Building more shelves & stock of paper for printing service

Entrepreneur

About Me

I was born in Nairobi, in the slum of Mathare. I joined Mathari primary school in 1981. I was later enrolled in Eastleigh High School and Nairobi Institute College where I attained Diploma in Draughtmanship. I worked as a draughtsman until 2013 when I joined my wife who is a trained secretary in our family business. We have two children one in primary school and the other in secondary school. Both would like to join us when they finish school. Currently we leave in Mwea. This is a rice growing area under irrigation. When not in work I do community work and reading.

My Business

We started our business in 2010. We offer secretarial services i.e typing, printing, design of wedding and birthday cards and selling stationeries. We have currently started shooting passport photo. We decided to venture into this business after identifying the problem facing the residents: most of them are not learned. For instance some bring documents written in English to be translated in their mother tongue for them to understand. Our profit is currently 60% of our purchase which is approximately 480dollars per month. We use our profit to pay our family bills including school fees for our children and expanding our business.

Loan Proposal

When I get the loan i will build more shelves for stocking in my business. Cost for Timber 61$. Cost of stationeries 110$. Cost of labor and other accessories for building 20$.
These shelves will enable me to have more space to stock stationeries. Goods bought in large quantities are cheaper than buying in small quantities, this will increase my net profit. I do expect my profit margin to increase between 5 to 10%

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