Cybercafé printing project

Entrepreneur

About Me

My name is Emmanuel Onyango. I am a graduate from Africa Nazarene University with. 1st Class honors in Bachelor of Commerce Human Resource Option. I am a born again christian living in Komarock Estate. Currently, i am persuing my MBA Strategic Management and Human Resource Management at Africa Nazarene University. I have 4 sisters whom I love very much. On weekends I love to play soccer with my friends. Some time ago I used to play for Gor Mahia but had to stop playing and concentrate on my studies. I started a cyber cafe to fill the unemployment gap as well as to earn a living and cater for my need and that of my family but I have recently changed my business to that of selling both alcoholic and non alcoholic beverages on wholesale and retail basis. This has been the best decision that I have made as an entrepreneur since the business has experienced steadfast growth over a period of 10 months. The thought of developing a supply chain is what has been the driving force and motivation for doing the business.

My Business

My business goes by the name The Liquor Run Wines and Spirits. We deal with both alcoholic and non alcoholic beverages in wholesale and retail basis. With in Komarock Estate and its environs. We have been able to acquire, develop and maintain a considerable amount of market share wishing Embakasi Constituency approximately 35% due to us adopting a low cost leader strategy where we sell quality and authentic goods at a low price therefore taking advantage of the economies of scale advantage. Overall we have faced stiff competition within the market since the beverage industry in Kenya is a highly competitive market. Our revenue streams average between 150 to 200 dollars daily with a 35% profit margin on total sales. This has helped us be able to inject retained earnings in terms of profit to the business. Our retail line has been the most lucrative due to less and administration and transpiration costs. Our fixed cost are rent, utilities which add up to 80 dollars. Our monthly profits range between 900 and 1500 dollars depending on other variables such as availability of products, inflation and taxation in terms of VAT. We would like to expand the wholesale part of the business which has been lacking due to minimal quantities of our current inventory. With the loan I want to improve on our inventory and buy medium and high range alcohol, wine and soft drinks costing a total of 600 dollars as well as install a point of sale system which will allow the business to function digitally as well as improve on our stocktaking system costing 300 dollars. The remaining 102 dollars will be used in setting up a CCTV system inside and outside the premises. This in turn will have a positive impact on the revenue streams with a projected increase of upto 50% of daily sales.

Loan Proposal

With this Loan, i intend to buy 2 new Epson Workforce 7610 printers @ 200 dollars each and a Server PC 1.7 GHz @235 dollars unit to increase my production capacity in printing in order to keep up with the growing demand for bulk printing as well as to improve on the interconnections and network topography ensuring smooth flow of cybercafe systems and utilities from the shared network, I feel like i will be able to take advantage of the growing need for bulk printing within the local are but it is important to increase my capacity and improve the efficiency of my systems through purchasing the above mentioned equipment in order to fully utilize this opportunity.

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