Inventory of plasticware, shoes, clothes, basins and jugs for retail

David

Githunguri, Kenya

28% repaid

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How it Works

Entrepreneur

Name

David

Member since

March 2012

On-time repayments

83 installments • 35%

About Me

I am David Kori. I mainly live in Embakasi Utawala with my wife and children. I am a businessman running a general shop where I sell goods for domestic consumption. I started this kind of business to help the people living around so as to ease them from walking long distance going to the center which is almost 3KM away to get domestic goods. this business has helped my family and it has enabled me to pay the school fees for my children. I have a dream to expand it and make it a big business which can employ many given to the fact that most people in our country Kenya are Jobless. this will be of economic health both to me and the country as a whole.

My Business

I mainly run a general shop where I sell Domestic goods to the people living around Embakasi Utawala Estate. I started this kind of business because was an upcoming estate and the influx of people to the area is generally high. This place is mainly resided by both the middle class people and lower class one. the place is also secure due to the presence of both the military and Administration police camps in the vicinity. the population of the area is also steady rising given to the fact that its communication network that is road, telephone, water and sewerage has been improving steadily also. this increase in population has been the key to the sustainability to my business hence the profit I do realize.My major risk comes from my competitor who have more capital to stock their shops. From the business I am capable to make a profit of Kenya shillings10000/= on a monthly basis.

Loan Proposal

Dear lenders I wish to apply a third loan to expand my business where i wish to use 500 USD to buy more stock for my shop such as goods for domestic use.I would also like to stock plastic ware for sale in my shop and introduce related products such as shoes,clothes and many more that will use a stock worth 500USD. This will increase my customer and hence increase my profit that will enable me to repay the loan.
lenders,i would also want to add more chicks in this line of business that will use 92USD.
i will appreciate if granted the loan.