To purchase 10 sacks of charco

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

I look forward to purchasing 10 sacks of charcoal to add to another stock. The addition of this stock will bring in benefits such as more/increased income, more savings, socio-economic standards of living will increase and therefore meeting basic needs will be key here.I have at all times managed to pay in in time and as well give reports of the progress of my loan and business.The trust they have all along given me should be politely extended to give me another chance in growing this business and in seeing it grow exponentially in future.

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Loan Info

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