Opening two additional sites for hay production business

Josphat

Mugaa, Kenya

100% repaid

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

Am josphat karuga njoroge applying for loan of ksh 32,481.The money will enable me to meet all my financial obligations and open up two more working sites for purchasing grass.
The loan will have great benefit on my life and economy as I will be in a position to improve my life and also it will help create employment to my local people.
This time round I expect my profit to increase upto 50%
loan will be repaid using the continuing net profit weekly at installments of ksh 1000.
My market plans is to go beyong my local vicinity and approach all zero grazing farmers to be potential customers.
Granting me the loan will be very prudent.I will appreciate.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$360.00

Date disbursed

Feb 24, 2015

Repayment status

On Time

Projected term

7 months

Lenders

T

thebonseung

Republic of Korea

Kamil

Lidzbark Warminski, Poland

mepster

San Francisco, Ca, United States

Robert Long III

Bridgman, MI, United States

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  • Josphat    Jul 3, 2018

    wow! wow! am so impressed by your kindness and heartful support towards my business growth. am planning to intensify my business tactics of buying hay from farmers and resale at a profit depending on the current market rates. i will repay the loan soonest possible. i cant let you down.

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  • Josphat    Jun 29, 2018

    The photos below illustrate my current approach to my business of cutting grass and making hay/bales for sale. Am now applying another loan to venture more into this business and grow together with other people..thanks zidisha for coming to my aid.

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  • Josphat    Jun 28, 2018

    the loan has greatly moved and upgraded my business to an extent am now hiring rolling tractors to make bales for farmers and then sell the bales to mu customers. am working hard to reduce the risk of making losses in my business by allowing the farmers to cut grass and make bales and then I come in and buy the bales and sell to customers at a profit, the photos below show a hired tractor making bales for farmers, It is my hope that I will get this loan to continue upgrading my business. My goal is to be a leading supplier of hay in my county and finalyin the whole country.

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  • J    Jun 27, 2018

    Dear Josphat,

    Please post a photo of *yourself* as the profile picture, at the very top of the screen. This is a Zidisha requirement. Please take care of this, as soon as possible. Thank you!

    The other photo that’s currently there, you can move to a lower spot on the Discussion page, with a note to your lenders. Thanks. :)

    Kind regards,
    Joost
    Team Zidisha

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  • Josphat    Jan 28, 2018

    the peak season is now starting ,January is a dry month in my country. am hoping to increase my stock and source more customers for my product. my lenders,am humbled by your continued support and i will never default in loan repayment. Business competition has enormously increased and realy working hard to outdo them.

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  • Josphat    Dec 28, 2017

    Hello, lenders, am gland we have been working together for thus year. As it comes to an end, i want to wish you happy new year. Hoping the year will be fovourable to our business.

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  • Josphat    Mar 6, 2017

    hello dear lenders..hope you are doing well..am really appreciative of the support you have offered all through..my business is doing.am trying my best to repay the. loan due before the set time. I love working with you. the hay business is picking at this time due to excess drought affecting the whole country.

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  • Josphat    Apr 27, 2016

    i wish to reduce the repayment installments to ksh 200 due to financial constraints as my business has been affected by the rains where a day ends without making a sale,but once the rains are over i will increase the installments.thanks in advance

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  • Josphat    Oct 27, 2015

    i have received 48765 .am so grateful.i will buy
    polythene bags and cater all financial duties i have to my staffs.thanks once again

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  • Josphat    Oct 24, 2015

    Am so happy dear lenders for your financial support.I have waited for this moment with anxiety.I will buy polythene bags for covering the grass and cover all financial obligations. The money will be of great support thank you once again.

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  • Josphat    Oct 9, 2015

    with the loan funds i have just completed i opened two new market sites which are doing well where each day a profit of ksh 1000 is realised.The new market points are fully staffed .i have made great difference to my and the life of my fellow kenyans by creating employment to anyone irrespective of education level.
    I thank you greatly for the grant and promise to be still good partner with you as I apply again for your loan fund

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  • Josphat    Feb 23, 2015

    looking forward to purchase a 2 acres of land to plant my own grass at a cost of ksh 100,000.

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  • Jeremiah    Feb 23, 2015

    hello all the best in your business dear lenders please visit my loan page to

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  • Josphat    Feb 21, 2015

    the loan you offered to me has greatly improved my life to the next level.due to continuing drought for cattles am applying for the third time.the loan will enable me to continue with the business.

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  • Josphat    Nov 25, 2014

    the loan i got is really boosting my business. i have hope with your continuing support i will continue to grow..thanks for good work

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  • Josphat    Sep 12, 2014

    A lot of thanks to zidisha lenders who make my dream come true. Thank you for funding my loan application. I am sure it will help me greatly.

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  • Josphat    Sep 9, 2014

    Zidisha is doing good things to local people and i have examples of people who are in Zidisha and who have greatly benefitted and improved their lives. You are good people in the world.

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