Spices to supply to hotels

David Musee

Mombasa, Kenya

6% repaid

Entrepreneur

Name

David Musee

Member since

December 2014

On-time repayments

214 installments  •  77%

About Me

My name is David Musee, born and bred in Machakos County near Nairobi. I was a born in a family of seven and I am the first born. Machakos is a semi arid area and the main activity there is cattle rearing. Due to the harsh climatic conditions the pastrolists keep poor quality indigenous breed and they don’t make much from this activity.

I spent my childhood looking after by father’s cattle as was the norm them. I also attended school for my primary and secondary school before moving to Mombasa in an effort to break the yoke of poverty back home.

I came to Mombasa about 25 years ago and I was lucky enough to get a job in a food processing factory. I worked there for 11 years while making savings and learning skills that would come in handy when I started a similar business of my own later.
I am happily married with three children all who are in school.

My Business

My business deals with selling of food spices, food colors and flavours. I have been running this business for a long time and I do it with help of my brother, my wife and some casuals. I buy spices like cumin, cloves, pepper etc from farmers then dry and later ground them to fine form for sale to wholesalers and retail outlets.

There is always a ready market in Mombasa due to its large population of locals who like to put strong spices in their delicacies. There is also a huge market in the neighboring countries but I am yet to venture there due to financial constraints which have limited me to just serving the local market. I hope to create confidence with Zidisha lenders and with time get a good enough credit to enable me expand my business territory.

I make a net profit of $400 per month but this can easily go up if I am given a financial credit backing which I have lacked for a long time.

Loan Proposal

I got an order to supply two big hotels with different types of spices, This is due to the high tourism season during this period. I will supply them with chillis, cloves, pepper etc. I will source these spices from neighboring country where they are a bit cheaper and I hope to make a good profit of about 30% after covering all the expenses.

This will help me cater for my children education and my other expenses.

Thank you very much.

Feedback

1

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  • harriet    Mar 29, 2018

    Very speedy repayment!! All the best in your tasty future! :) i like chilli sauce.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$979.83

Date disbursed

Oct 10, 2017

Repayment status

Late

Projected term

225 months

Cost to entrepreneur

Service fee: $41.11

Lenders

PG

Paul Graham

United States

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