Business expansion for Namelok General Stores

Entrepreneur

About Me

My name is Ken Symon Muriuki, a 29 year old from Kenya. I am a graduate in design, but in this country, education doesn't seem to help out, so I decided to start up a business of my own. I have a general stores shop, where I sell almost everything, from cereals, to household goods. It is picking up very well and hope to expand it with time.

My Business

I started up a retail general stores shop, where I sell goods varying from cereals, to household items such as flour, sugar, rice. Aside, I have an M-Pesa service, which generally is mobile money, offering clients withdrawal and deposit services through their phones. The business is now three years old and has picked very well. My wish is to expand it further so that I can offer wholesale products.

Project Proposal

Hello lenders and happy new year to you all. I seek a loan to expand my general stores business, by enhancing inventory, upgrading infrastructure, and implementing digital solutions. This investment aims to improve customer experience, increase sales, and ensure long-term sustainability. My key purposes are: 1. Increase stock levels to meet rising customer demands and enhance product variety.
2. Improve store layout, shelving, and lighting for a better shopping experience.
3. Implement a platform for efficient inventory management and customer convenience.
My area local market is witnessing growth due to population increase and rising consumer spending. My shop is strategically located, and poised to capitalize on this trend with the proposed enhancements. It is well-positioned for expansion, and this loan will not only benefit my business but also contribute to the local economy.
Thank you in advance for considering and funding my loan request.

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