Stock of ugali corn flour for my shop

Alex

Kangemi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Alex

Member since

February 2015

On-time repayments

203 installments • 95%

About Me

I was born and raised in Makueni County, Mwisini Village.
Let me first help you understand the nature of my region.
It's hot and dry, and the people who live in this area are
poverty-stricken. All the rivers source are seasonal. Growing up, I didn't have even the privilege of nature favoring me. I walked to school for kilometers barefoot and the ground was ever so hot. In my family, we only had two meals each day. Education was a challenge. As a child, my dream was to learn and know how to read and write in Swahili and in English. Because I didn't have any materials to read, I would borrow old newspapers from a neighbor to practice my reading and to try to memorize new vocabulary. I learned a lot through the old newspapers.
I learned about the world, and about the country's political environment. And whenever I read it, I felt connected with the world.
My wife and I have a son.

My Business

My business is a mini koisk where I retail consumables to the people who live around Hinga Road. My shop retails sugar, rice, salt, baking flour, ugali flour, and packed milk. This kiosk has everything a client would need for breakfast, lunch, and supper. I have created a great clientele base. They rely on my services and products, on a daily basis.
I sell to over 200 people. I open at 5a.m. and I close shop at 11p.m.
This is what earns me a living. I take care of my family's needs from the income that is generated from this kiosk. I pay for rent and food, and I also am in school and get my school fees from my business.

Loan Proposal

The loan will go to buying of 40 bundles of ugali flour which will cost 7200 kshs, 40 bundles of baking flour 8000 kshs, 2 crates of bread 2400 kshs, with this stock i know even if the market prices goes up i will have enough stock to make profits, plus people live on Ugali more than any other food, baking is also another great business becouse those who sell roadside Mandazi they buy the baking flour from my shop, i expect a profit of about 10,000 kshs to 12,000 kshs from these items.