Purchase milk products to supplement my stock

Gadaffi

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Gadaffi

Member since

February 2015

On-time repayments

141 installments  •  89%

About Me

I am the first born in a family of seven. My father died in the year 1991 and left us while we were still young. We had to face a harsh living style with my mother, who was also a peasant farmer. I struggled to complete my O-level education to acquire a little knowledge on how to operate a small business on my own to help our family. When I completed my schooling, I faced a challenge of capital to help me start my business, since I had little skill in business management. I started fishing to get some income and again help my mother raise up my siblings.

After that, I started by first getting a small shop where I would be able to display my products, which I started by first selling our own eggs from home that I got from the hens that we rear. Thereby I got some finance to add my stock by bringing different products like bananas and onions, among other consumable goods, that have maintained my shop up to date.

My business can now help our family, however little it is, and my siblings are moving ahead in their education and have different expectations when they grow up. My hobby is reading novels, more so the ones that talk of entrepreneurship that made me have interest in operating a business.

My Business

My business was started in the year 2014 and I started a shop for eggs, which I obtained from the hens we rear back at home. Due to demand that was rising, I thereby borrowed some funds from a friend to expand the business, since there was high demand for the product but I faced a challenge of low supply due to inadequate capital. Being that I deal with food products, especially the ones that are in daily demand, I increased the stock by introducing the sales of bananas, onions, and maize, among others, because my customers demanded them.

The goods I sell are cheaper in price and affordable to low-income earners who stay in my locality, and again it saves time in terms of preparation for faster meals. For example, one egg goes at a cost of $0.12, likewise to bananas among others. You find out that, at the end of the day, one uses less than $1 to manage a meal for the day. So I found it affordable for my customers. I purchase one crate of eggs at a cost of $2.12 and sell it a cost of $3, making a profit of $0.88, but I purchase around 10 crates. So after two days I am making a profit of $7.86. A sack of banana goes at a cost of $2.20 and sell it at $3.50.

At the end of the day, I make a good profit that can maintain the business and take care of our family. Through the loan that I received, I expanded my business to greater heights, thereby creating more opportunities for other products. I ventured into sales of cereals, adding another stock into my business. I sell maize, beans, and peas, among other consumable products. I also now want to introduce the sale of milk due to the demand from my customers, who frequently ask about the product. Thereby I am posting my application to be assisted with the amount requested to purchase a milk ATM to bring this dream come true.

Loan Proposal

When I get the loan, I intend to purchase a milk ATM, which has been a great dream for my esteemed customers who regularly asked for milk products alongside what I always offer them. Milk products have been of high demand since they are nutritious and many like them. I therefore thought to bring it to supplement my stock alongside bringing in more customers in the business.

Part of the amount requested plus my monthly income will be used in increasing my previous stock to ensure my customers won't lack any products they require from my shop. I will introduce sales of fresh milk and yoghurt, alongside sour milk (maziwa mala), which many like. By doing this, my monthly income will increase by at least 20% compared to what I used to save.

Show original English  

About Me

I am a first born in a family of seven. My father died in the year 1991 and left us while we were still young. We had to face the harsh living style with my mother who was also a peasant farmer. I struggled to complete my O level education to acquire little knowledge on how to operate a small business on my own to help our family. When I completed my schooling, I faced a challenge of capital to help me start my business since i had little skill in business management. I started fishing to get some income and again help my mother raise up my siblings. After that I started by first getting small shop where I would be able to display my products which I started by first selling our own eggs from home that I got from the hens that we rear. Thereby I got some finance to add my stock by bringing different products like bananas, onions among other consumable goods that has maintained my shop up to date. My business can now help our family however little it is and my siblings are moving ahead in their education and have different expectation when they grow up. My hobby was reading novels more so the ones that talk of entrepreneurship that made me have interest in operating a business.

My Business

My business was started in the year 2014 and started like a shop for eggs which I obtained from the hens we rear back at home. Due to demand that was rising, I thereby borrowed some funds from a friend to expand the business since there was a high demand of the product but i faced a challenge of low supply due to inadequate capital. Being that I deal with food products especially the ones that are on daily demand, I increased the stock by introducing the sales of bananas, onions, maize among others because my customers demanded for them. The goods i sell are cheaper in price and affordable to low income earners who stay in my locality and again it saves time in terms of preparation for faster meals. Like in purchase of one egg goes at a cost of $0.12 likewise to bananas among others. You find out that at the end of the day one uses less than $1 to manage a meal for the day. So I found it affordable to my customers. I purchase one crate of eggs at a cost of $2.12 and sell it a cost of $3 making a profit of $0.88 but I purchase around 10 crates almost after two days making a profit of $7.86 once after two days. A sack of banana goes at a cost of $2.2 and sell it at $3.5 at the end of the day I make a good profit that can maintain the business and take care of our family. Through the loan that I received, made me expand my business to greater heights thereby creating more opportunities for other products. I ventured into sales of cereals adding another stock into my business. I sell maize, beans, peas among other consumable products. I expanded my business to engage my customers fully to extent the daily demand like the sale of milk at an affordable price is now available to them through the introduction of a milk ATM I bought from the loan I received last. As at now my business has stood on its own I want extend my help to facilitate the college fee for my sibling who is to join college by September. This is my main reason unto why I am requesting for the loan.

Loan Proposal

When i get the loan I intend to purchase a milk ATM which has been a great dream for my esteemed customers who regularly asked for milk products alongside what I always offer them. Milk products have been of high demand since it is nutritious and many like it. I therefore thought to bring it to supplement my stock alongside bringing in more customers in the business. Part of the amount requested plus my monthly income u do save will be used in increasing my previous stock to ensure my customers won't lack any product they require from my shop. I will introduce sales of fresh milk, yoghurt alongside sour milk ( maziwa mala ) which many like. By doing this my monthly income will increase by at least 20% compared to what I used to save.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$546.00

Date disbursed

Jul 22, 2016

Repayment status

On Time

Projected term

6 months

Lenders

Zidisha

Sterling, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

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  • shena    Jun 14, 2018

    Hi! Any reason you have not made any payments yet? Thanks.

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  • Gadaffi    Apr 19, 2018

    Thanks lenders for the good start let's promote education for girl child by assisting me educate my sister. May you the hands that have contributed get blessings in abundance.

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  • Gadaffi    Apr 17, 2018

    Hi team,
    Kindly assist my sister complete her education she joined this year January and soon opening second term after paying second term fees totalling to Ksh.41,050. I therefore request for assistance since I cant afford to raise the amount within a span of one month.

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  • Gadaffi    Apr 12, 2018

    Hi team,
    I would like to say it has been a long journey ever since I took the loan and really faced alot of challenges one being, payment that I made and was not reflected that made me pay another which was not supposed to thereby making my repayment to delay hence having late reyment history. I would like to know why my limit has been reduced because it was previously Ksh.67,322. I plead and I am requesting for clarification.
    Thanks

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  • Gadaffi    Mar 25, 2018

    Hi lenders I fail to understand the repayment schedule. I have cleared my loan which was to end today 25th upon paying ksh.334 after repaying the said amount, I still see that I have dues of ksh.1664 kindly help me understand. Thanks

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    • J    Mar 25, 2018

      Dear Gadaffi,

      It can take up to 3 business days, US Eastern Time, for a repayment to be credited to your account.

      After that time, if the payment hasn’t been credited please create a support ticket with the following details:
      - Date you made the payment
      - Payment amount
      - Phone number or account number you used to send the payment
      - Transaction ID of your payment

      Also check the payments of the previous loans. Sometimes an payment of a few month ago isn’t recorded. Then it only looks if a current payment isn’t recorded but it is booked correctly and is shown on the old loan where there is a missing payment.

      So check carefully which payments aren’t recorded and then create a support ticket with the correct info.

      Kind regards,
      Joost
      Team Zidisha

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      • Gadaffi    Mar 26, 2018

        Hi Joost
        The payment for date 18/03/2018 which I had already settled is what I'm seeing being displayed has not been settled. Yet we have passed the said date of which I had a deficit of ksh.338 which I made it's payment on Sunday date 25/03/2018

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  • Gadaffi    Sep 5, 2017

    Hi lenders I still remain hoping the loan to be disbursed the sibling might be sent home for fees this week. I had full dependant on the loan thank you

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  • Gadaffi    Aug 25, 2017

    I thank you my lenders for honouring to my request. I have confidence in that in deed you have hearts to help. May be blessed abundantly and I promise to work with you.

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  • Gadaffi    Aug 23, 2017

    I remain optimistic that you will assist me raise this fees

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  • Gadaffi    Aug 23, 2017

    Thank you my lenders for those who have shown commitment to raise

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  • Gadaffi    Aug 18, 2017

    Hi lenders I have posted another loan proposal requesting you to please help me raise fees for my sibling who is yet to join school come 4th of September 2017. Hope the trust we have developed with one another will enable me meet the deadline date which is just two weeks ahead. May you be blessed as you continue with this noble task of helping the needy.

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  • Gadaffi    Aug 18, 2017

    Hi my lender with a lot of gratitude and thanksgiving, I would like to bring to your attention that you've been of great help to me that i cant imagine how I could have been without you. You are like a family to me now. The loan I received from you last funding helped me purchased the items highlighted and bought me stock of milk that by now helps my customers a lot. My business has now picked up and running smooth hoping to get much profit from it in few months.

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  • Gadaffi    Aug 2, 2017

    Hi lenders I would like to request to make my payments this coming Sunday so as to enable me reapply for another funding to help me compete with the market demand that is seasonal.

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  • Gadaffi    Jul 26, 2017

    My business is doing well and able to pay the proposed amount. Again following the the market trend, I would like to complete the previous loan and be able to apply for another before the products I will offer to the market goes low in demand because as at now its highly needed and the supply is low.

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  • Gadaffi    Apr 5, 2017

    I wish to take this chance to thank all my lenders for the good work done to ensure loan is funded successfully. I will now buy the tank and milk to start the business right away. May you be blessed abundantly.

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  • Gadaffi    Apr 4, 2017

    Thanks to all my lenders indeed you are making my dream come true

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  • Gadaffi    Apr 2, 2017

    I appreciate the continuous support from you I believe we will make it.

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  • Gadaffi    Apr 1, 2017

    Hi my lender thanks for the start up i believe I will achieve it at the end of the day. I always have full trust in support that comes from you. Be blessed abundantly

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  • Gadaffi    Mar 27, 2017

    Hi my lenders I was grateful for the past loan you gave me which was to purchase a milk ATM which was done successfully now that I have the ATM in readiness, my next step is to get the product itself which I will be selling to ensure I meet the customers demand which increases day by day. That is my objective for the next funding.

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  • Gadaffi    Mar 15, 2017

    Hi my lenders I wish to greatly apologize for the delay of my payment
    which has never occurred ever since I took the loan. This was caused
    by unavoidable circumstance where my phone was stolen hence I lost my
    sim card. I have been trying to see on a way I can replace it but to
    no avail since the required documents for replacing the sim card were
    missing. So the only option I was left with is to buy a new sim card
    my request was whether u will allow me use the new sim card to
    facilitate my payments and to proceed with my project. That's my
    humble request I table before you and once you recommend the idea I
    will make the payment as soon as possible. Thank you in advance
    Regards
    Gaddafi Okeyo

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  • Gadaffi    Jul 22, 2016

    I wish to inform you my lenders that I received the sum of Ksh.54151 and through this I am going to purchase the milk ATM thank you once again.

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