Increasing the number of sacks of potatoes to my business
John
Ngarariga, Kenya
$932 to go
0% funded of $932 goal
0
days left
Entrepreneur
Name
John
Member since
December 2014
On-time repayments
219 installments • 83%
About Me
I'm originally from the Nyanza part of Kenya but now reside in Central Kenya. I am married to a beautiful wife and blessed with two beautiful girls aged 4 and one years respectively. I'm a form 4 leaver and have a certificate in computer packages. Although I worked as a computer tutor in Nyanza , the pay was not enough and I moved to Ngarariga in Central Kenya in search of greener pastures. This was after I got married and the need to get more income to sustain my family become dire.
In Ngarariga, I opted for manual construction jobs and worked for an year. I saved enough to buy a wheelbarrow as you can see in my profile picture and started to sell sugar cane at the stage. Compared to the manual jobs, I can say I'm at better place and my livelihood is stable.
My Business
I sell sugarcane at the Ngarariga bus stage on a wheel barrow. I buy sugar cane and sell it in small bits but now i what to start buying in larger amount from farmers so that i can get big profit and have my own store with the loan you will give to me . Sugarcane is enticing and I have ready customer who are boarding and alighting at the stage. It is fast moving as well. I have been the business for one year and a half now and my business is thriving, I am the only one who sells sugarcane at the stage and I am yet to get a competitor. My courtesy and good customers services has been the key factors for maintaining my customers.
On a good day I can make up to Kshs 3000(approx $ 30). I use the money to buy stock after two weeks, buy food for my family daily and save the rest. I want to buy sugarcane to store in my store which had already rent for storage other two wheelbarrows in the near feature and fur to get workers to be selling the sugarcane for me on the opposite side of the stage and fur stage which is 3km away so that i can increase my income and create more employment too.
Loan Proposal
I will use the loan to buy;
1.potatoes in sack each cost 560$ and i need 15 sacks for my business.
2.Tomatoes and cabbage which will take cost 260$ and the rest use for transportation.
The buying of all these stock will increase my earning from 60% to 100% so the profit earned can be used to pay my rental house and the rest to increase the stock of my business also i can rent my worker met with money and get interest from them to employ people to help me to sell and pay them.
The profit will increase from 1000 a day to 2000 a day. I will be happy if you consider my request, then i can pay in time and come for another. Thank you all.
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Loan Info
Project Type
Classic Loan
Amount requested
$932.00
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