Expand stock of maize and wheat for cereal shop

Zipporah

Chepkosa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Zipporah

Member since

February 2015

On-time repayments

217 installments • 56%

About Me

My name is Zipporah Rono. I am 26 years old, married and blessed with two children. I am the third born in a family of four. I reside with my family at Chepkosa village in Bomet County.
In order to support the low income, I started one year ago a cereal shop at Kapkwen shopping centre which has become a big success to me and my family so far.
My hobbies are reading, listening to music and adventure.

My Business

I have a cereal shop at Kapkwen shopping centre about 3 kilometres from Bomet town. I sell cereals such as: maize, wheat, rice, millet and a few legumes such as dried beans. I source most of these products from Western Kenya and I normally make a margin of about 40% profit. My main customers are local residents and hotels within the shopping centre.
The business is good, so I would like to expand by adding stock.

Loan Proposal

I would like to expand my stock especially of maize and wheat and also dried beans, whose demand is so high in my area of business. I therefore plan to use $101 on purchasing the additional stock as follows: I plan to buy an extra bag of maize at a cost of $35.5, an extra 50kg bag of wheat at a cost of $44.40, and additional dried beans at a cost of $21.10.
The increased stock will improve my net profits, help me pay the loan with ease, and save more for future projects, such as introduction of fresh produce within the same shop.
Thank you.

Show original English

About Me

My name is Zipporah Rono. I just turn 29 years old- married and blessed with two children. I am the Third born in a family of four. I reside with my family at Chepkosa village in Bomet County. In order to support my family, I started three years ago a cereal shop at Kapkwen shopping centre which has become a big success to me and my family so far.
My hobbies are reading business magazine, listening to local music and adventure

My Business

I have a cereal shop at Kapkwen shopping centre about 3 Kilometres from Bomet town. I sell cereals such as: maize, wheat, rice, millet, green grams and a few legumes such as dried beans.
I source most of these products from Western Kenya and I normally make a margin of about 40% profit. My main customers are local residents, hotels and restaurants and lately boarding schools within and around the shopping centre.
The business is good I would like to expand by adding stock.

Loan Proposal

I would like to expand my stock especially of maize and wheat and also dried beans whose demand is so high in my area of business. I therefore plan to use $101 on purchasing the additional stock as follows; I plan to buy extra bag of maize at a cost of $35.5, an extra 50kg bag of wheat at a cost of $44.4 and additional dried beans of $21.1.
The increased stock will improve my net profits; help me pay the loan with ease and save more for future projects such as introduction of fresh produce within the same shop.
Thank you.