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Food Retail

Loan to increase cereal inventory

John DoeJ
EntrepreneurZipporahLocationChepkosa, Kenya
Project status
100%funded
$560raised
62%paid forward

My name is Zipporah Rono. I am 26 years old, married and blessed with two children. I am the third born in a family of four. I reside with my family at Chepkosa village in Bomet County.

In order to support the low income, I started one year ago a cereal shop at Kapkwen shopping centre which has become a big success to me and my family so far.

My hobbies are reading, listening to music and adventure.

I have a cereal shop at Kapkwen shopping centre about 3 kilometres from Bomet town. I sell cereals such as: maize, wheat, rice, millet and a few legumes such as dried beans. I source most of these products from Western Kenya and I normally make a margin of about 40% profit. My main customers are local residents and hotels within the shopping centre.

The business is good, so I would like to expand by adding stock.

I intent to buy 9.5 bags of 90 kg Green grams; 10 bags of 90kg beans and 8 bags of 90kg pishori rice at a price of $174.3, $220 and $168 respectively to an existing stock as follows:

 90 kg bags of green grams costs $18.33 per bag. 9.5 bags at $18.33 = $ 174.3

 90 kg bags of beans costs $22 per bag. 10 bags at $22 = $220

 90 kg bags of pishori rice costs $21 per bag. 8 bags at $21 = $168

TOTAL= $562

This is a result of having attracted more customers to my shop as a result of good and quality of my products. Due to my experience, I have learned that quality is an important factor in business and that is why I am strict in this factor. Relating well with customers is also another factor that I don’t underrate; I am also faithful to both my suppliers and those I sell to them.

This addition will give me an additional total profit of between $150- $200 when all is sold. If the business is good, I can be supplied with these goods of up to three times a month. This is a good additional profit to my business. I will ensure prompt repayment of the loan when funded. I hope and believe that you will find in your heart to consider supporting me again for my better tomorrow.

Thanks.

GOD BLESS YOU ALL.

Sincerely Zipporah Rono.