Expansion of my grocery business

Entrepreneur

About Me

MY NAME IS SOILA KABINDIO. I AM A SMALL SCALE BUSINESSLADY OPERATING IN THE OUT SKIRT OF NAKURU TOWN IN A PLACE CALLED LONDON (RIVA) 1 NEAR KABARAK UNIVERSITY (TOWN CAMPUS). I AM 25 YEARS OLD. I DECIDED TO VENTURE INTO BUSINESS TO START ME OFF IMMEDIATELY AFTER COMPLETING MY BACHELOR OF COMMERCE DEGREE FROM KABARAK UNIVERSITY. I TOOK THE ADVANTAGE OF MY BEING POPULAR AMONG THE VARIOUS UNIVERSITY STUDENTS WHO RESIDE IN THE AREA. I SUPPLY BOTH THE STUDENTS AND LECTURERS WHICH HAVE SEEN MY BUSINESS GROW OVER THE FEW DURATION I HAVE BEEN IN BUSINESS. MY INSPIRATION TO START BUSINESS WAS TO SUPPLEMENT MY EARNINGS IN ORDER TO BECOME ECONOMICALLY STABLE AND RELIANT. THE BUSINESS STARTED IN LATE 2013 AND HAS SINCE GROWN ITS MARKET AND CUSTOMER BASE WHICH HAS SEEN THE BUSINESS PROFITS INCREASE. GIVEN THE ZIDISHA LOAN, I WILL USE IT TO PURCHASE ADDITIONAL STOCK OF GRAINS INCLUDING LENTILS, WIDE VARIETY OF FRUITS, AND ALSO FACILITATE DOOR TO DOOR SUPPLY OF MY PRODUCTS. THIS WILLENABLE ME BEGIN A WIDER SCALE OF SUPPLIES TO LARGER ORGANIZATIONS SUCH AS HOTELS, SCHOOLS AND ALSO SERVE MY CUSTOMERS BETTER WITHOUT MUCH STRUGGLE. THANK YOU VERY MUCH AS I WAIT TO HEAR FROM ZIDISHA TEAM.

My Business

THE NAME OF MY BUSINESS IS LONDON GROCERIES AND SUPPLIES. I AM CURRENTLY RUNNING A VEGETABLE CUM GROCERIES BUSINESS. I HAVE ALWAYS HAD AN INSPIRATION TO JOIN A BUSINESS THAT DEALS WITH HEALTHY EATING MAJORLY FOCUSING ON ADVISING CLIENTS TO ADOPT FRUITS AND GREENS IN THEIR EATING HABITS. TO PURSUE THIS DREAM, I STARTED A SMALL BUSINESS CONCENTRATING ON FRUITS AND VEGETABLES. MY STRATEGY HAS BEEN TO OFFER CUSTOMERS WITH VERY FRESH VEGETABLES WHICH HAVE SEEN MY BUSINESS FLOURISH OVER THE VARIOUS COMPETITORS. BEING A MARKETER BY CONSIDERABLE TRAINING, I HAVE MANAGED TO EFFECTIVELY SEGMENT MY MARKET FOCUSING ON STUDENTS WHO ARE THE MAJORITY IN THE AREA WHERE I LIVE. IN ADDITION, DUE TO THE INCREASING DEMAND, I HAVE BEEN ABLE TO INTRODUCE A GIVEN LINE OF GRAINS SUCH AS MAIZE FLOUR, MILLET FLOUR, RICE, GREEN GRAMS AND LATELY BEANS. I AM LOOKING FORWARD TO EXPAND THE BUSINESS SCOPE BY BRINGING A WIDE RANGE OF GROCERIES AND ALSO CONDUCT A LARGE SCALE SUPPLY TO VARIOUS BIGGER INSTITUTIONS SUCH AS HOTELS AND SCHOOLS. THERE IS LITTLE COMPETITION IN THE AREA AS MOST BUSINESSES DEALING IN THE SAME BUSINESS ARE LOCATED MAJORLY IN TOWN. THE BUSINESS GIVES ME TOTAL REVENUE OF 268 DOLLARS PER MONTH, MONTHLY EXPENSE AMOUNT TO 175 DOLLARS THEREBY LEAVING MY BUSINESS WITH A NET PROFIT OF 93 DOLLARS. I WILL USE THE PROFITS OF THE BUSINESS TO REPAY THE LOAN. I AM CONFIDENT THAT THIS LOAN WILL HELP ME TO ADD MORE STOCK OF VARIOUS GRAINS AND VEGETABLES EXPAND MY BUSINESS.

Loan Proposal

If given the zidisha loan, I will spend a portion of the funds to add more stock of groceries that I deal in. The money will enable me purchase more stocks of maize and maize flour estimated at 25 dollars, millet flour estimated at a price of 20 dollars, rice at 25 dollars. In addition, where I live there is a small plot for tenants. I am planning to conduct mini farming and therefore will use about 60 dollars to cultivate and buy seeds to plant in attempts to become my own supplier in selected items such as vegetables, beans among others. The deficit will be about 10 dollars and this I will use the small savings of my business to fund. As i mentioned earlier, the area where my business is set is experiencing population growth as a result of Kabarak University that has been established in the vicinity. Therefore, to serve the increasing client base more effectively and even satisfy the growing demand, I am very much in need to expand the range of my grocers to meet the differentiated demands of the customers. I therefore hope that through this zidisha lending platform, I will be able to grow my business to greater levels. Thank you once again as I wait for your sincere respond

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