I will use the amount given to stock my shop since i am running it in low stock

Entrepreneur

About Me

My names are miriam ndoga,a mother of one child,married and a business woman with a clear vision to succeed in life.I was born in the year 1988 in narok town.I later joined Lenana primary school and then proceeded to masaai girls secondary school. In both institution i managed to score good grades. I started my shop business in year 2013.I started the small shop in order to generate income to cater for my day to day family needs. The amount i generate from my business is used to stock the business for easy and smooth operation of the business as well as to cater for maternal needs.

My Business

My business name is refereed as Milly mini-shop.I usually sell day to day essential commodities like,sugar,bread,tea leaves,matchbox,milk etc.This goods that i sell, are first going goods hence i generate a sufficient income in my business. The goods are always on demand because they are used daily in most household. I have managed to attract a good number of customers since i sell my goods at a favorable price and also i have a variety of goods. My business is profitable since i sell first going goods hence i sell more goods within a short period of time generating more income. The major risk that i face is luck of sufficient stock to cater for the growing number of residents in our area. My monthly sales revenue is about 5000ksh and my monthly cost is about 3500ksh hence generating a profit of about 1500ksh.If given the loan, i will invest it all in stocking up my business hence generating more income in my business and thus able to pay my loan on time.

Loan Proposal

The first amount given will be used add more stock in my business since i run my shop in low stock.Currently our area is rapidly increasing in population thus increase in the customer base in my shop.This has triggered the increase in demand of fast going and essential products like sugar,bread,milk,sweets,tea leaves,cakes,cooking oil,jelly etc,especially the rush hours.There will be great benefits if my shop is well stocked with those products eg they will be an increase in income generation hence i will be able to repay my loan on time.I am 100% sure if funded by lenders and i utilize the loan given according to how i have planned, i will definitely refund the loan in time without any disappointment to the leaders.

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