Planting inputs for my agrovet
Maxwell
Kigumo Town, Kenya
$426 to go
19% funded of $526 goal
0
days left
Entrepreneur
Name
Maxwell
Member since
July 2014
On-time repayments
231 installments • 57%
About Me
I am the second born in a family of eight. My parents are peasant farmers who by feeding us with a meal is luck because it is hard to get one. I have undergone my O levels and college education where it was so difficult for me to be in school throughout. I had to work for four days in a week to raise my education fee and go to class the rest week days. It reached somewhere that I couldn't be able to go to class again and became a street boy for sometime. In my family i am the breadwinner hence i must work extra harder to meet my families and my needs.
I successfully opened a small kiosks way back in 2010. I used to sell animal feeds only but since i joined Zidisha i have been dealing with animal feeds and mineral licks.
My Business
My business has got a title by name Stop-over Agrovet. It is situated in Kigumo town Kiambu County, in Kenya. In my business I have employed one person whom we work with I buy several bags of animal feeds and sell them by either the whole bag or by measuring it into kilograms. In our area daily farming is our economic activity hence making the product to move at a high speed. I buy 10 bags of animal feeds in a week at a cost of 25,000/= and sell them in the same week at a cost of 30,000/= making a profit of 5,000/= a week and in month time pocketing 30,000/= profit. I also sell mineral licks in my business.
If i expound on this figures i am capable of making good profit annually. Am now focused on expanding my business on higher heights and open up other related business branches in my neighbouring village. I also would like to introduce dairy related products and make my business a dairy farming hub for all farmers. Since I joined zidisha, I have grown economically because from the loans I had previously applied from zidisha have helped restock my business. I will be glad if Zidisha Microlending Movement will consider my proposal and fund my business.
Loan Proposal
Hi zidisha lenders, I won't despair until you fund my project, thanks. Dear lenders am humbled to apply for a loan of ksh 54000. In our country we are experiencing rains and everyone is looking for seeds, seedlings or cuttings to plant at this season. Am going to purchase seeds and fertilizer for my agrovet for this season. I will buy 10 dozens of maize seeds at a cost to ksh 27000. This includes high altitude and low altitude maize seeds for planting. I will also buy 10 bags of planting and topdressing fertilizer at a cost of ksh 27000. All these products will help fight hunger in our location and other neighboring locations because of availability of planting materials. From the sale of the farm inputs above, I will make good profit and I don't want to make exorbitant sales to my customers since some will go without planting if I do. I promise to make my repayment installments in time to zidisha. I will be glad when funded to fight drought together in our location. Thank you for this opportunity.
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Loan Info
Project Type
Classic Loan
Amount requested
$526.00
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