The loan will be used to buy more rice stock

Esther

Nairobi, Kenya

8% repaid

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How it Works

Entrepreneur

Name

Esther

Member since

April 2014

On-time repayments

14 installments • 7%

About Me

Hello Zindisha family,
I a m pleased to know about the Zindisha family and what it is doing to positively change peoples lives across the the globe and want to be one of them to be part of the history in making.
I am married to a lovely husband and we have one lovely daughter of 5 years we stay in Ongata rongai laiser estate with my husband and daughter.we have stayed here for the last 10 years with my husband keeping commercial chickens for our upkeep.
I started saving from reducing some of our grocery needs and that helped me
start buying and selling rice to my neighbors to try to assist my overburdened husband and that worked miracles.
Soon word spread very fast that am selling very good quality rice at a lower price than they can get from local stores and started having more customers hence need for more stock.
I am now selling to neighboring estates that is why i need more funds to be able to satisfy the demands
My dream is one day own a rice store in my backyard and employ people to help me supply it to my customers.

My Business

As i explained earlier it is two years now since i started this business and it has been a success according to me for it has helped me support my family and continue to do so while the capital i started with continue growing.The challenge i am now facing is to get more funds to increase the stock to cater for the high demand and maintain already existing customers,and be able to achieve my dreams.because i sell from home that is why i am able to sell at a lower price and the service of delivering to the customers make it very attractive to them so far it does not cost me much because i am only selling to my neighborhood.The loan will greatly help me to increase the stock and the more stock i buy the lower the price and the more the profit.
While my husband continue in his line i will be able to we will be able to supplement one anther anytime to our common goal of being successful business people .

Loan Proposal

By getting this loan it will greatly add to my profit because i will be able to buy rice in a bigger quantity and by that the price will be reduced and i will be able to get more profit and also be able to reach more customers

as i had explained earlier am experiencing problems because my stock is small therefore i can not make good profit.

With the loan i will be able to buy 150kgs of rice at a wholesale price of 140$ and by getting more profit i will be able to pay the loan comfortably.