72 installments • 54%
Am the eldest child in a family of three kids and a single mother. we were raised from a poor family but with a very humble background.My two brothers are in high school and i am college graduate with a certificate in food and beverage production.my mother and i have encountered so many challenges towards meeting our day to day needs including the school fees issues and other domestics issues but thanks to the almighty God who has showered our efforts with blessings. I do own a food retail shop that have been operating for almost a year and offwhich i opened it from the little savings that i had from my previous employment.Actually balancing the little income that i do earn with my personal goals and domestic issues that must be met is one of the greatest challenges that is still trying to overcome
My retail shop deals with household stuff and foodstuff that are one of the essentials commodity in human life.Due to the low numbers of shops dealing with that line of business and the dense population in my area whose demand can not be wholly met by the few retail shops provided a good business opportunity to me.Besides the the two reasons mentioned above,also the cost of operating a retail shop is much more cheaper as compared to other types of business and the probability of the business providing a reasonable income is much more higher because i believe human beings cannot survive without essential commodity.In the operation of the business the cost that that operates and sustain it include:rental expenses,electricity expenses, security expenses and other indirect expenses that all totals up to ksh 5000
Having earned a reputation, my shops need some changes to be done to it which will make it more presentable to the customers and also that will assist in accommodating more stock.to achieve all this there are some major renovations that needs to be done to it. For instances the shop walls has to be painted both internally and externally,also i have to add more shelves to the shop to accommodate more stock .Besides doing the renovation i also need to add more stock to increase the business income and expand the business stock.120 dollars of the loan will be used in renovating the shop and the rest of the amount together with my savings will be used in buying more stock.
Jun 11, 2015