License for my wines and spirit business

Entrepreneur

About Me

I was raised by my grandmother from a humble background after the death of my mum who passed away when I was eight years old. I passed through hardship but I was successful to get education which provided me with enough knowledge and skills to be an entrepreneur. I have been idenfying numerous business ideas and opportunities but have never been able to implement the idea due to Lack of funds. Out of my ideas, I decided to pick on wines and spirit business which is a very profitable business in our country.

My Business

As you may know, in our country about 60% in every area drinks regularly while about 40% drinks daily spending an average of kes 150 daily per person according to the recent research carried out by NACADA. The demand for wines and spirit has been so high in my shop that most of the time I usually run out of stock because I have been stocking insufficient stock due to lack of enough stock. I would like to add a stock of kes 150, 000 to cater for the high demand. This will ensure that I retain more customers and my sales volume will be high hence more profit. As a result, I will be able to repay all the loan on time

Loan Proposal

I will use the loan to obtain a liquor license which will enable me to operate my business smoothly without frequent harassment from the local authorities. As I said earlier, total licenses cost $720 but am going to start with a liquor license which costs & 500.
The business will help me in improving my life and creating a job for my employee. Liquor license will increase the profit since I will not be paying expensive bribes to the authorities.

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