Stocking of my shop to help increase sales

Entrepreneur

About Me

My name is Benson Hongo from Kisumu Korando Village along the Kisumu-Busia road. I am married to one wife Diana Apiyo and we have been blessed with Two children; A boy Taji and a girl Neema. We have also adopted another girl Salma who is my niece but unfortunately was orphaned at a young age.
I stay with my mother who also operates a retail shop.
The kids are in lower primary.
I am a lay reader in our local church and also the current Parish Secretary.
I have plans to train as a Vicar.

My Business

I have ventured into selling Electricals and Plumbing parts, fittings and also offer advice to those who are building. I source for my items both locally and in Nairobi.
The items vary in terms of profitability with the first moving items returning small margins whereas the slow moving items providing decent profits.
My main clients are people constructing houses, those seeking to improve theirs and those doing repairs.
I am still in the marketing stages of the business and creating awareness on the same so that I can have clients aware of my products and services.
Capital has been a great challenge to my business and I have had to rely on family for support.

Loan Proposal

Its an entry level.
I want to use the loan to help restock my shop hence sell more.
It means people dont have to go very far to purchase what they need. It will be conveniently located where they are.
For Now I will buy a Carton of milk that costs $5
It contains 12 packets that retail for $0.5 per that makes a profit of approximately $1 per carton

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Loan Info

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