purchase a sack of maize to retail in the market

Entrepreneur

About Me

.MY STORY. I M MARRIED MAN AGED 36 YEARS. IAM ADIPLOMA HOLDER IN CO OPPRATIVE MANAGEMENT AT KABETE INSTITUTE NAIROBI .I DID MY O LEVEL AT KANYAWANGA HIGH SCHOOL .I HAVE WORKED WITH SEVERAL NGOS AND I HAVE AN EXPERIENCE IN BUSINESS. I AM A BUSINESS MANAGER BY OCCUPATION . I DECIDED TO USE THE KNOWLEDGE TO BEGIN A BUSINESS IN CEREALS AFTER I LACKED EMPLOYMENT SO THAT I COULD BECOME SELF EMO PLOYED. I PURCHASE FROM FARMERS MAIZE AND BEANS, PESTICIDES AND SACKS. I HAVE 2 CHILDREN AND 1 WIFE.I USE THE PROFIT I GET TO SUPPORT MY FAMILY , TO PAY SCHOOL FEES, RENT AND ETC.

My Business

ABOUT MY BUSINESS. MY BUSINESS IS LOCATED ALONG SIAYA KISUMU ROAD I DEAL WITH CERALS EG BEANS AND MAIZE WHICH I DISTRIBUTE TO VARIUOS SCHOOLS. I BUY BEANS AT 4000/= AND SELL IT @ 5500 OF WHICH I MAKE A PROFIT OF 800 ATFER DEDUCTING ALL THE EXPENSES. THE SAME APPLIES TO MAIZE WHICH I BUY AT 3000 PER BAG AND I SELL IT AT 4500, HENCE MAKING APROFIT OF 700 PER BAG AFTER DEDUCTIONS. APPROXIMATELY I MAKE A MONTHLY PROFIT OF 45000 WHICH I USE TO PAY MY HOUSE RENT, FEE FOR MY KIDS AND OTHER FAMILYN EXPENDITURE I WILL STILL USE THE SAME TO PAY MY ZIDISHA LOAN. MY RISKS ARE POOR ROAD SOMETIMES I GET IE DIFFICULT TO TRANSPORT MY GOODS TO CUSTOMERS BECAUSE OF BAD WEATHER, FLUCTUATIONS OF THE PRICES HENCE LOW PROFIT. I WOULD WISH TO EXPAND MY BUSINESS SINCE I HAVE MORE TENDERS BUT I DONT HAVE CAPITAL TO BUY.

Loan Proposal

i will use the loan to purchase asack of maize to retail right now theres very high demand for maize and the people in siaya use maize to make ugali as their staple food .1kg of maize i will buy @25/= then sell at 50/=@ making a profit of 100% this means i will buy 150kg which i will sell at 7500/= which gives me an instant profit of 3500/= i will use this to re invest another maize and also repay my loan

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