To invest in agribusiness

Simon Ngethe

Kianjoya Village, Kenya

100% repaid

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Entrepreneur

Name

Simon Ngethe

Member since

April 2013

On-time repayments

171 installments • 72%

About Me

I am a small-scale retailer and a part-time teacher at Mugaa Secondary School. I sell basic household things such as sugar, flour, salt, tea, etc. My business on average generates KShs 5,000 ($48 USD) in profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife, who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family.

During my free time, I like travelling and visiting places, listening to music, and watching movies. I have attended and completed college, but I have not yet gotten a meaningful job because there are few jobs in Kenya.

My Business

My shop is located in Kianjoya Shopping Centre, just adjacent to Kianjoya Primary School. I combine my small salary from teaching and the profit I generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister, who is married and lives far away. So I do not really manage to save a lot, but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business, the more customers I will get and retain. I want my business to be stable and growing. In the future, I hope I can expand the business to even become a wholesaler.

Loan Proposal

I would like to apply for a loan to start an agribusiness project of cabbage farming. As the onset of the long rains is near I believe it will be a viable project in the area as well as the surrounding village for there is a ready market. I have managed to get a half of an acre of land and i require some more other materials which are as follows and their prices:
Globe master F1 cabbage seeds (100g)............Ksh 6000
50kg NPK fertilizer....................................................Ksh 5000
Pesticides........................................................................Ksh 4500
Knapsack sprayer.........................................................Ksh 5500
Labour and other expenses.....................................Ksh 10000
the above named are the requirements for the project to be a success. There is a ready market for the product in the area as well as the surrounding area. I will service the loan with profits from the retail business which is now growing and I hope with your support it will be a wholesale shop soon. I look forward for a positive response from you. Thanks in advance.

Show original English

About Me

I am a small scale retailer and a part time teacher at Mugaa Secondary School. I sell basic household things such as sugar, floor, salt, tea, etc. My business on average generates Kshs 5,000 profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family. During my free time, I like travelling and visiting places , listening to music, and watching movies. I have attended college and completed but i have not yet gotten a meaningful job because there are few jobs in Kenya.

My Business

My shop is located in Kianjoya Shopping Centre just adjacent to Kianjoya Primary School. I combine my small salary from teaching job and the profit i generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister who is married far away. So i do not really manage to save a lot but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business the more customer I will get and retain. I want my business to be stable and growing. in future, I hope I can expand the business to even become a wholesaler.