Kenya

Purchasing bulk fertilizers to sell to farmers


This Loan
4% Repaid


Disbursed Amount: $400.15
Date Disbursed: May 21, 2017
Repayment Status: On Time
Repayment Frequency: Weekly Projected Term: 92 months
Cost of Loan: $20.03
Show Cost Details

Cost of this loan

Service Fee: 5% of $400.15 = $20.03


Story
About Me

My name is Dennis Kipkurui, a third born in a family of 6. I have a single mother who has raised us since childhood and I want to grow my business so that I can repay her for the good she did to me as his son.
Currently I am from Eldoret town.
I went to Moi Primary School Kabarak in Nakuru and later joined Moi Secondary School in Nakuru too.Then I completed my University in Mount Kenya University. For the past three years I worked as a cyber owner and attendant specializing in computer programming, software and repairs.
I have a Diploma in IT, I have a business (Cyber cafe) in which money generated goes to my welfare and paying my school fess.

My Business

I am in the Business of Cyber Cafe'/internet services, printing and photocopy services also the business transacting money through m-pesa.The business is under one roof situated at a campus(MKU) Eldoret, which provides ready market for my stock and security of m-pesa.The business is viable since it is all year round and I have sufficient clients, the business is also located in a busy market centre.
In Summary:

There are :
26 Working days: and below are:

1. FIXED EXPENSES:
-Rent: 5,500
-Electricity: 3,000
-Internet: 5,000
Total: 13,500/=

2. Calculating My Income:

(a) Computer Usage
Charge per hour: Kshs 50/=
Hours per day: 10 Hours
Days per month : 26
Percentage in occupancy: 25%
i.e 3 Computers, 25% Occupancy, Kshs. 50/= Per Hour, 10 Hours Per Day, 26 Days Per month ( 6 days a week)
3 x 0.25 x 50 x 10 x 26 = 9,750/=
Total Computer Usage: Kshs. 9,750/=

(b) Printing
Formula: (Amount used per day x cost of service x days open per month)
i.e 30 Pages a day x Kshs. 5 per page x 26 days open per month.
30 x 5 x 26 = 3,900/=
Total Printing: Kshs. 3,900/=

(c) Scanning
Formula: (Total scanned per day x cost of service x days open per month)
i.e 5 Pages a day x Kshs. 20 per page x 26 days open per month.
5 x 20 x 26 = 2,600/=
Total Scanning: Kshs. 2,600/=

(d) Other Sources of Revenue
KRA PIN:
Atleast Ksh. 1000 a month.
Kshs. 1000/=
TOTAL SUMMARY:
Computers Kshs. 9,750/=
Printing Kshs. 3,900/=
Scanning Kshs. 2,600/=
Others Kshs. 1000/=
Total Kshs. 17,250/=(TOTAL ACCUMULATED FROM THE BUSINESS)

Less Expenses of 13,500/=
17,250-13,500= 3750/=

Internet subletting of Kshs. 2,000/=
Total Profit Per Month is Kshs. 5,750/=

The above is just but an approximation
The profit will be deposited in Zidisha’s Account as a Loan Repayment.

On the other hand I have a mini shop kiosk shop and I engage in sale of fertilizers to farmers.
Thank you!!!!

Loan Proposal

Dear valued lenders,
First and foremost thank you for the previous loan which was accorded to me.
The loan did wonders to most of my activities.
The loan helped me on the sustainability of the business, also, I was able to buy 2 more calves to make a total of 5 cows.
On the other hand, I did re-stock my shop with some reduced items.
I am glad because I was able to clear my stock of fertilizers which is on demand right now.
Let me once again say thank you to my dear lenders for trusting me with the loan, my family also sends greetings to your way.
I managed to make an achievement a lot on the business from a margin of 82% - 98%, to me that’s a progress worth appreciated.
The loan requested will go to the purchase of more fertilizers as it is now planting season and its on high demand.RAINS a here with full swing.
I need to purchase 23 bags and 1 bag goes at kshs; 1,800/= ($ 17.44 ) while 23 bags will be bought at kshs; 41,400/= $ 401.16
The market selling price now is kshs: 3,400/= ( $ 32.95 )

In Summary:

Selling Price Minus Buying Price = (32.95-17.44) Profit per bag is $ 15.51 which is kshs 1,600/= per bag
A total profit projected in total is kshs 36,800/= which is $ 356.59.
The profit will go towards purchase of more stock to enable me purchase 2 motor bike s for boda boda business, and so i will have employ 2 more people who will be able to feed their families.
I will be able to repay this loan comfortably as the cyber business is in operational and also farming inputs income too and the mini-shop.
Thanking you in advance!!!!!

Zidisha Team With all Lenders!!!
'Take my hand and make my business Prosper' once again



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About Me

My name is Dennis Kipkurui, a third born in a family of 6. I have a single mother who has raised us since childhood and I want to grow my business so that I can repay her for the good she did to me as his son.
Currently I am from Eldoret town.
I went to Moi Primary School Kabarak in Nakuru and later joined Moi Secondary School in Nakuru too.Then I completed my University in Mount Kenya University. For the past three years I worked as a cyber owner and attendant specializing in computer programming, software and repairs.
I have a Diploma in IT, I have a business (Cyber cafe) in which money generated goes to my welfare and paying my school fess.

A Story about Me
My name is Dennis I was born in 1989 in Nakuru. I was a happy and healthy child. Pampered and loved by my parents. I am the 4th born in the family of 6. Most of my childhood, I grew up thinking that everything was about me. I was a bully; I stepped on those who were weaker than me. The other children were afraid of me, I just loved the power.
When I was 12 years old, my world was turned upside down. My dad died whom I had never seen but heard of him, he lost his life in an clear circumstances. Then everything went downhill. I was forced to live with my mother and brothers in our mother’s house.
In school I was totally impossible, I never did my homework. And didn’t listen to what the teacher said. I found it hard to concentrate. The teachers hated me and I didn’t have any friends at all. It's not because, I didn’t want to have some people around me. I just had a hard time trusting others and express my feelings.
I didn’t get a good education when in high school. After my fourth form, I went to Eldoret and I got a job at a Cyber café in town, and saved money for a small business someday. While working, I had to attend part time classes in a college to study things in computer, I had to depend on the government funds, reason for for working and attending classes is because I wanted to depend on my own.
Generally in my life, I had a feeling that my family didn’t really care about me. I was a burden. I became more and more isolated; I spent most of my time alone, above all I had confidence in myself.
Just the other year I sat down and looked back at my life and had no idea what useful things I did in life. You know what, I had to pray to God for guidance and to open my mind and with the little savings I made, I did buy two computers, a printer and a photocopier, thank God this is what has been feeding me,
As of now, I want to expand my business and return favours to my mum for taking care of me during my childhood and with Zidisha , I know my business will come and prosper so I can give back to the community through my service to all in the field of computing.
In conclusion , what I have learnt in my life is to Make every day count. To Appreciate every moment and to take from those moments everything that I possibly can for I may never be able to experience it again. I Talk to people that I have never talked to before, and listen to what they have to say…i.e the Zidisha Team.
Life has challenges, I acknowledge that, because the challenges and changes will only help me to find the goals that I know are meant to come true for me.

Zidisha Team With all Lenders!!!
'Take my hand and make my business Prosper'

My Business

I am in the Business of Cyber Cafe'/internet services, printing and photocopy services also the business transacting money through m-pesa.The business is under one roof situated at a campus(MKU) Eldoret, which provides ready market for my stock and security of m-pesa.The business is viable since it is all year round and I have sufficient clients, the business is also located in a busy market centre.
In Summary:

There are :
26 Working days: and below are:

1. FIXED EXPENSES:
-Rent: 5,500
-Electricity: 3,000
-Internet: 5,000
Total: 13,500/=

2. Calculating My Income:

(a) Computer Usage
Charge per hour: Kshs 50/=
Hours per day: 10 Hours
Days per month : 26
Percentage in occupancy: 25%
i.e 3 Computers, 25% Occupancy, Kshs. 50/= Per Hour, 10 Hours Per Day, 26 Days Per month ( 6 days a week)
3 x 0.25 x 50 x 10 x 26 = 9,750/=
Total Computer Usage: Kshs. 9,750/=

(b) Printing
Formula: (Amount used per day x cost of service x days open per month)
i.e 30 Pages a day x Kshs. 5 per page x 26 days open per month.
30 x 5 x 26 = 3,900/=
Total Printing: Kshs. 3,900/=

(c) Scanning
Formula: (Total scanned per day x cost of service x days open per month)
i.e 5 Pages a day x Kshs. 20 per page x 26 days open per month.
5 x 20 x 26 = 2,600/=
Total Scanning: Kshs. 2,600/=

(d) Other Sources of Revenue
KRA PIN:
Atleast Ksh. 1000 a month.
Kshs. 1000/=
TOTAL SUMMARY:
Computers Kshs. 9,750/=
Printing Kshs. 3,900/=
Scanning Kshs. 2,600/=
Others Kshs. 1000/=
Total Kshs. 17,250/=(TOTAL ACCUMULATED FROM THE BUSINESS)

Less Expenses of 13,500/=
17,250-13,500= 3750/=

Internet subletting of Kshs. 2,000/=
Total Profit Per Month is Kshs. 5,750/=

The above is just but an approximation
The profit will be deposited in Zidisha’s Account as a Loan Repayment.

On the other hand I have a mini shop kiosk shop and I engage in sale of fertilizers to farmers.
Thank you!!!!

Loan Proposal

Dear valued lenders,
First and foremost thank you for the previous loan which was accorded to me.
The loan did wonders to most of my activities.
The loan helped me on the sustainability of the business, also, I was able to buy 2 more calves to make a total of 5 cows.
On the other hand, I did re-stock my shop with some reduced items.
I am glad because I was able to clear my stock of fertilizers which is on demand right now.
Let me once again say thank you to my dear lenders for trusting me with the loan, my family also sends greetings to your way.
I managed to make an achievement a lot on the business from a margin of 82% - 98%, to me that’s a progress worth appreciated.
The loan requested will go to the purchase of more fertilizers as it is now planting season and its on high demand.RAINS a here with full swing.
I need to purchase 23 bags and 1 bag goes at kshs; 1,800/= ($ 17.44 ) while 23 bags will be bought at kshs; 41,400/= $ 401.16
The market selling price now is kshs: 3,400/= ( $ 32.95 )

In Summary:

Selling Price Minus Buying Price = (32.95-17.44) Profit per bag is $ 15.51 which is kshs 1,600/= per bag
A total profit projected in total is kshs 36,800/= which is $ 356.59.
The profit will go towards purchase of more stock to enable me purchase 2 motor bike s for boda boda business, and so i will have employ 2 more people who will be able to feed their families.
I will be able to repay this loan comfortably as the cyber business is in operational and also farming inputs income too and the mini-shop.
Thanking you in advance!!!!!

Zidisha Team With all Lenders!!!
'Take my hand and make my business Prosper' once again


Feedback
Positive   1      Neutral   0      Negative   0     

  • Eugen Stamm     Nov 30, 2015

    Positive

    Creditworthy!

    • Dennis Kipkurui     Dec 3, 2015

      Positive

      Yeaaaaahhhh!
      Thank YOU so much! Sir......
      To be honest I appreciate you.
      You are more than a lender and a friend...


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Purchasing bulk fertilizers to sell to farmers

Dennis Kipkurui
Kapsoya, Kenya

4% Repaid