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Food Retail

Purchase of more stock for my business

John DoeJ
EntrepreneurSimonLocationKianjoya Village, Kenya
Project status
100%funded
$434raised
11%paid forward

I am a small-scale retailer and a part-time teacher at Mugaa Secondary School. I sell basic household things such as sugar, flour, salt, tea, etc. My business on average generates KShs 5,000 ($48 USD) in profit. I wish to expand the business so that it generates more profit to support my family. I get my stock from Nakuru town. We run this business with my wife, who attends to customers when I am teaching. My goal is to have a large shop so that I satisfy my customers and support my family.

During my free time, I like travelling and visiting places, listening to music, and watching movies. I have attended and completed college, but I have not yet gotten a meaningful job because there are few jobs in Kenya.

My shop is located in Kianjoya Shopping Centre, just adjacent to Kianjoya Primary School. I combine my small salary from teaching and the profit I generate from the business to support both my family and my younger siblings. My parents are old and rely on me and my other elder sister, who is married and lives far away. So I do not really manage to save a lot, but if I get a loan, I believe I will increase the stock so that I can get more profit to support my family accordingly. The more I expand the business, the more customers I will get and retain. I want my business to be stable and growing. In the future, I hope I can expand the business to even become a wholesaler.

I would like to purchase more stock for my retail shop. As we head to the festive season of December holiday i would like to increase the most demanded commodities during that period. This commodities are as listed below together with their prices:

Wheat flour..........480kgs.......US $100

Cooking fat...........60kgs.........US $80

Sodas................5 crates............US $100

Sugar................500kgs............US $ 200

Salt.................20kgs.................US $ 20

Together with the little savings I will add and make the purchase. Thanks in advance.