Bulk stocking of groceries currently on season

Entrepreneur

About Me

My names are Rose Mumbi Wagema born in the year 1984, in Nakuru county of Rift valley Province in Kenya. I went through my Primary education in Nakuru. After my KCSE in the year 2004 I worked partime in Nakuru at the then common telephone bureaus ‘Simu ya Jamii’ until year 2006 where I joined Egoji TTC and graduated with P1 Certificate in Primary education. I am seventh in a family of 8 and am married with two children aged 7 and 2 years. I have worked as a teacher in Rugongo Primary school and currently Centre Primary school.

My Business

Currently I operate a Grocery Shop at Weru Town which since September2013, I have been operating with help of my sister due to the fact that I got a teaching job (not employed by government) as a teacher at Centre Primary School and I have been working there since then. I was introduced to Zidisha by three family friends who are already beneficiaries of the same and developed interest out of the same. In a good day, the business makes sales of about Ksh 2000 where profit ranges between sh 300 – sh 500. In a good month then the total profit is approximately sh. 10 000 which helps me pay rent and family upkeep. I would therefore wish to borrow from you so that I can have additional stock in the grocery shop where I can assign my sister to handle variety of items.
With Zidisha loan, I will be able to obtain the groceries from Naivasha on Wednesdays and Saturdays and this will go long way to ensuring that am full of stock throughout the week. The weather around has drastically changed and there is no question about dry spell in the months of October, December, January onwards unless it just rains soon. This is a clear indication that food stuffs will be costly and I would wish to bring them near this place where they are not available. Its my wish that as time goes by I will able to obtain the produce cheaply where my parents are farmers and distribute the same to areas around Weru. At my home place, sometimes my parents sell tomatoes, cereals and kales at throw away price and would wish to take advantage of the low cost, however most of these products are perishable and my interest is on the cereals which are a bit durable. At the same times the weather condition for this place favours production of potatoes and peas, I will ensure that I do also deliver such commodities at my home place where its scarce. This may not be immediate because of high transport costs involved but its in the pipeline and will start small to see prospect of increasing the volume and probably hiring a car for the same.

Loan Proposal

With this loan, I will buy stock of maize and beans since they are just about to be harvested across the country and prices will be low. Large part of the stock will be stored with a view to selling them at a profit starting the month of January when demand will be high. At the moment I have considerable stock remaining and with schools just about to be closed, I will use this time to purchase the stock. This will give my customers confidence that I can supply to them what they require at ease. This being a harvesting season, cost of annual crops has gone down particularly maize where a 1kg is being sold @sh 15 yet the same shoots to about sh 30 by end of January, with good storage, I can store large stock by taking advantage of low cost at this time. We are approaching festivities and definitely most farmers will be selling their produce in readiness for Christmas. I am targeting buying about 20bags (90 kgs) with estimated cost of about sh. 30,000 with extra sh. 10,000 to cater for other expenses like transport. Come January, I will have a good start since I can still sell in small quantities to small scale traders, maize millers as I look for large scale buyers, mostly schools. I am still undertaking supply of other commodities, which is beans, fruits, peas though not in large scale. Areas around Kinangop do not favour production of maize, beans and fruits; this puts me in a good position as there is a ready market which has not been fully satisfied. The loan plus my personal savings will enable me reach this goal. I have settled on maize because it’s a staple food in most households and still its not perishable.
My projections are that if I manage to sell maize @sh 25 or above, the business will be profitable. Buyers expect reliable supply and this is what I am trying to fulfill.
Since I am also selling other commodities in my Grocery, I will be able to repay my loan without any hitches just as I have done with my past two loans.

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