Retail shop expansion

Entrepreneur

About Me

I'm Sammy Ndubi aged 23 years old. I'm operating a boda boda business here in Kenya and have a future plan of starting a taxi business from the little savings i make. I realized that this idea would take long to implement because of the business requires huge sum of capital and therefore, opted for Zidisha loan to enable me achieve my dream soon.

My Business

I am operating a boda boda business at my hometown. In a good day I can make ksh1500 and after deducting the expenses which include fuel and maintenance costs my days net income is ksh1000. I'm looking forward to purchase another motorcycle the business is booming at my hometown. With this other motorcycle going at ksh 103000 I will employ someone to operate. This particular employee will be depositing ksh700 to my account after deducting all the expenses including his own commission. I also own a sole proprietor retail shop too. It is managed by my close family member. It deals with consumer goods like rice, breads, cooking oil, maize and wheat flour, soaps, peanuts, only to mention a few. The marginal profit is so huge and I'm considering acquiring stock on large scale from the manufacturers.

Loan Proposal

As I said earlier, I want to acquire stock in large scale from the manufacturers, to satisfy the increasing demand of customers. I will have the opportunity to buy my goods from the manufacturers and eliminate middlemen who definitely cause the price of goods to hike. I must ensure that goods like maize flour, whose demand is very high, are available in large quantities and at a friendly price to attract even more. With this I'm assured of big profits and stable business income which will enable me to achieve my dream of starting a taxi business.

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