Flour milling service

Stacy Mugo

Eldoret, Kenya

104% paid forward

Entrepreneur

Name

Stacy Mugo

Member since

December 2015

On-time repayments

113 installments  •  44%

About Me

My name is Stacy Mugo and I come from Eldoret Kenya Est Africa.
I was was born in the year 1980 in Eldoret and I attended The schools as follows ,
From the year 1986 to the year 1993 at Kimalel Primary School.
and from the year 1994 to 1997 at wareng High School in Eldoret an in Uasin Gishu County of Rift Valley Province in the republic of Kenya.

After my high school studies I started a small business of grocery in the same town.
of which afterward I joined the college to study community development then latter Business management .
I started my own business from my own savings which am doing to date which is Posho mill (milling machine) and grocery.
The unique thing in my culture where am coming from is that Ladies are not considered when it comes to Education and property inheritance.
I am married with 4 kids ,Three girls and one boy, and one of them want to Engineer ,one Nurse , researcher, a Doctor.
My unique hobby is Singing Gospel music in my free time and Children.

My Business

I provide grinding flour fr customers and also selling cereals to them.
These goods and services are so important in that many Kenyans eats Ugali( Local bread) therefore this services are so much important in this region and more especially to my customers.
I chose this kind of Business because the place where I live there is demand for the same and because I was interested in serving the people in my local community.
My typical cost and revenue is 45000KES.

This is how I use my profit I get from my Business
1.School fees for my children 5000
2.Reinvestment in growing the business =10,000KES
3.Home improvement =10000KES
4.Church activities and others 5,000KES
5.house rent 5000
when given this loan amount i will be faithful in repaying the same.

Project Proposal

In this season here in Eldoret Kenya,maize/flour prices has really gone up.I plan to buy more of maize to help in my poshomill shop(grinding machine ).1tin=ksh 150.so planning to buy 65 Tins @ksh.9750 and pay 300 for transportation . selling price of every tin is ksh 180 plus grinding ksh 15 which will give me a total of 12675.I will sell this severally as I repay my loan.
I will be grateful because this will really boost my business.

Feedback

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Project Info

Project Type

Pay It Forward

Disbursed amount

$87.95

Date disbursed

Aug 22, 2022

Cost to entrepreneur

Service fee: $4.18

Pay It Forward contribution: $12.55

Backers

Alice Wangui

Nakuru, Kenya

Diana Gathoni

Pipeline,embakasi, Kenya

Dennis Gitau

Nakuru, Kenya

Rose Chemiat

Kitengela, Kenya

Peter Kipyekomen

Nairobi, Kenya

Mary Alakuu

Jirapa Duori, Ghana

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