Rice selling and distributing

Jeff Mugambi

Githurai, Kenya

100% repaid

Entrepreneur

Name

Jeff Mugambi

Member since

April 2015

On-time repayments

302 installments  •  47%

About Me

am a 27 year old business minded guy that loves to make his ideas and dreams come tor reality. my mother tought me that everything is possible, What you need is hope,persistence and try. one year ago i decided to venture into business and here i am running a good business that can comfortably cater for my upkeep. am happy that i also found you guys to boost me financially so as i can move on and fulfill my dreams,because that's all the world entails-dreams that everyone wants to fulfill. my advice to my fellow friends, don't look back, keep looking forward and believe everything is possible in this little universe that God gave us. you just need to try and trust in yourself.

My Business

am working as an IT Officer in an IT organisation at Westlands, Nairobi, Kenya and am earning enough to cater for my upkeep in Nairobi. That's the money am planing to use for payment of the load that am hopping to get. am planing to use the money that i get from you to upgrade my business in terms of stock and in a few months, once am done paying the first loan and you give me an higher one, will be opening a fully stocked retail shop that should make enough of cash to cater for my upkeep. currently am buying and selling rice and so fa the business has been running smoothly. have got quite a number of customers that i deliver to them , thus am soo mobile delivering my product.that's why if i get the second load i will open a shop and can sell my product from this place. Currently i use my profit for personal needs and business upgrade.the reason i chose to venture into rice business its because its a foodstuff that demand is always high, and that its 'best before' dates are much flexible compared to others like fruits and daily products.

Loan Proposal

i have customers that always request me to get them more but i cant manager it, and i got some other customers that wants me to start supplying to them so if i get the load as i requested, i will increase my stock immediately and go make a deal with the new customer as his permanent supplier. will also increase my quantity supplied to the current customers that requests me for more. i usually buy in sacks of 50 kg at 500 ksh (around 5.41 USD ) so will buy 10 sacks of rice and use the other cash for transport and some security. then distribute the rice to my customers. i sells a single Kg at 150 ksh (1.62 USD)thus 50 kg sack gives me 250 ksh (2.7 USD). this will be a boost to my business because i will add my supply, thus increasing my profit incredibly.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.13

Date disbursed

Apr 17, 2015

Repayment status

On Time

Projected term

16 months

Cost to entrepreneur

Service fee: $3.75

Jeff opted to pay $16.61 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

D

drjofleming

UK, United Kingdom

F

Fiodal

Helsinki, Finland

Kodzhamanov

Stamboliiski, Bulgaria

P

pcooney

barrie, Canada

S

sirius

Lauterach, Austria

J

Johnrock702

Saint Augustine, United States

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

CharlieBfl

Vaduz, Liechtenstein

P

paixful

Coalhurst, Canada

J

jjonas

berlin, Germany

indeh

London, United Kingdom

Quentin

Toronto, Canada

Erica

Caledon, Canada

B

bopsquod

Seattle, Wa, United States

kickerofelves

Sao Paulo, Brazil

Cloudways

Malta, Malta

R

rpmccarthy

Sydney, Australia

borscht

Golden, United States

B

bugsheep

Houston, United States

vinnio

Burlingame California, United States

L

LeegleechN

Sunnyvale, CA, United States

R

randy98109

Seattle, United States

I

imnot

Stafford, United Kingdom

O

Orenius

Tacoma, United States

Y

Yevrahs

Dallas, Texas, United States

J

jjoshua2

Hanover, United States

doflynn

Dublin, Ireland

Vintagebeeinc

Youngsville NC, United States

L

leeirel

Edmonton, Canada

basicus

Cairo, Egypt

S

sersche

Zurich, Switzerland

JC

Jordi Cohen

New York, NY, United States

Z

zhihanchew1234

Tampin, Malaysia

mithril

Prague, Czech Republic

K

KnutG

Bergen, Norway

M

Morgue

Brighton, United Kingdom

B

BassFamily

Tremonton, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

B

bonnieinbremen

Bremen, Germany

U

Ubun2

London, United Kingdom

P

paul74

Chichester, United Kingdom

S

Spelbreker

Zwijnaarde, Belgium

V

Volpone

Geneva, Switzerland

ThomasJosef

Berlin, Germany

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