Pishori rice supply

Ong'era

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Ong'era

Member since

April 2015

On-time repayments

108 installments  •  71%

About Me

Born and brought up in Kisii town. Grew up to join school at Bosire Primary School. Sat for my KCPE in 2005 only to join Moi Forces Academy, Nairobi. This was my first and greatest achievement. I loved my school and still love it till today. Cleared in 2009 with a feeling of satsified with every moment in school and with some shades of fear of missing my school. I remember studying till late hours of the night so as to up my grades that would see me join the national school of my choice. That of course came to be replication even in my high school life that has enabled me join Technical University of Kenya and pursuing a course of my choice-BSc. Mathematics.

My Business

Currently am doing supply of rice, pishori to some hotels in Nairobi town and individuals that have now subscribed for monthly deliveries. The products sell very well as its in high demand and customers love it because of its sweet aroma besides being that it is consumed by all and sundry. I choose this business because of my desire to establish a regional supplies company of foodstuff especially rice. I have to go out of my way to spend a good percentage of my time and finance to ensure the supply is regular and market satisfactory. The profits i get are reinvested for the purpose of growing business. This year -2016, I managed to secure a stall that acts as my business premises this came with some advantage in that i can introduce other cereals. i look forward to being innovative to maximize the use of the stall.

Loan Proposal

With my first loan i was able to acquire a weighing machine and that has made my customers very happy with the quality of product and services. I have had one challenge though; no specific point from which my customers can get the products easily and conveniently.With this loan i intend to secure a stall which requires $30 . I have intentions of increasing my stock from the currently 70 kg daily quantity to 150 kg which will cost $176.
From all these projections my net profit will rise from 30% to 45%. I have a desire to mentor someone through enrolling them as business partner which will eventually trigger them to start their own ventures also be independent

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Loan Info

Project Type

Classic Loan

Disbursed amount

$214.00

Date disbursed

Oct 22, 2015

Repayment status

On Time

Projected term

6 months

Lenders

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