Grains and other staple foods for my retail store

Entrepreneur

About Me

I was born in 1954 as the second born in the family in Wumari Mwamkolo in Bura Taita Taveta County . I went Kenyatta High School Mwatate for my O levels.

Thereafter studied a 6 months salesmanship course in Mombasa. I got a casual job as a salesman in a garage in Mombasa. With a meager pay I had to walk 10 kilometres everyday to fro work, often on an empty stomach. Luckily, I found a better job in a hotel in Malindi, Kilifi County as food and beverage waiter, and rose to become the Food and Beverage controller.
I retired in 2012,and went to the village to engage in farming activities. The wake up call call in 2013 when my younger brother passed . He left me with the responsibility of taking care of his family of six. That made it 11 people including my own family and my orphaned niece.
As a retired employee, I could not make ends meet, so i decided to take a small loan and started my retail shop business in Maungu, Voi-Subcounty, Taita Taveta County in 2016.
Taita Taveta, county is home to the Tsavo West and East National Parks, we have been forced to co-exist with wild animals, though human-wildlife conflict is prevalent especially with elephants and leopards. This has caused havoc to our crops and domestic animals.

Taita has a rich history of participating in the second world war between the British and the Germans. Gemstones and iron ore is found in plenty in the Taita Hills.

My Children would like to be businessmen when they grow up.

I am jolly fellow and I love to entertain people especially kids who call me "Babuu" ( grandfather in Kiswahili) and make them laugh with my unique slogan..."jambooo!"

My Business

I run a retail shop,where I sell groceries,fruits and vegetables, cereals, and shoes and cutlery, mobile phone airtime.
These are day to consumable items required in the homes daily.
I chose this kind of business because it provides necessities for families who live around where my shop is located.

My monthly operational expenses including rent and utilities is approximately Kes. 10,000
Cost of purchasing goods and services is Kes 65,000

Monthly turnover is approximately Kes 100,000

Profits approximately Kes. 25,000 which I use to my large family expenses, school fees, medical expenses and utilities, part of it I reinvest into buying more business stock.

Loan Proposal

I intend to buy more stock for my retail store.
Especially cereals which have a high demand with good profit margins
I shall buy 45kg maize, 30kg soya beans, 25kg rice and groceries

Income Source

My retail shop is located in a residential cum commercial area on a major road. The residential area has between 200-300 residents Hence a my shop has a sizable daily footprint .
Located on a main road I also get many passerbys who patronize my shop .
I mostly sale essentials goods, like milk, bread, airtime, cereals, veggies , these are items that are consumed daily.
Therefore there is regular cash flow as these are essential items for daily living.

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Loan Info

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