Am going to use the loan by adding more stock in my shop. the loan will boost my business at a very high rate

Entrepreneur

About Me

am Maurine asiko am a firstborn in the family. I and two other siblings are supported by a single mother. I was born and grew up and live in Busia town. I schooled at ngia girls high school .while I was in school I took business studies as my optional subject from where I got a motivation to create my own shop to help me and my mother to keep life going from the small pocket money had saved plus the support from my mother .
I started the business with ksh.20,000 which I started t with selling of cakes and sodas which the little profit I was able to add some good to our small shop which where sweats and I was able to get a small refrigerator to preserve my good such as cakes and soda. Currently I have a stock worth 80,000 which is so impressive to me which has give the hopes of getting these loan to so as to reduce challenges of the business
After two years on the business I was able to get a shop in town which has attracted many customers because is situated at the middle of town where many people pass to Uganda and in Kenya
I started the business so as to create job opportunity after school .I completed my form four last year and am keeping myself busy with the shop .

My Business

I run a shop in Busia town next to samba coach booking office .My business has one refrigerator. The business is purely a sole proprietor of which i started with the capital from my savings and the and the saving of my mother

The demand is high the fact that Busia is situated in Kenya Uganda border so most of my customers are those who want to cross the border .so I sell by good to majority

My business is profitable because i have so many customers so the more i serve the more i earn. The challenge am facing is just lack of capital to expand my business the demand is high than I have .

My monthly usage is as follows KES 4000 rent,KES 40,000 for the stock and KES 5000 for other expences.Frofit ranges from KES 10000-15000 per month. The loan i will used to modify my business and its the business that will repay the loan. And with these I will be able to support my mother and my siblings with less stress.

Loan Proposal

Am going to use the loan by adding more stock in my shop. The loan will boost my business at a very high rate.
Am going to buy mobile phones, back covers, fancies, housing, batteries, memory cards, flash discs, headphones, earphones and any other thing that goes hand in hand with mobile phones. This will lead to attraction of more customers because I will make sure I have everything that a customer wants and with that it will make a good beginning of the year 2014. The loan will make me comfortable in meeting some expenses like license and rent. Kindly support me in this because I have a dream of being so much ahead and successful by the end of this year. I will be very grateful to you and thank you very much.

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