh:1500 to 2000 per day.this will help me to pay my loan in advance,raise my fee balance of ksh:23,000,help church activities in saint francis of assis catholic church we are buying a new plot in gatina kawangware 56,will help my siblings for further studies as i improve my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$179.00
Date disbursed
May 26, 2017
Repayment status
Late
Projected term
17 months
Other loans
Lenders
United States
United States
United States
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