Entrepreneur
Name
Josphat
Member since
August 2014
On-time repayments
211 installments • 97%
About Me
My name is Josphat Karuga Njoroge. I am a second born in a family of six children. I live with my family: father, mother and other siblings in Mugaa village. My education is up to secondary school where i completed form 4. i do business of selling grass for cattle in form of bales of hay. what happens is that i buy fields of grass locally and i hire people to cut grass which i pay the 3 shillings per kilogram and the i sell it at a profit. I was taught this business by my brother who do this business in large scale. i get good profit which depends on the amount of dry grass i have. i support my father when he is in need for example to pay some of school fees while i buy my important things such as furniture and clothings and i save some. I usually move where grass is so i am not only based in Mugaa at times.
My Business
My business involves cutting grass and selling it in form of bales of hay. my first client is my brother who started this business several years ago. This business is good because cattles will never stop eating grass and that is what motivates us who are in this business. for example, currently there is huge demand for hay due to lack of rains during april in kenya. I pay local people especially IDPs (internally displaced people) who were moved to our place to cut grass which i buy in kilograms. I pay 3 shilings per one kilogram and then for the rolling machine to make and buy hay bales each at 45 shillings. I get good profit for example in April I bought 4350 kiolgrams of hay at 13050 and sold it and i got 10000 in profit. the challenge is to move and buy large tracts of grass because the seller demands you buy more than you can afford. A zidisha loan will really help me to buy large amounts of grass to sell at a larger profit.
Loan Proposal
Am josphat karug njoroge applying for a third time loan fund of ksh 48783.The amount will enable meet the financial duties and strengthen the foundation of my already two new market points by buying more grass and polythene bags to cover my grass at times of heavy rain and also establish security in the business.the loan will help continue improving my life and the life of my fellow kenyans by creating unending employment to them irrespective of their education level.
This time round i expect profit to increase gradually by 20%.
The loan will be repaid on weekly basis with installments of ksh 600 using the net profit realised.
my market plan is to produce and sell hay bales of different sizes costing differently.through this all farmers small and large scale will have a chance to buy bales at a cost that is pocket friendly.
Granting me the loan for this third time to improve my business and i will be glad.Thank you alot.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$490.00
Date disbursed
Oct 26, 2015
Repayment status
On Time
Projected term
49 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
United States
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