Adding stock to my retail shop

Entrepreneur

About Me

Iam a married man with a 3 years old son. Am the first born in a family
of three, a girl and two boys? My parents died when I was barely ten.
After their death, life took a new dimension and we had to go through so
many difficulties but I managed to sit my K.C.S.E. exams courtesy of
constituency bursary fund. My sister however, did not join secondary.
After secondary, I decided to start a small shop with the little money I
had so that I could meet the need of younger brother who was still in
school by then. Time went and he too sat his K.C.S.E. exams.
In the year 2007, I joined the National Youth Service through a friend
who used to my business partner. At the helm of the post election
violence, that was in 2008 March, all the recruits from the NYS were
converted to the Police Service by the then President Mwai Kibaki and I
was lucky to be one of them.
I have been struggling to meet ends with the little I get from the
government but all is not enough because am now the sole bread winner
for the three of us plus my child and his mother. All these difficulties
has motivated me a lot because since then, I opened a small shop and
also owns a boda-boda transport that fetches me around USD45.When added
to my monthly salary, it enables me meet almost 90%of all my daily
needs. I have also managed to enroll my wife for a diploma course in
education and she will be graduating in December this year.
I am determined that someday I will be running a wholesale shop that
sells almost all the goods that meet my customers demands.

My Business

I
started my business as a shopkeeper right from secondary school. I sell
household goods that are needed mostly by the people who lives around
my neighborhood. When I joined the National Youth Service, I handed
over the administration of the shop to my younger sister who has been
managing it up to date because my profession as a police officer
doesn’t allow me to stay at home for longer than seven working days
unless am on annual leave.
Sales are good at time but the biggest problem that I encounter in this
kind of business is lack of enough capital to purchase enough stock to
meet my customer’s needs. Another threat to this field is that my home
area is flood prone. During rainy season I do count a lot of losses
because the water drains on my stock .Only little is rescued at times.
The shop fetches me around USD 40 a week, that’s approximately USD 160
in a month.
I also do boda-boda transport because it’s the mode of transport used by
the people around my home because the area is abit far from the main
road. This business fetches me around USD5 a day, that’s a proximately
USD 140 a month .Off-peak in this business is experienced during rainy
seasons because the place becomes muddy all over thereby hindering
movement of the motorbikes.
I am however looking forward to buying the second motor bicycle and use
the monthly earnings from it to boost my stock at the shop. I therefore
request the ZIDISHA team to grant me membership so that I access the
good things ahead of me.

Loan Proposal

Am humbly requesting my able lenders to grant me a second loan to enable me stock my retail shop.the value of the whole stock that i intend to purchase costs roughly $400 and am happy that i have been able to save half of it from my motocycle transport bussines.this retail shop always fetches me from $30-$35 a month but with this added stock,I look foward to earning roughly $40-$42 a month.
The income will enable me improve the standard of leaving of my familly as wel as my siblings.

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