Increase inventory for my grocery shop

Entrepreneur

About Me

My name is Evans Muchere 22 years old from Malava town western Kenya. I am the first born in the family of six. I do construction and plumbing, but my main occupation is running the small shop in Eldoret where I currently reside.
I started the shop five years ago, that is 2009. Since then, the profits have increased gradually due to growth and expansion that I have been undertaking. The shop is strategically situated a long the rough off Uganda Road on the right from Eldoret town. In fact, most of my customers are Moi University West Campus students who use the road to and from classes.

My Business

I started the shop five years ago, that is 2009. Since then, the profits have increased gradually due to growth and expansion that I have been undertaking. The shop is strategically situated a long the rough off Uganda Road on the right from Eldoret town. Infarct, most of my customers are are Moi University West Campus students who use the road to and from classes.

Though, the shop is doing well, there are always challenges in every business and so is this one also. One of these challenges is finance for inventory. At the moment, I have a stock of equivalent to US$300 while the monthly gross income is about US$350

My shop stocks mainly food stuff thus things like maize flour, soft drinks and everything that one would need for daily kitchen use. If funded, I will be able to to increase my stock so that my customers would be able to buy from one place.

Loan Proposal

I am positive that the funding will come and it will be quite helpful. I will be able to increase my stock. If I receive the funding I will use it as follows: Stock for my shop US$100. From the interest I will plough back to the business 30%, pay my tithes to church 10% , 50% for my personal expenses and then use the remaining 10% to repay my loan.

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