Expand and restock my retail shop

Entrepreneur

About Me

My name is Elam Sipenji. I was born in Nakuru County Kenya in a family of seven. My parents were and still are peasant farmers where they do subsistence farming. We grew up in rural area and our parents who were farmers did their best to educate us with proceeds from the farm which we sold as children at the market.School was about 30 kilometers away and we walked daily to school unless we had fees arrears,then we would look for menial chores to do in order to raise the fee balances that we owed the school, life had a lot of hardship where my family struggled to get even basic necessities. I endured deprived upbringing and navigated safely into adulthood. I went to school up to secondary school and later relocated to Nairobi city to live with my cousin. This is where my life changed drastically as I became accustomed to urban life. My kind cousin enrolled me into a business management course. I worked as an intern for one year and later with the help of my cousin, I opened a shop in Nakuru town.

My Business

I own a food kiosk(a small shop/place) where I sell different kinds of local foods and stuffs for people especially the locals in my area . Since I started this business, I have developed instantly. I started with selling parrafin, I eventually introduced other heavier stuffs like wheat floor, cooking oil, peas, maize and beans etc. I earn at least 10 dollars daily after paying my attendant and materials. I save 5 dollars, for my future, while the rest I invest in the business. I pay the levies for the county Government 1 dollar. From this business, I pay my house rent, I buy my clothes, and I support my younger siblings who are still in school

Loan Proposal

I wish to apply for this loan to enable me enlarge my shop by taking an extra room that will cost Ksh. 10,000, Buy timber worthy Ksh. 15,000 and hire an expert to construct shelves for that extra room at a price of Ksh. 5,000. Then the remaining a mount I will buy the following commodities for my stock. five bags of maize @ ksh.2500 per bag. two bags of rice @ksh.3,800 per bag. one bag of sugar @ksh.6000 then the amount that will remain from loaned amount I will buy paint to furnish the shelves of my shop. Please Lenders make my dream go through. thank you for your support.

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