Stock of chilli and other spices for my food business
Robert
Kisauni, Kenya
100% repaid
Entrepreneur
Name
Robert
Member since
May 2014
On-time repayments
317 installments • 42%
About Me
My name is Robert Kaguma, born in Central region of Kenya. I went to school up to secondary level and then joined a college where I was trained as an auto mechanic.
I worked as an artisan for about two years and later decided to change business. This is where I decided to sell used and new clothes for five years.
I then relocated to Mombasa and changed business to selling food spices which I have been doing for the last 7 years.
I am married with 3 children all grown ups. I am a hard working, go-getter person because I believe handwork and honesty pays.
My Business
My business is based in Mombasa in an area called Majengo - outskirt of Mombasa town. I deal with buy spices in their raw state, then ground them, package and supply to retailers.
I source my raw materials locally and from neighboring countries. There is a huge market for this product in Mombasa which is famed for spiced cuisines.
I make a net profit of $550 a month. The sales are constant all year round but it can pick slightly during the month of December due to festivities and also during the Ramadhan season.
I would like to stock more raw materials if given credit and that I why I have joined Zidisha. This credit will go a long way in boosting my stock hence increase my efficiency in my business.
Loan Proposal
I have now expanded my business territory and I now cover a large area in and outside Mombasa city. I am gland my products have been well received even in far flung areas and this has led to increased demand for the same.
My budget for this money is as follows:
- Buy dried red chillies for a total of USD 200
- Buy cloves for USD 70
- Buy ginger for USD 60.
All the above are fast moving items and I will be able to supply them to my already existing customers.
You did it the first time, I am optimistic that you will do it again. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$328.00
Date disbursed
Aug 14, 2015
Repayment status
On Time
Projected term
65 months
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