Add stock of fruits and vegetables

Michael

Nairobi, Kenya

3% repaid

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How it Works

Entrepreneur

Name

Michael

Member since

June 2015

On-time repayments

33 installments • 36%

About Me

My name is Michael Otieno,Am a form four liver,Since my childhood i had a dream of being a business man and as i grew up i came to realize that everything in this world need a plan in order for it to succeed.Before i sat my KCSE examination i always thought of coming up with something that will enable me to survive in the outside world and in my mind i did not have any thought of being employed since i knew very well that in this nowadays world thinking of of employment is like wasting your time,With this i had to come up with a proper plan on how i will survive and their was only one way for me and that was opening up my own business,with this i decided to start by growing my own vegetables in order to act as my source of capital since raising enough capital was a problem,After my second harvest i had raised enough which enable me to open up my own business which now has able me to suport myself financialy.

My Business

My business i deal with all vegetables including onions,tomatoes and potatoes,I re sieve this goods from different places where they are being grown in surplus hence buying them at a lower price thus enabling me to earn a favorable amount profit of around $22 in a week,My business is located on a junction,which is near by an Estate, Besides am the only one that offers fresh vegetables and fruits to my customers,Due to this i have manage to have a lot of customer which have created a large number of number of demand than my supplying rate.I decided to start this kind of after realizing how fer people inside my estate go in order to parches fresh consumable goods,And due to this i had to come up with a way of creating life for them easy and at the same time being able to get a quick way of earning money ,At the end of each week i create a new plan for my profits this is to enable me to expand my business,i spend a lot of money in this area in order for me to continue gaining more profits towards the end of every week ,At the end of the month,part of the profits am using it in paying my rent and save the rest.

Loan Proposal

I intend to add a good stock of fresh vegetables and fruits,inorder to meet the demands of my customers,with this i will manage to gain more profit hence expand my business further,with this loan i will be in position of adding a good amount of stock,i'll spend 50£ on vegetables,55£ on fruits and the remainder for transport inorder to makesure in each day i have fresh goods in my business