Inventory of additional goods for grocery shop

Entrepreneur

About Me

My name is Sylvester Kiprono, 31 years old. I am married with two kids and we are living in Ogilgei village near Njoro in Nakuru County. I am a third born in a family of five.
Professionally, I am an engineer with a diploma in mechanical engineering- (automotive). For the last three years I have been searching for a formal employment but with no success. I have had an history with Njoro canning factory briefly as a casual worker.
To help me provide for the family, I established a retail shop at Ogilgei centre where I currently sell- keeping me busy and paying my bills.

My Business

I own and ran a retail shop selling mainly food stuff and fast moving homes supplies.
The shop has been my only source of bread for my family and so far has been sufficient for subsistence.
It is a small shop that I am planning to convert into a barber shop then relocate to a bigger one that I am currently furnishing. The bigger room has a better potential and will definitely require a bigger inventory.

Loan Proposal

My plans to relocate the retail shop and introduce a barber shop needs additional capital. So far I have exhausted my little savings on renovation and furnishing of the two premises. I would therefore use all the $100 in purchasing new and better quantity of inventory for the new retail shop.
The two businesses will improve my net income and enable me save better and service the loan in time.

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Loan Info

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