Open an additional food store

Entrepreneur

About Me

My name is Ali Abdala Masha a resident of mtwapa and a businessman here in mtwapa as well. Am married and blessed with two children. I live with my family here at a rented house. I was not lucky enough to atend to a secondary school, i droped out of primary school when i was in class seven and this is because of the poor status in my family. I have been struggling to make sure that my children dont fall in the same situation.I decided to start a charcoal and firewood business which has been doing very well. With what i get from my business i buy food, pay rent, and other family needs.

My Business

My business is processing of charcoal and selling of firewood. This business is good and profitable because these products are of high demand here since many of the people living here are middle class earners who cant affoed the high prices of kerosene and cooking gas. I do this business here in mtwapa and the nearby villages and i have many customers. My customers are mainly the traders and also the locals here who come to me and buy these goods.Its a paying business and in a month i get an income of ksh 20,000. the risks i face in this business are like, change of weather, for example when it rains heavily i cant process the charcoal because this requires too much sunlight. so it becomes a problem in rainy weather. With the income i get i use ksh 4,000 in buying food for my family, ksh 2,000 in paying my house rent, ksh 6,000 in paying school fees my children. So i save ksh 8,000 per month. With this saving i can use to repay my loan and also save for other purposes like now i think of starting a green grocer with will add more income for my family needs .

Loan Proposal

With the loan I want to use Ksh 50 ,000 for buying all the goods like sugar, maize meal, cooking oil, wheat flour, washing powder, bathing soap and all other stuff. I will also use the rest to fix shelf's at the new store. With this increment I will be so much in a position to repay my loan without any haste. Thank you so much and may you all be blessed.

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Loan Info