Increase stock for my retail shop

Entrepreneur

About Me

My name is Elam Sipenji. I was born in Nakuru County Kenya in a family of seven. My parents were and still are peasant farmers where they do subsistence farming. We grew up in rural area and our parents who were farmers did their best to educate us with proceeds from the farm which we sold as children at the market.School was about 30 kilometers away and we walked daily to school unless we had fees arrears,then we would look for menial chores to do in order to raise the fee balances that we owed the school, life had a lot of hardship where my family struggled to get even basic necessities. I endured deprived upbringing and navigated safely into adulthood. I went to school up to secondary school and later relocated to Nairobi city to live with my cousin. This is where my life changed drastically as I became accustomed to urban life. My kind cousin enrolled me into a business management course. I worked as an intern for one year and later with the help of my cousin, I opened a shop in Nakuru town.

My Business

I own a food kiosk(a small shop/place) where I sell different kinds of local foods and stuffs for people especially the locals in my area . Since I started this business, I have developed instantly. I started with selling parrafin, I eventually introduced other heavier stuffs like wheat floor, cooking oil, peas, maize and beans etc. I earn at least 10 dollars daily after paying my attendant and materials. I save 5 dollars, for my future, while the rest I invest in the business. I pay the levies for the county Government 1 dollar. From this business, I pay my house rent, I buy my clothes, and I support my younger siblings who are still in school

Loan Proposal

I thank Lenders for offering me the second Loan that helped me to achieve much in my business. I am seeking for the third Loan so that I may be able to increase stock for my shop. I need to buy floor, sugar, cooking fat, beans, maize, pees and other house hold stuffs in large quantity to satisfy my customers for demand for this items has gone so high. my big challenge is enough capital to buy this commodities if granted the loan I will be able to satisfy my customers with all the commodities they need and I will be able to increase my sales and earn an extra 200 $. Per month and the returns will help me expand my business.The cost of the commodities will be equivalent to 700 $ and with the loan I will be able to stock my shop. Thanks

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