Adding stock

Entrepreneur

About Me

I was born in Nyamira county,Nyanza province in the year 1987.Am of a family of 6 siblings.Being the first born i grew up seeing my parents struggle to fend for our upkeep since none of them was doing any formal job.I managed all the huddles from primary to secondary ranging from school fees problem to basic necessities.After secondary in 2004,i started doing menial jobs at home but could not manage due to very low income which was not sustaining my basic needs.I moved to Nakuru in the year 2007 to look for green pastures where i got a job at Menengai factory.I worked until 2013 where i decided to open my shop so as to fulfill my vision to be an entrepreneur. The uniqueness about my land it has a culture of investment in Agribusiness and real estate which are growing very fast.My children was to be successful in life in every area of their en devour.I like football and listening to soft music.

My Business

My business is a grocery shop.I sell different kinds goods.Ranging vegetables and assorted fruits,sugar,salt,cooking oil,match box, milk,maize meal,washing bar soap,juice ,paraffin,wheat flour,juice,biscuits,soda,tooth paste.and brush etc
Therefore I was interested to seek for funding so that I expand my business.I need money to pay for my county government license, which is $59 dollars,rent $29 dollars and additional stock of $ 98 dollars
This is my projection on my cash flow , on transport I will be spending $2 dollars for transport,packing papers and buying airtime for use in business. This is daily cash out flow. Each day I will be making a profit of $3 dollars per day. If I will be making such such amount per day repaying the loan will not tall order for me.

Loan Proposal

Since my customer base has increased, i intend to add my stock to in order to meet their demand.I intend to add more maize worthy 100 dollars,add beans worthy 200 dollars,groundnuts worthy 300 dollars.once i have added the stock.God willing i will increase my profits hence my business will expand.my customers will get satisfied though not fully in terms of plenty stock because they are many compared to the stock i have at the moment.after adding the stock am expecting a profit margin increase of 10% .this will be put my business in a good position of improvement

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