Entrepreneur

About Me

Hello, my name is Samuel okello. I am a Kenyan born in the year 1985.. My home town is homa bay I currently run my retail shop dealing with motor cycle spare parts in nakuru town. I am a teacher at a local secondary school. due to my passion in business education as a subject in school, I was able to establish my business with the help of some contribution from my two elder sisters in the year 2011 that is before i got employed.the profit currently goes to business build up.
i anticipate that in the event i am considered for a loan, i will use the opportunity to focus on future expansion as i grow with the organization.

My Business

My business is known as K&K motors. It is situated within the nakuru town municipality. I deal with the sales and promotion of motor cycle spare parts which are an assortment from various motor cycle companies in my small retail shop. My business is three years operational and has kept showing prosperity from now and then with the motor cycle garage set up just in front of vision house , it boosts of being away the busiest retail shops with an estimated daily sales of Kshs. 25000 which has since appreciated to about Kshs 75000 as per the stock. At first when I started this business, I introduced it for the purpose of eradicating boredom after I completed my final secondary school exam with the capital gifted to me through contribution by my two elder sisters. i envisage to service my loan from the profit but in the event the business is making negative returns, i will commit my salary towards loan repayment.

Loan Proposal

i will use the whole amount to buy iron sheets . this will enable me to put an extension room that will enable to expand on my stock. the remaining amount towards this construction will come from my monthly savings from the business. in total, the construction of this extension room will cost me KES 17000. addition of stock would mean increase in profit margin assuming sales increases with increase in varieties.

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