Eric

Kitengela, Kenya

100% repaid

Entrepreneur

Name

Eric

Member since

January 2014

On-time repayments

92 installments  •  20%

About Me

I am a young man from Kajiado full of passion to make it in the world of business. its very evident in our country unemployment is very high and therefore youths and every kenyan is encouraged to think beyond white colar jobs and instead engage in income generating activities.
After so many days wasted on the hustle to look for an office job an idea struck me and I have not looked back since.
being a resident of a pastoralism community, I discovered there was an opportunity in fresh food stuffs from the shamba and supply to the traders within kajiado county especially Kitengela, Isinya, Bisil and Athi river.
The earnings I generate from my business I use it to increase my stock and hence supply to more customers.
I also use the earnings to do small scale farmings which goes along way to supplement my business.

My Business

The source of income comes from the sales made when I supply to the market traders and also through the earnings I get from my small scale farming,
As I had mentioned earlier I come from a pastoralist area and up to now the people have not embraced farming and therefore depend on food supplies from other parts of the country.This is where I seem to fill the gap. The demand for foodstuff is all time high especially fresh produce since the area is semi arid.
My customers which comprise of market traders prefer my goods since I am reliable and always supply fresh stuff straight from the farm and sometimes my own farm produce.
However there has been a limitation since am not able to satisfy the potential due to lack of enough capital. The issue of risks comes when the rain comes it’s a bit challenging to get the supplies from the farms because of floods but due to the new form of county government, this is likely to be addressed and solved.
Monthly sales Analysis
Sales 80000
Cost of sales (40000)
Operation expenses(10000)
Profit 30000
This sales could however go up if I was to get more finance which will translate to increased profit margins.
This in doubt will enable me to repay the loan without any problem

Loan Proposal

The loan will be used to increase the stock from the source and hence I will be able to supply many traders at large quantities and also add a wide range of many farm fresh produce than what am currrently dealing with.
Another portion of the money will be directed to expand a small portion of dhania farm which I will be able to harvest and sell within 3 weeks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jan 29, 2014

Repayment status

On Time

Projected term

10 months

Other loans

Lenders

AWOL

USA, United States

Silver

Steiermark, Austria

Zidisha

Sterling, United States

C

cjmenchaca

Austin, United States

B

blahblah

Nuernberg, Germany

Sarasota

Sarasota, Fl, United States

G

GanSatya

United States

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