Entrepreneur

About Me

My name Ronald Osialai, I come the western part of Kenya in Teso North District. I am 53 years old and I have a family of 7. I have been doing a business of hardware and making of furniture for the last 1 year in my town of Malaba. Business was good initially and I have been able to gain a substantial number of customers. However when the business grows it always requires more stock and equipment. Customers demand for more furniture and materials and my capital input cannot sustain. I require some funding to enable me add tools in order to meet the demands of the customers. I have experience in business management with a Diploma in Business Management and Administration.
And have a vision of developing my hardware /workshop to compete with the best stores in the region. With some funding I am able to increase my profit and thus enable me grow my small business.
I have five children in school, one in college, one in secondary and the rest in primary. The growth and profitability of my business will help me pay for their school fees and all their needs in ease. Besides that I am also studying to advance my course in Business Management and Administration. The growth of my business will help me further this.

My Business

My business is located in Malaba border town of Kenya/Uganda, Teso North District in Busia County,in the Republic of Kenya. In my hardware/workshop I sell building materials and timber and use the same in making furniture like beds,tables,chairs,sofasets,cupboards,desks,wall units naming but just a few.
I started about a year ago and since then the business has been improving. Since the inception of a new constitution and new government structure in Kenya, construction projects are in the rise. Local governments have embarked in construction projects and thus demand for materials. This informs the increase of my supplies to my customers. My daily turnover is an average of Ksh 6000.00 and this translates to a monthly profit of Ksh 30000.00.
I will use the loan to purchase cement which is in high demand in the region at the moment. The loan will go a long way to help my small business grow and sustain the education of my children.
Thank you.

Loan Proposal

I will use the money to buy bags of cement and timber that i require in crafting items that my customers need. the cement is part of the ordered stock that i have been requested to supply. in my workshop/Hardware it is vital to have timber to make wooden Beds which are popular in Kenya. Apart from from that i also make desks that are used by pupils in the primary schools in the locality. The desks mainly are produced using timber. Actually timber constitutes 95% of the of the components that produces the desks. timber is also used to repairs fixtures and fittings in schools, Government offices and churches.

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