Buy fish and chicken for supply in hotels

Entrepreneur

About Me

I’m George Omolo; I’m married with three children. I live in mathare are of Nairobi. At first I wanted to be banker. I enrolled for a diploma in banking but, a year later, I drop out of collage due to financial problems. I worked for several companies in Nairobi and Naivasha as a temporary worker. In 2012, with the little saving, I decided to venture into self employment. After learning a few tips from those who were already in that field of fish supply, I went out to market my product. At first, the business has been tricky where I made a few losses, but now it is picking gradually. I like business ideas groups were we share information, motivate each other and on how we can empower the community. Apart from business, I like much of outdoor activities, watching documentaries, technical things and participating in community activities. I like children, and it gives me pleasure to go and show love and have quality time with the orphans and rescued children’s in children’s homes. I’m a friend to two children’s home where I occasionally spend some time with those children.

My Business

I am business of supplying fish and chicken to small and medium Hotels and restaurants in Nairobi. I supply; fish fillet, whole fish and chicken products. I started to supply one small restaurant with fish, a month later I managed to get three more restaurants to supply. I realised that there was a huge demand for chicken and chicken products where I added chicken to my list. Most of the small and medium restaurants prefer to buy their food from small suppliers. The small suppliers, supply more fresh goods, can deliver small orders, are timely and flexible as compared to big established companies which tend to be rigid; and have standardized stock.
When the supply is abundant, the price goes down and that is when the profit margin is big on my side. After deducting all my expenses and cost of good, I’m left with some reasonable profit that is enough to carter for me and have some to re-invest in the business. Some of the challenges I face are like are; When a customer fails to pay on time for the good delivered; A customer cancels the order after purchase but before delivery; When the supply of goods in the market is very low while the customer places a big order; Traffic jams delay on the road when going to make delivery of goods to my customers. Despite all of this I still do manage to meet my obligations

Loan Proposal

Thank you so much, my lenders, for the previous loans. It helped me to grow in my business and improve in my family.
My business still need more funding. The high season is beginning in this month of August until December, and I am expecting more business from my clients.
I intend to use the money borrowed as follows-:

$50 Printing business stationery.
$800 Buying fish and chicken for supply, to increase my turnover.
$50 plus some of the retained profit as Contingent for any unforeseen expenses, and to cover up when some payment are a little delayed.

From the goods I supply, I intend to make a profit margin of between 8%-15%. The increase sells, will help me generate much profit to meet all the business costs, to repay this loan, for saving, and my domestic expenses.
I will be very grateful if this loan will be funded to enables me purchase these items that will help increase my profit.

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