Purchase stock of dry fish and grains to meet customer demand

Entrepreneur

About Me

My name is Benter Oriema. Am married with three children. I separted with my husband 4 years ago and am currently living alone while taking care of our children. My husband was a drunkard and would often beat me and the kids when he is drunk.

I went through my education in Government funded institutions in Mbita, Kenya and after my high school. There was no money to proceed to high school, so I opted to get married at the age of 23. Life in Marriage was very hard and since my husband was not supporting the family financially, I had to start a business to supplement my family income. I have now operated the business for 7 years and I have build a strong client base as many people likes my products

My Business

I basically deals with small scale dried fish trader mostly selling to the ultimate consumer, as my business has not expanded enough to make me a supplier. I mostly trade in dry fish, namely maize, rice, beans, green grams and lentils, to name a few.

Mbita is a semi arid area and food products are very unlikely to lack a market because they are basic necessities. The target group for such kind of commodities is virtually everyone. Another motivation is that I wanted to contribute in food security and ensure it is done so by ensuring that my customers are always well supplied. My monthly revenue is US$ 120 on average and comes purely from selling the fish and grains. My monthly costs go up to US$70 on average, giving me a profit of around US$50 per month. This profit goes towards my savings, my children education and meeting my family's expenses. I look forward to having a stable family in future as well.

Loan Proposal

With this loan I will be able to purchase extra stock to meet my customers demand, which keeps on growing every day. I will buy the goods from farmers directly who sell at subsidized prices. I will then sell them at retail price boosting my profit margin.

I also look forward to expand my stall premise which will have sheltered my goods from rainfall and sun rays.

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