Seeds and agrochemicals for maize, beans and sorghum
Rosemary
Buduta, Kenya
100% repaid
Entrepreneur
Name
Rosemary
Member since
March 2014
On-time repayments
267 installments • 23%
About Me
Rosemary manga is number five in a family of eight. Being a humble family unfortunately our father died a long time ago while i was in form 2 at Eregi girls high school. Because of school fees had to change school and joined Bukaya secondary school. Our Elder brother being the only Mature figure around took over all the responsibilities as a father.
Though thick and thin finished high school and joined a nursing school graduated and now a nurse at Buduta dispensary in Samia district in Busia county.
To shelve my brother of some responsibilities I started a small business where I lease farms plant cereals and sell the harvest. I also buy on wholesale and sale on retail at my local store at Bukiri. The profit received is used to purchase more stock and the extra used to support my young siblings in paying school fees.
My Business
My store deals in buying on wholesale ans selling on retail.We also sell our cereals directly from our leased farms.
the cereals include - Beans, Maize,Sorghum, millet, rice, soya beans etc.
On demand a sack of maize goes at 2000/= on wholesale. retail price is about 3200/= here a profit of 1200/= is realized, so if you purchase fifty bags at the same price and sell at retail price then the profit is 60000/=.
For any business a profit of 60000 after a short period of time is paramount.
This loan will help me expand my area of operation and also assist me achieve my goal. I want to use this second loan to weed for the second time and also add manure to the crops to add value. This is also in preparation to harvesting beens and buying on wholesale from other famers to stock my cereals shop. This is my second loan.
Loan Proposal
Given the nature of my business, a time like this we lease farms and plant maize, beans and sorghum. when they mature the harvest is used to stock my cereal shop. during the same time I also buy from other famers cereals at wholesale price and in turn sale at retail when prices go up.
During this time the business is good as people buy cereals as seeds this will go on for like to months when people will be through with planting season.
I will use the loan to organise planting activities on my leased farm.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Mar 28, 2014
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
Haarlemmermeer, Netherlands
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