Increase my business stock

Entrepreneur

About Me

My name is Isaac Muthiani.I come from kilimabogo Division.I come from a family of six and i am the 5th born.I completed my secondary school education in the year 2007.In the year 2008,i traveled to the Nairobi to look for a job since my family did not have money to pay for my college fee.After a long struggle of looking job in vain, i got the idea of starting a business of distributing snacks to supermarkets using a bicycle.I did not have enough money to start the business but by good luck my brother offered to give me a bicycle to start the business.At the start,the business had lots of challenges since i had to market my products.But now,it is well established and i don't struggle in marketing .In the year 2012,i got married and i was blessed with a baby girl who is 3 years now.i would like to see my girl grow and become a prominent person in our nation.During my free time i like taking my young girl for a nature walk.

My Business

Thank you for the opportunity again. My business is majorly supplying snacks in supermarkets and shops.i have been in the business for at least 5 years. These goods are fast moving since many people in our country prefer them for breakfast.These products include breads,cakes,biscuits among other snacks.I choose to do this kind of business because the market was available and unexploited by many in the country.Many people do not prefer to this of business since its much involving.In a day, i manage to sell goods worth 225 dollars.Out of this sales, i get an average profit of 55 dollars.Since i sell on credit,that is payments are collected the following day,i use this profit to buy stock and use the remaining in pay school fees for my daughter and also pay bills for my house. This has seen me grow my business since the year 2008 up to day.

Loan Proposal

First i take this opportunity to say thank you to all my lenders. I will use this money to open a depot where my supplier could be bringing my goods. I normally gets my products from the company and some times i am forced to visit the company at least four times. I have negotiated with the manufacturer to be supplying the goods to my depot which is more convenient to me instead of going to the company every morning.
They have advised me to make cash deposit of USD 150 which is equivalent to my daily purchases. Then they will be delivering the goods to my depot.
This will help me cut down the cost of going to the company every morning and also goods will be available in the right time to my clients.
This will increase my current business profit by at least 20%.

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