Expand my retail business

Entrepreneur

About Me

Am a christian by faith, married and with three kids, age 7 years to 9 months.I grew up from a humble background to eventually settle in the rift valley province of Kenya. I was previously dealing with boutique(Bags),
Which i used to buy them in naitobi, or gikomba sometimes in muthurua,
Thanks to you guys for assisting me when i need help, today i was able to open a wholesale and retail shop, in thika. Now am currently dealing with milk, juices. But hope and believing that i will do wholesale in large.

My Business

My Story
CURRENT BUSINESS.
Dekson enterprise is my business which mostly deals with milk, juices... In wholesale and retail.
Wholesale business is a quiet changing business if you do not have enough capital for ranning the business, eventually you will be able to order products in large quantity for the less money.
For the milk, is more moverable, since everyone ia using milk, so per day we could sell 100 cartona with a profit of 2000, so my target is to sell 200 cartons with a margin of 30 bob. But that can only happen if i have enough capital.

PREVIOUS BUSINESS..
I previously owned a small cyber cafe , but due to slow turn over occasioned by cheaper internet access from telephone providers and access to smartphones i decided to put it aside. I had done this business for three years, I am now married, and looking for ways for widening my business to provide for my growing family, i buy and import bags and jewelry items from china and turkey. Previously i would source products from Uganda and did fairly well since it gave me decent profit , good quality, these dealers source directly products from China making a much larger margin than myself. I intend to cut out these middlemen and improve my profits.
with the business cutting a cross men,women to young ones am able to make a good profit margin making it easy for me to raise the family .
On a one visit to Uganda i comes with goods worth 30000 and after the sale am able to make an average 20% profit margin. am hoping to widen my catchment area by building an online a shop where i can be selling my products. Eventually i plan on diversifying into my own branded bags, jewelry and cosmetics aimed primarily at the African market.

Loan Proposal

my retail business has seen a surge in demand for new products. I would like to expand my product portfolio into affordable imported clothing including a range of bags, shoes and dresses. I hope to use this loan to acquire wholesale product for retail and leave me a much needed profit margin.

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Loan Info

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