Purchase of 20 bags of maize for resale

Anthony

Meroleni, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Anthony

Member since

May 2017

On-time repayments

47 installments • 72%

About Me

I am Anthony Katua, a Kenyan born way back in the year 1997. I live and do business in the Meloreni area of the larger Subukia. I am trained in mechanical engineering at a local college. This did not help me in securing a good job. I therefore, driven by desire to live a decent life and make a living, decided to start a business.

This business has been doing fine, and most of the time I am just in my business ensuring that it runs smoothly. My wife also assists greatly in running the business, as when am not in the business she takes over. Sometimes I do go out to meet customers and negotiate for orders. Besides doing business, I do read a lot, particularly materials that are inspiring and encouraging. I also like watching football.

My Business

I do own a posho (maize flour) mill that I started with help of my elder brothers and sisters. The posho mill does well, and at times I do sell flour and maize germ for farmers around.

The business is doing well, though recently there was a shortage of maize around due to low rainfall and maize disease that affected many farmers countrywide. This impacted high on supply and many businesses were down. In the months of August to January, the business does well since there is abundant supply.

Currently we have a crisis in Kenya at large, since maize flour (or unga, as it is commonly known) is in shortage. The rains have failed this year and it's going to be worse if something is not done.

Loan Proposal

With this loan I will purchase 20 bags of maize currently trading at USD 21 for a 100kgs bag. This will cost the entire project approximately USD 420. From Zidisha I granted the USD 300, I will add the remaining amount so as to achieve the entire cost of the project. Upon purchase from local farmers, I will store the maize with the current stock of the same that I have now and do plan to release the same to the market starting the month of June when prices are usually high.
In the mean time I will look for more market particularly in schools or large scale traders whose prices are also good. This will mean that in every 1kg of purchase, upon increase in price will return good profit as the prices will rise as time goes by.

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About Me

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