To Purchase beans at the starting of harvesting period and later sell it for a profit.

Entrepreneur

About Me

My name is Paul Irungu Ndiritu. I was born in 1984 in Othaya at a place called Rukira. I went to Primary Birithia School. After school I joined my parents in business of cereals and Posho mill by then my parent had moved to Bahati Nakuru where we are up to date. I am a married man with one child.
I come from Bahati at a place called Mwisho Wa Lami as you come from Nakuru along Nakuru/Nyahururu road you reach a centre called Maili Kumi centre then you go straight the Solai road then to a school called Muthati Secondary School to a place called Mwisho Wa Lami next to the Police Station. plot no. 1

My Business

I have a business of cereals and Posho Mill business which is situated at Mwisho Wa Lami along the road that leads to Wanyororo. I sell and buy maize, beans peas, rice, etc from this business I get an income of about 500 per day which amount to 180000 per year I use the amount to continue with the business and for my family up keep I also help my parents with the same in come. Recently with what I have accumulated for some years I bought my own plot for my family. So the business has been of much help for me and also for my young family. I would like to up grade this business where I could have a enough stock and that we mean a good profit.

Loan Proposal

The given loan amount will be used to purchase beans which is at the peak of the harvesting period in our area.The beans coast 3200ksh approximately 40usd per bag when you purchase from the farmers and later sell it at 4800ksh per bag approximately 60usd thus making a profit of around 20usd per bag.Having given the loan amount,it will be sufficient to purchase two bags and am definitely sure before the end of the beans season i will have increased my capital base to a value of purchasing ten bags.This will enable me to pay my loan on time and without fail

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