Entrepreneur

About Me

i am a kenyan citizen aged 22, single, holding a diploma certificate in information technology and currently working as a computer technician at Mugaa secondary school. i also operate a retail shop..my business is located at the heart of munanda trading centre. lastly electricity is in our towb. i setting aside kshs 30000 which i will use to start computer serviced i.e printer, copier n a scanner. i promise to update the progress of my new business

My Business

I partnered with my mother running a retail shop. The shop mainly deals with selling of customers goods such as food stuff, cloths and utensils. The business was started by my mother five years ago. I came to partner with her on March 2009 after completing college. At that time the capital for the business was kshs 130000. I injected kshs 10000 as my contribution to the business. Since then I have been contributing 2000 every month to the business, currently my contribution to the business is kshs 46000. My mother does the day to day affair, however I always relieve her after work and during weekends. I also do keep the books of account for the business. Currently the business is making a profit of about 15,000 per month. This is the net profit after paying kshs 4000 to my mother and kshs 800 to me every month. The profit is usually invested back to the business unless there is a family matters that requires funding. in the business we face a number of challenges such as counterfeit goods in the market which are very hard to differentiate from the genuine, hence go for the same price,but of low quality resulting to complains from our customers,another challenge is change in fashion i.e clothes go out of fashion while still in the shelves, also the market is very competitive.

the main cash crop in this area is maize and its ready for harvest, the yields are expected to be high, with the ready markets farmers are going to sell their produce to cater for their needs. i intend to stock our business with clothes and food stuffs since due to the harvest ceremonies such as wedding ceremonies, circumcision ceremonies, christian crusade are going to increase in number. so i intend to supply them with clothes, drinks suchs as sodas, mineral water and other food stuffs.

it also only one month to december, this is the best month in the year, the month is busy with people preparing for ceremonies during holidays such as Jamhuri day (in kenya), Christmas, boxing day and new year. so i intend to stock our business with all kinds of wears to quench their thirst during this ceremonies. this will approximately cost me 1) kshs 15000 for clothes and kshs 5000 for drinks( eg sodas, mineral water, yogurt), a total of ksh 20000. this will enable me to make a significant profit.

- with the high population in this area and several schools in this area, i intend to start offering computer services , i am planning to buy a desktop computer worthy kshs 10000, a HP 3 in one printer (with printer, copier and scanner) worthy kshs 5000 and ten reams of printing papers (300x10) worthy 3000, hence this project will cost approximately kshs 20000. i would kindly request zidisha kenya to loan me kshs 30000 and top up the kshs 15000 at hand. i will use this money to meet my customers needs as i have described and also prosper in life, i will pay this amount at an interest rate of 8% in twelve installments.(months)

Loan Proposal

hi lenders ..am paul...zidisha community organizer volunteer,kenya (kiptangwanyi-munanda)..my shop business and computer services is doing great, i have fully stocked my shop with cash from my farm produce sales hence ready to quench my customers third over the December month(the busiest month of the year) . with this my 3rd zidisha loan is purely to start a new business and that is an AGROVET(a shop that sell materials used in farming) ...after doing my research it was to my conclusion that most of people in kiptangwanyi are farmers ..they do cultivate and keep domestic animals....animals reared include cattles,donkeys, poultry and rabbits. maize and beans are the most cultivated crops.
my plan :- the business wil be located at munanda (where all my businesses are)...where i will rent a business room ..
(1). construction of shelves ksh 5000
(2) animal feeds- this will include all types of feeds (dairy feeds, chicken feeds, fish feeds .....etc) this will aprox cost ksh 10000
(3) farm chemicals -this will include all types of chemicals, used in parasite and pest control, weed control and treatment of farm animals, fertilizer (dap, can etc), will aprox cost ksh 10000.
(4) farm equipments - i will stock the commonly used equipments e.g panga , jembe, milk buckets, axe, spraying pumps, pipes, wheelbarrows, feeding containers , wires, nails, this will aprox cost ksh 20000.
(5) construction materials- this will include , iron sheet, nails, harmers, saw ..this will cost aprox ksh 20000...
(6) planting seeds - eg vegetable cereoles, maize seeds, bean seed, fruit seedlings, this will aprox cost ksh 10000..
i already have aprox ksh 15000 to add to my loan to meet all the costs

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