Increase of rice, grean grams, and black bean inventory

Anthony

Thika, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Anthony

Member since

November 2015

On-time repayments

174 installments • 36%

About Me

Worked for a Supply Chain Company for over 15 years. I have experience and skill on Warehousing, Distribution, Logistic and Transportation. This year I started my own Business - Grains and Cereals Supply chain. Core goal being management of grains from the source who are the farmers to distributors/consumers.

My Business

Currently my business 'Grains Cereals Supply chain' deal with handpicking foreign matter on grains and selling them through a my retail shop at my home area.
Business Mission being:
To provide best low cost on transportation and warehousing solution for clean grains and cereals to our customers, and door to door delivering. "Wash and Cook"
In the current resent months I reused the profits to increase my stock. But due to increase on products demand it has increase the cost of supply due to transport cost buying small quantity due to lack of adequate capital. The product turnaround has increased by 100% after moving into a new shop near a bus stop. Which I positive it will increase more if I advertise my shop.
Goal: 1. working on how to get cheap logistic solution of cereals/grains from suppliers
2. In future own a pickup or a van

Loan Proposal

Having acquired a new place next to a bus stop last two week the shop has been too busy. The most unfortunate thing is that, due to the high demand of the shop around that area, I was forced to use my stock replenishment money to pay the down payment of three months deposit and renovate the exterior to attract customers. For the last 2 weeks the demand is high than what I can supply.
If I will be awarded the loan I will purchase most moving/requested products to turn around cash fast:
Airtime Scratch cards: Ksh12600 - $126*
90Kgs Rice: Ksh10350 - $104
45KgsGreen Grams (Ndengu) – Ksh4500 - $45
22Kgs Black Bean (Njahi) - Ksh3600 - $36
(Aprox*Ksh100 = $1)
This will increase the profits by 30% and replenishment turn around by at least 80% as per the new area so far the demand is high than I can afford to replenish and it’s been only two weeks so far.
Regards
Anthony