Entrepreneur
Name
Josphat
Member since
August 2014
On-time repayments
211 installments • 97%
About Me
My name is Josphat Karuga Njoroge. I am a second born in a family of six children. I live with my family: father, mother and other siblings in Mugaa village. My education is up to secondary school where i completed form 4. i do business of selling grass for cattle in form of bales of hay. what happens is that i buy fields of grass locally and i hire people to cut grass which i pay the 3 shillings per kilogram and the i sell it at a profit. I was taught this business by my brother who do this business in large scale. i get good profit which depends on the amount of dry grass i have. i support my father when he is in need for example to pay some of school fees while i buy my important things such as furniture and clothings and i save some. I usually move where grass is so i am not only based in Mugaa at times.
My Business
My business involves cutting grass and selling it in form of bales of hay. my first client is my brother who started this business several years ago. This business is good because cattles will never stop eating grass and that is what motivates us who are in this business. for example, currently there is huge demand for hay due to lack of rains during april in kenya. I pay local people especially IDPs (internally displaced people) who were moved to our place to cut grass which i buy in kilograms. I pay 3 shilings per one kilogram and then for the rolling machine to make and buy hay bales each at 45 shillings. I get good profit for example in April I bought 4350 kiolgrams of hay at 13050 and sold it and i got 10000 in profit. the challenge is to move and buy large tracts of grass because the seller demands you buy more than you can afford. A zidisha loan will really help me to buy large amounts of grass to sell at a larger profit.
Loan Proposal
I have lloked for grass first before applying for loan and i found almost half an acre which i want to buy. It is difficult to determine the amount exactly of grass in the field because it depends on the grass type and height and the mode of harvest. This I am buying 8000 shillings but i still nee money to hire grass cutters who are local people mostly formerly internally displaced people who are along mugaa-miti mingi road. so i will nee more 6000 to facilitate even transport costs. So a loan of 13000 will be greatly helpful to me in this work. I have confidence since hay is in high demand especially from now September 2014 to May next year and this cycle continues. in fact gras is the one not available to buy and sell but once i get it there is always ready market because i communicate with the buyer before buying raw grass.Thanks to zidisha lenders for the good work they are doing.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Sep 12, 2014
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Bremen, Germany
United Kingdom
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