Purchase of more stock for my retail shop

Simon

Kianjoya Village, Kenya

100% repaid

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Entrepreneur

Name

Simon

Member since

April 2013

On-time repayments

171 installments • 72%

About Me

I am a small-scale retailer and a part-time teacher at Mugaa Secondary School. I sell basic household things such as sugar, flour, salt, tea, etc. My business on average generates KShs 5,000 ($48 USD) in profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife, who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family.

During my free time, I like travelling and visiting places, listening to music, and watching movies. I have attended and completed college, but I have not yet gotten a meaningful job because there are few jobs in Kenya.

My Business

My shop is located in Kianjoya Shopping Centre, just adjacent to Kianjoya Primary School. I combine my small salary from teaching and the profit I generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister, who is married and lives far away. So I do not really manage to save a lot, but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business, the more customers I will get and retain. I want my business to be stable and growing. In the future, I hope I can expand the business to even become a wholesaler.

Loan Proposal

I would like to purchase some more stock for my small retail shop. The products that are in demand especially at this period of the year are mostly the food stuffs and other household goods which are fast moving as residents of the area are now harvesting maize and beans and selling them meaning they are flocking in business premises to purchase various items as they have the income from the sales made. I found it necessary to increase the stock in my retail shop so as to meet the increasing demand of goods. The following is a breakdown of the items that I would like to purchase.
2 bags maize flour each 100kg……………………………. 50 US Dollars
20kgs cooking fat ( 1 US Dollar per kg)………………….20 US Dollars
1 bag of sugar (100 kgs)………………………………………..25 US Dollars
1 carton bar soaps (12 bars)………………………………..20 US Dollars
10 kgs table salt………………………………………………………15 US Dollars
5 kgs tea leaves………………………………………………………25 US Dollars
2 bags wheat flour………………………………………………….70 US Dollars
60 cakes of bathing soaps……………………………………….65 US Dollars
Transport costs………………………………………………………15 US Dollars
With the loan that you will give me together with my little savings I believe I will manage the above so as to maximize profits at this peak period. Thanks in advance for your continued financial support .

Show original English

About Me

I am a small scale retailer and a part time teacher at Mugaa Secondary School. I sell basic household things such as sugar, floor, salt, tea, etc. My business on average generates Kshs 5,000 profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family. During my free time, I like travelling and visiting places , listening to music, and watching movies. I have attended college and completed but i have not yet gotten a meaningful job because there are few jobs in Kenya.

My Business

My shop is located in Kianjoya Shopping Centre just adjacent to Kianjoya Primary School. I combine my small salary from teaching job and the profit i generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister who is married far away. So i do not really manage to save a lot but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business the more customer I will get and retain. I want my business to be stable and growing. in future, I hope I can expand the business to even become a wholesaler.