Cereals stock for my shop

Entrepreneur

About Me

My name is Stanley Wahinya. I was born and raised in Mukinye village, Ngenda Location, Gatundu South constituency in Kiambu County (formerly Kiambu district). I have fond memories of my childhood both sad and joyful ones. Growing up in the village where we didn't have piped water- we'd draw water from the river which we enjoyed especially during the hot seasons since we used to swim. I started my elementary school in late 80s and completed in the mid 90s. Proceeded to secondary school and finished in 2001. My childhood dream was to become a pilot. The dream of becoming a pilot came from watching planes ascend after taking off from JKIA. I would watch them from top of a tall Mubariti/mukima(Grevillea robusta), I would climb it several times a day especially during the school holidays I would opt to delay taking breakfast or lunch or even attending to other chores assigned to me by my parents to watch those planes ascend. It was one of the most amazing childhood experiences. It was cut short when the tree was felled for timber during my final primary school year. I was sad but since it was the year I was initiated into manhood which meant no more climbing trees I reluctantly accepted and moved on. I joined university in the 1st decade of the 21st century where I pursued a B.Sc. degree in Analytical Chemistry.
My hobby is reading, mentoring young boys, making new friends and farming.

My Business

The demand for cereals is always high. Whether it’s the dry or rainy season, people need to eat and cereals provide a cheap and nutritious option. I saw a need to be fulfilled and I opened a household items and cereals business in March 2017. My shop is in Nairobi County, Dagoreti South Constituency, Ngando location, along Mama Wahu road off Ngong road about 700m from Ngong racecourse stage. The name of my outlet is Kwetu Smart Store. It's in a densely populated area where most of residents are low income earners. The residents who are my customers come from different ethnic background thus I enjoy stocking cereals from their ancestry areas. I opened this business to fill the gap of bringing the cereals close to the people where they can get them at ease and at affordable prices. I sell cereals e.g. dry beans, dry maize, rice, green grams etc and household items-maize flour, wheat flour, porridge flour, cooking oil, sugar, soaps, detergents, toiletries, chicken feed etc. The business generates income which I use to pay rent for the premise and my house, salaries for my two employees and school fees for my daughter. The remaining amount I plough back into business.
Looking forward to assisting each other in growing our businesses, improving our lives and inviting more members to Zidisha community.

Loan Proposal

I'll use the loan to purchase 90kg of beans at 80 USD, 45kg of pigeon peas at 30 USD and 50kg of dolichos(njahi) at 40 USD.
After purchasing the stock above it will help in increasing my daily sales and since their profit margin is between 20 to 25 per cent and selling them will take less a week, I will use the profits generated to repay the loan and continue purchasing more stock with the remaining principal.
This will help in ensuring that my customers don't miss items thus maximizing sales and since I will be in a position to repay the loan when due, the repayments will assist other borrowers in the zidisha community.

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