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
I will buy 16 bags of animal feeds and also 1 dozen of mineral licks and sell them in aweeks time.
I will buy 16 bags of animal feeds at a cost of $ 468 and 1 dozen of mineral licks at a cost of $ 90. I will sell the 16 bags of animal feeds at a cost of $496 making a profit of $28 a week. I will sell 1 dozen of mineral licks at a cost of $ 133 making a profit of $43 a week in mineral licks. From the sale of both animal feeds and mineral licks, i will have a gross of $628 per week. The net profit from the sale of animal feeds and mineral licks will be$70 in aweek. With the profit, i will be able to assist my family, educate our younger siblings. I will also be able to run my business and repay Zidisha loan. I have $381 and i need $177 to be able to raise $558 in order to purchase the foresaid farm inputs. I hereby apply for a loan of $177 from Zidisha micro lending to purchase farm inputs [animal feeds & mineral licks] for my agrovet.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$179.00
Date disbursed
Jan 1, 2015
Repayment status
On Time
Projected term
21 months
Other loans
Lenders
North Kansas City, United States
Canada
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