Rice selling and distributing

Jeff

Githurai, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Jeff

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.