Purchase of more stock for my distribution business

Entrepreneur

About Me

I a first born in a family of seven four boys and three girls, i was born in Nakuru town and started my education at Ndarugu primary school from standard one to eight where i did my kenya certificate of primary education in 1995. I went to St.Francis secondary school from 1996 to 1999 where i did my kenya certificate of secondary education. After my secondary i was employed by unga millers in Nakuru town for two years and in 2002 i relocated to Kakamega town where i started doing business. I started with selling flour and i have since grown to other supply businesses. Kakamega is densly populated and suitable for consumable products that i deal in, i am married and we are blessed with two children. i love watching movies as my passtime.

My Business

My business deals in supply of consumable to shops, hotels and schools, i buy my products from the company and as a distributor i supply retail outlets within kakamega town and its environs on wholesale price. My services are reliable because i reduce the transport cost of retailers by bringing the products at their door step. A bundle of sifted maize flour from the company costs Ksh.930 ($9) and i sale the same at wholesale for Ksh.1130 ($11) and i am able to sale around 100 bundles per week besides other products, i use the profit in expanding my business as i look forward to opening up a supermarket in the near future.

Loan Proposal

With the loan amount i will be able to buy more stock for supply as i will also increase on my area of coverage. with Ksh.6000 i will be able to buy 6 bundles extra per week which will give me an extra $12 PER WEEK as i do purchase the bundle at $9 and sale at $11 with the profits i make i will be able to repay the loan.

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