More stock for rice supply business

Entrepreneur

About Me

My name is sammy mutuma I was born in Isiolo county.have just graduated from the university of jomo kenyatta university and have ventured into business due to lack of jobs.Am the last born son of the family with my two brothers and two sisters.During my free time i love playing basketball with my friends.Am blessed with a beautiful and loving wife and a two years and three month old daughter who is currently in kindergarten. My wife is a teacher at a neighboring academy, teaching languages and social sciences.

My Business

During my study time, I saved some capital and started a business of rice supply. I got some relatives living in a rice growing region who sends me the product via the local transport network. I then have some orders to supply other rice sellers in wholesale.This is a fast moving product since its the most liked staple food in Kenya especially in schools.I hereby seek more funds to add some stock to expand the business. I also intend to rent a bigger warehouse so that i may be ferrying a larger portion at a go.By doing so, I will cut the uncured expenses by a relatively higher proportion and hence, realize a huge profit margin. The income is on daily basis and this will greatly help me repay the loan with minimum strain. Thank you.

Loan Proposal

Dear Zidisha,
I am pleased to have an opportunity to get a loan with you. I aim at adding more rice to stock my business. I intend to buy some more extra bags of rice to increase my market coverage. By doing so, I will also cut the transport and operation costs due to the economies of scale. This will definitely lead to an increase in the income and hence a magnitude growth of the business. I kindly request you to support me.
Thank you.

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