Animal feed for my agro-vet business
Maxwell
Kigumo Town, Kenya
100% repaid
Entrepreneur
Name
Maxwell
Member since
July 2014
On-time repayments
231 installments • 57%
About Me
I am the second born in a family of eight. My parents are peasant farmers who by feeding us with a meal is luck because it is hard to get one. I have undergone my O levels and college education where it was so difficult for me to be in school throughout. I had to work for four days in a week to raise my education fee and go to class the rest week days. It reached somewhere that I couldn't be able to go to class again and became a street boy for sometime. In my family i am the breadwinner hence i must work extra harder to meet my families and my needs.
I successfully opened a small kiosks way back in 2010. I used to sell animal feeds only but since i joined Zidisha i have been dealing with animal feeds and mineral licks.
My Business
My business has got a title by name Stop-over Agrovet. It is situated in Kigumo town Kiambu County, in Kenya. In my business I have employed one person whom we work with I buy several bags of animal feeds and sell them by either the whole bag or by measuring it into kilograms. In our area daily farming is our economic activity hence making the product to move at a high speed. I buy 10 bags of animal feeds in a week at a cost of 25,000/= and sell them in the same week at a cost of 30,000/= making a profit of 5,000/= a week and in month time pocketing 30,000/= profit. I also sell mineral licks in my business.
If i expound on this figures i am capable of making good profit annually. Am now focused on expanding my business on higher heights and open up other related business branches in my neighbouring village. I also would like to introduce dairy related products and make my business a dairy farming hub for all farmers. Since I joined zidisha, I have grown economically because from the loans I had previously applied from zidisha have helped restock my business. I will be glad if Zidisha Microlending Movement will consider my proposal and fund my business.
Loan Proposal
Kind lender how are you? Thank you for this golden opportunity for posting my loan. Am applying for a loan of USD 180. All the cash will be used to purchase animal feeds. I will use USD 180 on complete dairy meal to stock my agrovet. One bag of complete dairy meal cost USD 20 therefore I will purchase only nine bags. I will sell them at a cost of USD 22 each making a profit of USD 18 which will help restock, feed us educate and also repayment of my instalments. Kindly lenders fund my project, thanks.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$157.00
Date disbursed
Jun 2, 2018
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Germany
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