Ventures in cereals and other farm produce
Silas
Bungoma, Kenya
100% repaid
Entrepreneur
Name
Silas
Member since
June 2014
On-time repayments
326 installments • 10%
About Me
Am a married man with one wife and a child. I reside in western part of Kenya. Education-undergraduate. I started the business to help me earn a living and support my family. My hobbies are singing worship songs, travelling, reading books and making friends. During my part time, i would like to advance my education when i raise school fees. From the profit from my business, 50% goes to the family up-bring and other for business expansion. I look forward to have a stable business that can keep my family, educate them and open other viable projects in future.
My Business
I have venture in cereals and other farms inputs. I travel around to get varieties of cereals e.g dry maize, millet, sorghum, beans/tomatoes, Onions etc. I prefer to buying them during harvest time hence, low in prices then i stock them for a while and sell to get reasonable profit. I preferred this business because these cereals are our staple food. I sell these cereals to institutions and local markets. Example 1: 1 sack of 90kg of maize buying price 32.5 USD, i sell it at 40.6 USD. 1 crate for tomatoes costs 29.5 USD, i sell it at 35.3USD making profit of 5.8 USDThe challenge in this business is where to stock for you need a store/warehouse. But because of high cost involved, i do it in the house looking forward to construct my on structure.
Loan Proposal
When i get this loan, it will help me to expand my business. I will buy more 2 crates of tomatoes at 29.5 USD. Through this i will realise a profit of about 5.8 USD. Together with the little capital i have, it will expand my business. Though my business requires more capital, am positive that i will graduate in loan size Zidisha is offering until i achieve my goal.
I get more orders from learning institutions for the dry cereals which challenges my capacity to deliver. I believe through this loan, one day i will be able to handle any order that will come because i will be having enough capital to supply. As for now when such orders are due i incorporate other business minded friends in-order not to loose the market.
My long time goals are when i will to construct my own structure where i can store the goods and supply them when the market is ready. I want to be a responsible father of my family and that's why am motivated to make ends meet.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jun 13, 2014
Repayment status
On Time
Projected term
7 weeks
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