I want to pay school fees and start local poultry project
Lance
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Lance
Member since
May 2013
On-time repayments
109 installments • 78%
About Me
I am Lance Dzombo, a father of three children; a boy and two girls. The first and second are in high school while the last is in primary level.
I live in the coast of Kenya Mombasa at Walea Village in Kaloleni. I went through primary level of education and later joined a high school up to form four where I completed my studies before venturing into business.
I started business so as to increase my income and also i found it interesting being a farmer and at the same time a businessman. I started other project of like small poultry farmer and bought one cattle so as to boost my income from the milk sale.
These agricultural activities will help me in my business since I want to start another project of planting kales and cabbages so as to make the work easier in terms of selling them instead of travelling all a long the way to mombasa to buy them from wholeselars. My pastime hobby is reading and singing.
My Business
My business is a grocer and since it is, I sell goods like cabbages, kales, tomatoes, onions, bananas potatoes, spinach and many others.
The demand of this business is high though not for all the time, and this is because the goods i sell are basic, meaning that they are needed by the consumers each and every day to satisfy their needs and also because the population around my business is high.
Most of the people prefer to come to my grocer simply because of the way I handle them and the goods i offer are always fresh. I offer some service after sale such as packaging the goods and I also treat them gently and equitably. Since my customers come in big numbers my and there is no much wastages as in perishability and minor damages to goods are being contained properbly there is profitability to this business.
Some of the risks incurred in this business is like kales going bad but controlled by avoiding holding a large stock and selling in time to avoid them staying more than one day. Another risk is experienced when tomatoes are being damaged, where this is avoided by buying only tomatoes which at once by mix them with the ones which are ready to be used and few which can last for some time.
I spend almost Ksh,30,000 per month on buying the goods and get almost Ksh.40,000 after selling in the whole month and since there are some expenses like transport, packaging materials, I spend Ksh.4,000 on this expenses thus making a profit of Ksh.6,000 per month.
Loan Proposal
To begin with I have benefited a lot from the previous loans; I managed to plant nappier grass for my cattle and paid school fees in college for my first born.
I want to this loan to use it for paying school fees for my last born who is joining secondary school and the section of it start local breed poultry project. I will use Ksh 15,000 of the loan to pay school fees, Ksh.8,000 for poultry project, ksh. 1000 I will put into grocery to increase stock supply and rest of the money I will use it to put into the family basic use and developments. I appreciate your good work.
Thanks in advance
Lance Dzombo
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Loan Info
Project Type
Classic Loan
Disbursed amount
$288.00
Date disbursed
Jan 29, 2015
Repayment status
On Time
Projected term
4 months
Lenders
Reston, United States
[email protected], Belgium
Geneva, Switzerland
Germany
United States
Germany
United States
Australia
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