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Food Retail

Increase cereals

John DoeJ
EntrepreneurPeterLocationNairobi , Kenya
Project status
100%funded
$35raised
Disbursedon September 19, 2018

I am honest, humble, time conscious, focused and responsible personel. I went through a lot when I was growing up. My childhood life was hit with not only poverty but also poor health. My had to struggle and working hard labour in order for us to food at the table. My started a green grocery kiosk. It this kiosk that helped and solved most of our problems. She sold almost everything there. This opened up my mind. I got interest in doing business. I started my small kiosk for selling cereals. It was just one bag of maize that I started with, now it has grown and I have all cereals to the extent that I supply them to other cereal retailers. 40% of my net profit I take it to pay my bills and my family. I reinvest 60% back into my business. I believe I will grow to highest level possible. I 70% of my stock I get it from farmers direct. Then 30% is from my farm. They is high demand for cereals especially in the city. am working hard to meet this ever increasing demand.

I sell cereals to consumers directly. I also supply it to cereal retailers, schools and tertiary institutions. I reinvest 60% of my net profit. This the main source of capital. 30% of my stock I get it from my farm.

This loan is to be of much help to my business. I will use 70% of this loan, to buy more stock from farmers. The rest I will use it to buy more packaging materials and I will use it to for transportation of cereals from the farm to the store.