Business: Sweet Potatoes Vendor.
Location: Keep-Left Bus Park, Molo.
Years in Operation: 3 Years.
Amount needed: $150.
Nelly Chebet is a very pleasant lady going about her business with utmost focus and self motivation. The mother of three has sold sweet potatoes at Keep-Left Bus park area for the last three years and has earned to her trade quite the following of customers. She travels to Kisii a four hours journey from Molo twice every week to replenish the stock of sweet potatoes in order to satisfy her customers’ ever growing demand.
In Kisii, Nelly has tasked a few trusted farmers from various regions of the highly agricultural town to supply her with stock whenever she makes the trip. This saves her time and money for she does not have to go to the farms herself to buy directly from the farmers yet still enjoys the same fresh and good quality sweet potatoes from the farmers that act as her middle-persons.She also buys at relatively friendly prices which in turn allows her to set good pricing for her own customers back in Molo.
In a single trip, Nelly purchases at least 16 sacks of sweet potatoes with a sack selling at $10. From each sack, she earns a profit of $10 when she sells on retail basis to her customers at her stall. She also sells to other small scale market sellers from whom she makes $5 profit per sack when she trades on wholesale. Selling on wholesale allows her to clear her stock faster and go back for more making more sales and she makes sure to meet the demand of her trading customers promptly. Whatever is left after selling on wholesale she sells to customers who buy from her stall for their own consumption.
Besides the sweet potatoes, she also stocks bananas and pumpkins depending on their demand and availability. She is seeking $150 from Moto Hope Micro Lending to enable her to purchase more stock than she would normally purchase so as to double her sales and profit earnings. The new school year just began and she is focused on affording the school fees of her two school going children. The business also enables her to provide for all the three children, one a toddler as well as cater for all of her family’s basic needs.