Stock of vegetables,fruits and cereals for my shop
John
Kajiado Town, Kenya
100% repaid
Entrepreneur
Name
John
Member since
May 2014
On-time repayments
32 installments • 38%
About Me
I am a very enthusiastic entrepreneur with the desire to make the world a better place than I found it. I have been very keen to encourage other young men and women to take up business to better their lives than to sit and wait for government help or till they get jobs. There's a young man I have been training in my shop and i now intend to employ him full time to run one of them.
I have a wife and two young boys who I really adore and have set my goal to give them the best a father can give to his family.
I continue to express my sincere gratitude to the Zidisha team and to the lenders for enabling people like me make such a difference in our businesses. Indeed there has been a very big positive change in my family’s life in terms of general standard of living. My children have greatly improved academically because of attending a good school. My wife is about to complete her catering course and is really looking forward to putting up a cake and pastries shop once she completes at the end of this year.
My Business
From the moment I pumped more capital in my shop my customers responded very positively. The main reason for the big turnaround was the introduction of groceries. People used to walk long distance to visit the market in the town centre. With my shop offering the needed groceries so close home it was a real dream comes true. Once any customer stops for groceries it automatically follows that they also buy other house hold products like sugar, soap, oil, bread, milk etc.
My once dormant shop is now making a profit of US$ 100 a week which is about US $400 a month. I am saving 30% of it for my family’s future and another 30% for my business. We use the rest for our daily subsistence living.
My income has grown tremendously and I believe now is the right time to expand.
Loan Proposal
Kajiado County is largely a semi arid area. The problem is worsened by lack of piped water therefore its hard for families to even keep a small vegetable garden. Almost all vegetables eaten here come from outside the county. For this reason fresh vegetables and fruits are very precious.
When my shop is stocked with these vegetables the residents of the neighboring estates will flock there not only for them but also for other shop products therefore boosting my sales turnover.
Therefore I intend to use one third of the loan I will get i.e US$ 50 (Ksh 4,312) to purchase fruits and fresh vegetables to sell in my shop.
The breakdown is as follows
Product Quantity Cost per unit (Ksh) Amount(Ksh) Amount in USD
Kales and spinach 50 kg 20 1000 12
Unripe bananas 30 kg 15 450 5
Irish potatoes 50 kg 27 1350 16
Cabbages 20 pieces 15 300 3
Ripe bananas 5 bunches 100 500 6
Onions 20 kg 20 400 5
Tomatoes 20 15 300 3
Total 4300 50
The remaining two thirds will be used to purchase cereals as follows
Product Quantity Cost per unit (Ksh) Amount (Ksh) Amount in USD
Beans (Assorted) 20 kg 100 2000 23
Green grams 15 kg 120 1800 21
Cow peas 15 kg 140 2100 24
Green maize 100 pcs 9 900 10
Rice 26 kg 70 1820 21
Total 8620 100
Grand Total of the amount required to purchase the above stock is Ksh 12,920 or US $ 150
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jun 2, 2014
Repayment status
On Time
Projected term
6 weeks
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