Stock maize for resale

Francisca

Eldoret ,kamukunji Estate, Kenya

100% repaid

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Entrepreneur

Name

Francisca

Member since

January 2015

On-time repayments

175 installments • 93%

About Me

I am a single mother, aged 42 years. I am the sole breadwinner of my family of one son, who finished high school last year and is waiting for his exam results.

I have an O-level education background and I also possess a certificate in Pharmaceutical Technology. I have been in employment as a pharmaceuticals technologist for over sixteen (16) years in two different companies. During this period, I experienced numerous problem both financially and socially. This was because the salary was small and could not meet the needs of my family and even my own needs. This prompted me to think of starting a small business, but still this came with its own economic and social challenges.

I come from Western Kenya, a place called Butere, but currently I live and work in Eldoret Town. I have been in this town for the last seventeen years.

My Business

Besides employment, I have been operating a cereal shop for the last six years. I started this type of business because of ever-increasing demand of maize, beans, sorghum, millet, green grams, rice and many others. Eldoret has a very high population, which gives me a very effective demand. I chose the products due to their great availability and demand: you can not miss to make a sale.

Competition is minimal and the existing competitors I have an advantage over them: I buy my cereals during harvesting when the price is very low, dry them properly to maintain high quality, and treat them with pesticides to avoid piercing by weevils. I sell my products at a very friendly price, which keeps on attracting more and more customers. My business does not face any risks because these products are the staple food for the whole community.

My monthly cost of running the business is 240 US dollars, while the average gross profit before the expenses is usually approximately 385 US dollars.
The following is how I normally use profits from the business :
10% I give tithe to the church
70% Upkeep, i.e. food and rent
5% Savings
15% I support my aged mother and two siblings

Loan Proposal

Dear Lenders thanks for giving me another opportunity to apply for loan given funding I will use all the 320 us dollars to buy 17 bags of maize each at 19 dollars and I am targeting to re sell them from February 2017 when prices start shooting

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About Me

My names are Franscisca Opondo ,from Eldoret Town Iam a single mother aged 43 years old . I am from Western Kenya Butere Town,was brought in Butere town during my early days of schooling .Have schooled up to form 4,then also got experience of nurse aide .Got married the marriage that never worked ,the forced to stay alone with my first born son.I am employed currently in a pharmacy and also runs cereals business.

My Business

My business is buying and selling maize and beans in Kamukunji Easte Eldoret Town .The goods are on high demand in that they a selling them does not depend on the season all times people in the community buy maize and beans because that is their staple food and my prices are cheap .

The profits I make from the business is aproximately 60% of which I normally distribute 10% as giving to the church,70 % accormodation and upkeep.
remaining 20% I do savings