Entrepreneur

About Me

He is married with one wife and five children, of whom four are in school, i.e. 3 in primary school, one is in the top class, the other still young. Business profits are used to increase stock, pay school fees, buy clothing and household expenses.

My Business

Businessman at Oloolaimutia Centre running a poshomill (corn milling service) at the small centre. He also started business in the year 2000 .i.e. buying and selling cattle. He had only Ksh.10,000 (US $128) capital. He improved gradually and later diverted to open up a poshomill in 2004 which he saw it was a good business. Before he had 18 cows and has now 50. He joined Kenya Women Federation Trust (KWFT, a local microfinance institution) in 2007 where he was financed and increased his business.

Loan Proposal

Since the assistance from the previous lenders i would like to sincerely appreciate for the full support.
I would like to expand more bags of maize and restock a small tea room at Oloolaimutia Trading center.Each bag of maize would cost Ksh 1,500 per bag and would purchase 30 number of bags. The total amount is Ksh 45,000,then transporting cost will be ksh 2,000 then the total amount for my small posho mill will consume ksh 47,000.The income will be generated weekly. I approxmite that it will generate Ksh 3000 per week.
The tea room would need to be re-stock for buying 50 kilograms of sugar,one sachet of tea leaves and one bundle of wheat flour for making African chapati and mandazi which are very sweat and delicious.I would make a profit of Ksh 2000 per week on the Tea room side.This will enable with the income from posho mill. This income will be ksh (3000 *4) + (2000 * 4)=ksh 12,000 per month. This will help me to pay Zidisha loan and also keep the faith of my family.Seeing forward for you are generous support.

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