Milling maize to sell in my shop

Simon Ngethe

Kianjoya Village, Kenya

100% repaid

Entrepreneur

Name

Simon Ngethe

Member since

April 2013

On-time repayments

171 installments  •  72%

About Me

I am a small-scale retailer and a part-time teacher at Mugaa Secondary School. I sell basic household things such as sugar, flour, salt, tea, etc. My business on average generates KShs 5,000 ($48 USD) in profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife, who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family.

During my free time, I like travelling and visiting places, listening to music, and watching movies. I have attended and completed college, but I have not yet gotten a meaningful job because there are few jobs in Kenya.

My Business

My shop is located in Kianjoya Shopping Centre, just adjacent to Kianjoya Primary School. I combine my small salary from teaching and the profit I generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister, who is married and lives far away. So I do not really manage to save a lot, but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business, the more customers I will get and retain. I want my business to be stable and growing. In the future, I hope I can expand the business to even become a wholesaler.

Loan Proposal

I would like to apply for a loan to purchase more stock for my retail business. Due to the ongoing drought in the area, flour has become a fast-moving commodity in the businesses in the area. I would therefore wish to increase the stock by buying more maize from neighbouring counties, milling it, and then selling it to my customers. The amount so required is approximately US $400. Below is a breakdown of the expenses involved.

100 bags of maize for US $250
Milling costs US $100
Transport costs US $50

With your loan together with the little savings I have, I believe I will do my business successfully. Thanks in advance.

Show original English  

About Me

I am a small scale retailer and a part time teacher at Mugaa Secondary School. I sell basic household things such as sugar, floor, salt, tea, etc. My business on average generates Kshs 5,000 profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family. During my free time, I like travelling and visiting places , listening to music, and watching movies. I have attended college and completed but i have not yet gotten a meaningful job because there are few jobs in Kenya.

My Business

My shop is located in Kianjoya Shopping Centre just adjacent to Kianjoya Primary School. I combine my small salary from teaching job and the profit i generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister who is married far away. So i do not really manage to save a lot but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business the more customer I will get and retain. I want my business to be stable and growing. in future, I hope I can expand the business to even become a wholesaler.

Loan Proposal

I would like to apply for a loan to purchase more stock for my retail business. Due to the ongoing drought in the area, flour has become a fast moving commodity in the businesses in the area. I would therefore wish to increase the stock by buying more maize from neighbourng counties, milling it and then selling it to my customers. The amount so reqiured is approximately US $ 400. Below is a breakdown of the expenses involved.
100 bags of maize for US $ 250
Milling costs US $ 100
Transport costs US $ 50
With your loan together with the little savings I have I believe I will do my business sucessfully. Thanks in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$322.75

Date disbursed

Jul 12, 2017

Repayment status

On Time

Projected term

15 months

Cost to entrepreneur

Service fee: $13.57

Lenders

T

Tmann

Los Angeles, United States

Feldborg

Stuttgart, Germany

investor

Candiac, Canada

P

peterschinkel

Amsterdam, Netherlands

G

guenter

Bremen, Germany

N

nanning

Baltasound, United Kingdom

Aggul

London, United Kingdom

Tavin

Ottawa, Canada

L

Lenah

Vert Saint Denis, France

pentatonicscale

Niiza-shi, Japan

McJulio

New Jersey, United States

ads68

Melbourne, Australia

Hype1

Ashburn VA, United States

Christopher

Copenhagen, Denmark

L

laurashearin

Greensboro, United States

A

Andy

Berlin, United States

G

glh25

Winooski, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

H

HobbyCollector

Beach City, United States

S

Sreval

Manly, Australia

soniad

Dubai, United Arab Emirates

ibc123

Seattle, United States

E

E

Marin county, United States

H

Haavard

Bergen, Norway

K

Kudrnova

Czech Republic

Paul Buchheit

Mountain View, United States

johnhudson

Washington, DC, United States

Mike and Jacqui

United Kingdom

SE

Sven E

Mannheim, Germany

T

Tim

Cologne, Germany

MD

Miles Dodge

CORVALLIS, United States

PG

Paul Graham

United States

G

GS2

Germany

R

Ryan

United States

Thomas

Sweden, Sweden

Mr Chris Turner

Cambridge forever England, United Kingdom

V

Vidar

Oslo, Norway

Stephan W

Witten, Germany

J

James

United States

Angela Linwood

Minneapolis, Minnesota, United States

KK

Kanwar Kumar

Oslo, United Kingdom

James

London, United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

MO

Mark Owens

United States

SH

Stephanie He

United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

United States

CD

Cathy Droz

United States

BE

Bob Ewing

United States

Karin

Germany

HCPSPIRIT

Helsinki, Finland

E

eleni

United Kingdom

R

RMIM

United States

Paul Buchheit

Mountain View, United States

KN

Kevin N

Cleveland, Ohio, United States

A

Anonymous

United States

Sean Richards

Wilmette, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

L

Liz

Canada

HB

Hugo Boss

United Kingdom

RM

Roddy Murray

United Kingdom

Jeff

The Colony, Texas, United States

L

lysander

Australia

AP

Ariel Pollak

United States

A

Anthony

United States

Daniel Toke Hansen

Copenhagen, Denmark

FP

Fred Pratt

United States

J

Jorrit

Eindhoven, Netherlands

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