Entrepreneur
Name
James
Member since
July 2011
On-time repayments
23 installments • 43%
About Me
i am a kenyan citizen aged 27, married, holding kenyan certificate of secondary education mean grade C+. i operate i single shop at KITI estate in Nakuru town. i have running it for the last 4 years.
My Business
after completing my secondary education back in the year 2005 my parents loan sponsored me with 10,000 shillings that i used to buy maize grains from December of that year through to April 2006. over that period i was able to buy and sell about 120 bags each of 90 kg of maize. i would use a family bicycle to gather the product in makongo village where i grew up. initially i was able to buy 5 bags and later sell them to brokers who took them to other districts. for every bag , i got a profit of kshs 500. as time went buy i managed to buy between 10-15 bags a week making a maximum profit of sh 7500 in two weeks. as time went by supply decreased and by april there was nothing to trade. in the close of my trade period i had accumulated net profits amounting to 50,000 shillings. from January 2009, i had joined a a co-operative society namely Njemtaka that has offices in the neighbouring village called Munanda. i was able to contribute 3500 per month. in May the same year i took a loan of ksh 30000 and together with my savings, a started a kiosk(small shop business). after operating it for nine months at the time i completed paying my loan, i took another loan of kshs 80000 in the year 2010 and relocated my business to nakuru town, KITI estate where i am experiencing a higher turn over. i have so far completed paying the loan and i am still a member of the co-operative. however their interest rate is higher ie. 12% per annum and therefore i would prefer a loan from Zidisha. if given a loan of kshs 50000 and top up my savings of kshs 30000 and use the sum to buy grains during this harvesting season, bulk-break and later retail to my customers. i am intending to buy maize and beans as the most popular grains. my shop has enough space to stock atleast 10 bags of each. a 90kg bag of maize from the farmers cost is ksh 3000 and that of beans cost kshs 4000. and the rest for transport. on average each bag of maize will earn a profit of sh 800 and that of beans shs 900, and the profit may improve as the supply diminish in the market. i look forward for a positive response
Loan Proposal
hi lenders hapy new year, i have the pleasure to report that i am doing well as an individual and in my business. it has been a very busy and friutful season running from nov. last year and hopefully through january2013, at is such a season business is normal above the ordinary,
i have plans of explaining my business activities diversifying into some agriculture, involving rearing bulls for sale. basically i intend to buy 4 zebu calves of about 3 months old . this breed is locally available back at home at nyahururu and is predominantly reared by the nomadic maasai community. a single calf cost approximately shs 7500. 4 such would cost a total of shs 30000. within 9-12 months of proper care a bull at that time would cost about shs 25000-30000, the total revenue for the 4 would range between sh 100000 - 120000, i will undertake my venture at home in nyahururu. since the idea came to me back in June 2012, i have, from my business savings i have been able to build a big pen, food and water troughs. my parents who have one grade cow have agreed to have the animals stay together. actually they have been encouraging me to venture into bull rearing business. the timing of my venture is such that by the time the bull are mature for sale we well be in 2013 festive season when demand for meat and hence animal for slaughter is high. i have also made arrangement for feeds by preserving maize stocks from our 2.5 acres of land at home. we have a bore hole hence water in plenty. though this breed is generally hardy and resistant to common diseases , i will use the remaining sh 10000 to buy drugs and supplement feeds o ensure the animal remain healthy and strong. my desire is that after selling the bulls , i will have enough money to expand my business further at this year festive season to take full advantage of it, i will also hope to have attained a level where my business can run without loans. such venture has worked for my friends. i am sure it will be successful for , market for bulls is guaranteed, my business will easily service the loan please join me in archiving this objective by bidding. be sure that i will keep you posted about my progress. thank you in advance
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Loan Info
Project Type
Classic Loan
Disbursed amount
$473.00
Date disbursed
Jan 4, 2013
Repayment status
Late
Projected term
12 months
Other loans
Lenders
Osaka, Japan
Winnipeg, Canada
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