Rent an air-conditioned market stall for selling produce

Michael Kinaro

Kisauni, Kenya

63% repaid

Entrepreneur

Name

Michael Kinaro

Member since

March 2015

On-time repayments

234 installments  •  99%

About Me

My name is Michael Kinaro but most of my friends call me Mike. Mike was born in Central Kenya where almost everybody is a farmer. The area is known for potato and tomatoes production which is normally consumed in the capital city Nairobi.

My parents like everyone else in the area are farmers and it is this early exposure to farming that would shape my future. I did my primary and secondary education and then proceeded to Mombasa to join my uncle who was well established in business. He was a wholesaler in arguably the largest market in East Africa called Kongowea in Mombasa. This is a market where many food produce from the country and even from neighboring countries are sold.

He trained me for one year and then I started my own business within the market. This is what I am doing to date.

I am very sound spiritually and I serve as a deacon in my church. I joined a theological college a few years ago and did a diploma course in theology; in an effort to get to know the word of God better. I harbor desire to do a degree course, in the same field - time and resources allowing.

My Business

I deal with selling of fresh tomatoes and onions at the Kongowea market. I source the produce from upcountry where these crops grow abundantly. This is a business that calls for speed delivery due to its perishable nature. For this reason, my day starts quite early at 4.00 a.m when I arrive at the market to receive the produce which is transported overnight for a distance of about 600km. My day of work ends at 2.00 p.m when I sell my last tomato.

I normally sell tomatoes in boxes. My main clients are retailers and hotel owners. I am proud of this business because it is the one that supports my family 100%. I am able to make a modest profit of about $200 per month but this can go higher during the peak tourism season when big hotels buy these products in large quantities.

I am hoping to diversify my range of products to include fruits like mangoes and oranges which do quite well in the market.

Loan Proposal

I have been selling my vegetables in an open air place. Luckily, our government constructed stalls within the market with cooling facilities. I have already booked one such store and I am required to pay USD 500 as deposit and another USD 250 as quarterly rent payment.

This loan will be enough for me to make this important transition which will be a major milestone in my business. The stall will provide a more hygienic environment for the vegetables and the cooler will add the shelf life of this perishable produce. This in turn will increase my profitability since there will be less wastage.

Thank you for your continued support.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$814.11

Date disbursed

Jul 25, 2017

Repayment status

Late

Projected term

29 months

Cost to entrepreneur

Service fee: $34.22

Lenders

O

Oxfall

Gothenburg, Sweden

ErikN

Stockholm, Sweden

T

traderjohn

Baltimore, United States

B

Bavarian

Bavaria, Germany

ads68

Melbourne, Australia

P

Prysdahl

Marshall, United States

Bhayl

Stavanger, Norway

rfriedenberg

New Jersey, United States

J

jerryq

Redding, United States

M

mkellerman

Shanghai, China

K

kikusin

Shanghai, China

Zal0m0n

Atlantis!!!! x), Mauritania

lemonadestand

Brisbane, Australia

B

BMcDermott

Washington, DC, United States

Parkmobile

Fort Bragg, United States

C

Clben7

Cincinnati, United States

R

RohitSingh

Montreal, Canada

O

oonbug

United States

smastermind

Jerusalem, Israel

Grant Xavier Storer

Seattle, Wa, United States

K

KarinV

United States

Otto Barten

Amsterdam, Netherlands

H

happyhappy

Switzerland

Andrew267

Birmingham, United Kingdom

SK

Sebastian Krohn

Amsterdam, Netherlands

Nigel Titley

Milton Keynes, United Kingdom

ZH

zoe henley

United Kingdom

P

PC

United States

B

Byron

United States

SMOICE

Berlin, Germany

W

Wade

United States

Kate Courteau

United States

Dean Cress

United States

Craig

Memphis, TN, United States

Kevin

San Francisco, United States

AF

Alysn Ford

United States

George

Corvallis, Oregon, United States

Martin Nielsen

Aarhus, Denmark

M

Mart

United Kingdom

AH

ajay hampapur

United States

J

joelneville

United States

A

Andrei

United States

AK

Achim Königs

Bonn, Germany

AG

abel ghita

Bucharest, Romania, Italy

SH

susan hirsch

United States

Carlo Cruz

Cincinnati, OH, United States

L

LK

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

N

Nancy

United States

Myria

New Mexico, United States

G

Gary

United States

J

Jon

United States

Jes

Australia

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

JB

James Brooks

United Kingdom

GS

Gary Sinard

Franklin, TN, United States

A

Anonymous

United States

EC

Edward Conrads

San Francisco, United States

R

Raffins

United States

PS

praful shah

United States

TB

Tim Barrett

United States

J

Jakub

Czech Republic

KA

Khaled Asmri

Saudi Arabia

F

Florian

Netherlands

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

Chris

Zurich, Switzerland

Jane

California, United States

J

JB

Germany

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