Rice, beans, maize and wheat for my cereals shop

Anthony

Mombassa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Anthony

Member since

January 2015

On-time repayments

252 installments • 44%

About Me

I Anthony Githae, I was brought in village a place called Murang'a I was
taken to primary school an year after my Father's death that's 1995.
Life was not easy being brought up by a single mother who was not
employed by then. Challenges was at door posts since we were six children
where I am the last born. Secondary school was a continuity of
challenges I had to travel 5km but all in all I managed the course and
traveled from the village looking for greener pastures. Little did I
knew about hustling. i married a woman from my friend list and we are blessed with two kids Emmanuel and Abigail. I worked for three years and managed to save some
money and opened a shop where I have been for four years now. there is high demand for food due to the high population as a result of polygamy among the tribes I am also a gospel artist composer and writer of more than twenty gospel song.i am current studying also THEOLOGY and working with a priest to spread the gospel . my kinds are still young and not yet have they decide what they would like to become when the grow up.
i like swimming in the Indian ocean i like playing football and soon will be reading books as part of studies and also as hobby.

My Business

My
business is a retail shop that operates from 6.30am to 9.30pm.we sell rice, cooking oil they have a high demand especially to the village we do sell maize flour and wheat flour and they are also fast moving goods. We are
selling food stuffs and cereals. maize and beans do good in my business and some more cereals my target is hotels i do supply to their needs
The reason as to why I decided to operate a shop is because I was employed as a shop keeper and it was the business I had best knowledge of. the total sale per day is K.E.S 20,000 and up to K.E.S 50000 during the pick season
my profit margin is K.E.S 2,000 per day. early last year, the profit i made enabled me to buy a piece of land, and i have been planting greens and some other crops and in future i will build my house there.
I am raising my family with what I get, pay both business rent and that of my home , coming next year my son will be joining school and that will be facilitated by the profit.

Loan Proposal

I am planning to increase volume of my cereals so that I can sell as a wholesaler since many customers have been requesting to buy in large volumes so that the price may be on their favour.
I have new demand for wheat grain. Our town receives villagers every month due to rural urban migration. Once they settle, they demand to extend their former lifestyle including their meals thus making wheat, beans maize and rice still be on high demand on my business.
Given the loan, I will buy
Five sacks of wheat grain worth 137USD
Seven bags of maize grains worth 187USD
10 bags of Rice (pakistan) worth 153 USD
On beans, I have some few sacks with me so I will just add two sacks worth 73USD.
I am greatful to all my lenders for your great support and I will always stand with you especially on repaying my loan.

Thank you