Entrepreneur

About Me

I have a family of two. I live within Olive Inn near Kiamunyi. I run a charcoal business.This is a business that i have done for the last seven years.It feeds, clothes, pays fees for my children as well as shelter. Iam a college graduate with a tailoring course and managerial skills.
This is a sustainable business considering that its not perishable.After thorough research, i found out that charcoal was a scarce commodity within my area of residence and most people spent time and money to go to town to buy the commodity.Hence that is how this business started.

My Business

My business is both retail and wholesale.I deal with charcoal.My customers prefer this service because its used on a regular basis compared to gas and kerosene.Also a bigger percentage of people use this commodity.Well, at the moment i have not seen a serious competition since iam the sole supplier in the area in terms of retail and wholesale.The only challenge is when the prices shoots either due to transportation on rainy seasons and as well i have known how to counter this.My monthly runs to Kshs. 50,000 and after sales is double what i spend.This means that iam running a profitable business at the end of the day.
Given the opportunity from all spheres i intend to open other branches where this commodity is scarce.

Loan Proposal

The loan will be used in adding stock on my product : charcoal.This will add value to the business since i will not be lacking in stock.As well, it will increase customer satisfaction and good will. This advancingly will enhance my business and trust therefore more profits.In any business the key thing is customer satisfaction, retention and good relationship so that business can thrive in all dimensions. The only way then, is to make sure that products and services are in tandem with customers needs.Then only one can succeed in any business endeavour.Sales and services makes profits once one is keen on record keeping, savings and accounting as well as audit of the existing stock.This will be and has been my cutting edge and i have thrived in very competitive scenarios and by extension being in the market for long.

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