Additional stock for my meat & eggs supply business
James
Mombasa, Kenya
100% repaid
Entrepreneur
Name
James
Member since
December 2014
On-time repayments
220 installments • 82%
About Me
My name is James Opany. I am 43 years old having been born in Mombasa City which is the second largest city in Kenya. Mombasa is a port city and my father used to work at Kenya Ports Authority as a clerk. He later retired and went back to Western Kenya which is his rural home. By then was all grown up and I had cleared my college education and I decided not to follow him to his rural home.
I trained as an accountant after my secondary eduction and luckily got a job as an accountant in a local auditing firm. I worked there for about 10 years and then the company closed down. With my terminal benefits, I decided to set up a business selling food products such as sausages, eggs, chicken as well as soft drinks.
I am married with two kids aged 16 and 9 years.
My Business
I deal with sale of food products such as sausages, eggs, chicken as well as soft drinks. I get my supplies from Farmers Choice who are the leading processors of these products in Kenya. I got to know them well because they were our clients at the auditing firm that I was working for before it closed down.
I make daily sales of about $60 with a daily profit of about $12. I use this money to support my family and for business expansion. Despite the relatively good sales volumes, I go get some challenges since there are many competing needs for the money generated by the business and this makes expansion very difficult or even replacing faulty equipment.
I started rearing chicken two years ago and the business has proved to be a huge success since I sell the poultry products from this lot. I however want to expand this area so that I may produce enough birds to sell at the outlet.
For this reason, I need a helping hand in form of credit and I feel Zidisha is a perfect partner in my endeavor due to their friendly loan terms.
Loan Proposal
My business has grown by leaps and bounds in the last one year. I now have many orders from institutions like schools, hotels and hospitals. For me to serve these new clients effectively I need more capital so as to expand my capacity.
With money from this loan, I will be able to satisfy them by increasing my daily stock by about 40%. This in turn will translate into more sales and hence more profit from the business.
Thank you for reading my proposal and kindly consider lending me.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$377.00
Date disbursed
Jan 19, 2016
Repayment status
On Time
Projected term
36 months
Other loans
Lenders
United States
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