Second cereal loan

Silas Barasa

Nakuru, Kenya

100% repaid

Entrepreneur

Name

Silas Barasa

Member since

July 2015

On-time repayments

89 installments  •  75%

About Me

my name is Silas born in a family of six kids.my father was a social worker and my mom is a business lady. we grew up in a religious setup where my parents emphasized on good moral and social values.we were not rich hence we learned to appreciate the little we were given.i started schooling when i was 4years at crater academy later joined the same school for primary education.life was hard then i used to stay the whole day at school without food because my parents did not have enough money for my lunch.hence i could improvise when in the evening luck struck and were able to have food on the table.i used to eat half and keep half to take to school for lunch the following day.hence i learned the value and importance of saving from a tender age afterwards i joined Menengai high school for my O-level education .my hobbies is singing and hiking also visiting new places.i like teaching little kids in the community .i started my business when i saw high demand for fresh fruits and vegetables with very little capital .i was able to grow and increase my capital base within a very short time frame.am looking forward to increase and expand my business by introducing cereals for human consumption..whats unique about my town is the land scape where we are surrounded by by mountains on both ends.Lake Nakuru National Park famous for its flamingos,Hyrax museum and Menengai crater are some of the geographical features of our county

My Business

i sell fresh fruits and vegetables for human consumption both retail and sometime wholesale.types of fruits and vegetables i sell are examples of oranges,mangoes,tomatoes,onions, kale's banana and sukuma wiki and lots of small fresh local vegetables depending on season of harvest.i buy my sales from a local market not very far from my business place sometimes i go to purchase direct from small scale farmers in the neighboring town.i then package in small bags and smaller quantity depending on the nature of the item.i have good customer base both on my stall i get calls to do door to door delivery at an extra little cost.i use the profits i have made to support my younger brothers school fees payment and upkeep money.i have grown tremendously within a very short period of time this attributes on the good saving habits i have aqua re in m childhood.some of my savings i have reinvested back to my business in able to exhaust demand of the my business supply.am looking forward to expand more by introducing cereals[cooking flour,rice,groundnuts,dry maize,dry beans pour age flour etc etc ] this will enable me to have a good capital base and a good start towards making my dream of owning a one stop shopping place.currently my business is able to generate at least 30 US DOLLARS per week to 50 US DOLLARS per week depending on various factors.I am looking for capital to start supply of cereals to schools

Loan Proposal

Am looking for a principal loan in able to purchase 90kgs bag of maize flour at 45 US dollars, 100kgs bag of rice at 60 US dollars,50kgs bag of beans at 50 US dollars and 50kgs dry maize at 30 US dollars. This will unable maximization of profit hence improve standard of living for me and the people in my community.Am projecting a profit margin of between 60 US dollars to 80 US dollars per week

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$199.04

Date disbursed

Oct 27, 2015

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $8.26

Lenders

valentin

Stockholm, Sweden

D

dkapplerb

Toronto, Canada

AdamP

Sunnyvale, United States

G

garrybuck

Oro Valley, United States

D

drjofleming

UK, United Kingdom

DeanDropshot

Oslo, Norway

F

Fiodal

Helsinki, Finland

ScottSavage

Las Vegas, NV, United States

C

cjmenchaca

Austin, United States

Kysera

Crawfordsville, United States

HansLindgren

Uppsala, Sweden

J

jjonas

berlin, Germany

M

mgeck

Munich, Germany

HE

help each other

Glasgow, United Kingdom

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

T

tonilends

catalonia is not:, Spain

S

SeanWolfPack

Raleigh, United States

indeh

London, United Kingdom

kickerofelves

Sao Paulo, Brazil

D

Dadiolafs

Vestmannaeyjar, Iceland

P

penguin3694

Chicago, United States

R

rpmccarthy

Sydney, Australia

T

the0bauman

Hillsboro, United States

M

mmcclu111

San Francisco, United States

L

LeegleechN

Sunnyvale, CA, United States

R

Rking

Eugene, United States

M

mkellerman

Shanghai, China

L

leeirel

Edmonton, Canada

basicus

Cairo, Egypt

J

Jopar

Corroios, Portugal

panamaman

Philadelphia, United States

fairspirit

Utrecht, Netherlands

L

LindsayB

Sydney, Australia

mithril

Prague, Czech Republic

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

Longhorn

Austin, United States

B

Bokolo

Leeds, United Kingdom

gseletko

South Perth, Australia

F

Forfex

Zurich, Switzerland

S

Spelbreker

Zwijnaarde, Belgium

Lambie

Perth, Australia

S

seikatsu

Palo Alto, CA, United States

tonnyschonewille

Maastricht, Netherlands

GuillaumeTeissier

Montréal, Canada

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

J

jinx83

Brisbane, Australia

DJBic

Clinton, United States

HealthcareProvider

Baltimore, United States

L

Lennert

Alphen aan den Rijn, Netherlands

H

Haavard

Bergen, Norway

M

MarkKrakow

Joliet, United States

H

hambunny

Manchester, United Kingdom

G

GanSatya

United States

D

dcb1987

Chicago, United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

H

HoseB

San Francisco, United States

Matching Fund

Sterling, United States

M

microlender

United States

ColinHicks

Chichester, United Kingdom

S

spivurno

United States

M

meric

Australia

S

science4sail

United States

M

marcof

Netherlands

M

maverick

United States

M

MaggieYG

United States

joshuacollinson

Vienna, Austria

A

ajayhk

San Jose, United States

J

jbhernan

United States

P

Panda6689

United States

G

GDean

United States

W

wesbh89

United States

WiscoHorndog

United States

J

jdelaporte

United States

A

AlexH

United Kingdom

S

stryker75

United States

SV

sven vdk

Twickenham, United Kingdom

ZS

Zach Silveira

Asheville, Nc, United States

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