Expand my cereals business

Entrepreneur

About Me

My name is Lilian Wamboi am a second born of the family of six,my father was in formal employment and my mother was a farmer, she used to sell her farm produce in town and she used make life better and sometimes pay school fee for us. Iam a mother of 2 children whom i love very much and i really want to give them the best in life,

Iam a graduate from Moi university having studied Business management.i started my business of buying and selling cereals by buying maize, millet and beans from farmers in the harvesting season and selling them to friends and neighbors in my neighborhood.
i started this business to help my siblings who are still tertiary education because my parents are not as energetic as they used to be when we were young. Iam currently working on contract and do the cereals business on part time basis and as at as at now the business is seasonal because i depend on the time farmer in this area are harvesting for me to get my stock at a cheaper rate.
i would like to expand so that l may start getting the produce from other areas like busia county because we harvest at different times. i also want to open a shop so that my customers may easily access my produce , increase my stock and market my products so that l may start suppying them to schools in bulk.

My first born is 10 years and would like to be a pediatrician and my second born would like to be a pilot. i would wish to support them fully to make the desires of their heart come true.

my hobbies include swimming,reading journals, traveling, and spending time with my family it makes me feel so blessed

My Business

i do cereals business where i buy maize,beans and millets.
Maize is white corn, in kenya we grind maize to make flour which makes ugali. ugali is a staple food in kenya. Beans is another staple food which is eaten with ugali,rice or mixed with maize to make githeri its a source of protein.Millet is grinded to make flour that makes porridge and sometimes makes ugali.
The cereals are mostly food that are consumed by local community.i choose this business because everybody consumes food in their household and at the sometime l provide market to the farmers who needs money urgently and they have cereals in the store.
I believe once I receive a loan, my business will be able to grow as I would be able to add more stock to my business and I will be able to repay the loan within the promised time. I will be able to do so with the money I make from the sales of the cereals as well as the salary.
i intend to use part of the profit to help in paying school fees for my siblings and part of it to reinvest in the business.

Loan Proposal

Thanks you so much Zidisha for the opportunity you have given me to expand in my business and improve my personal life. With the last loan you gave me i introduced a new variety of beans and my customers loved it.
Wish to use the loan you are going to give me to Expand my business by buying cereals in bulk that way i will be able to sell in bulk, first of all i will start boiling the beans for customers who dont have time to cook, secondly i want to start selling beans to schools in bulk,per sack instead on current method where i used units of measurement like 2 kgs,1kgs, 500g and 250g for families who want small amount to cook dinner.

I plan to buy my beans from Mt. Elgon At 4500 per 90kg bag, I will spend 500 to transport the beans from Mt Elgon to Eldoret. I will sell the beans at 6000 per bag
my profit margin will be Ksh.1000 if the school comes and pick the beans from my store. but if i have to trasnport to school i will spend Ksh.200 and get a profit of Ksh800

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