Maize,rice and sugar inventory for retail shop

Entrepreneur

About Me

PERSONAL PROFILE
KIPKORIR VICTOR KIBOR
Iam known by the following names,born in 1984 kokwao sub-location Tambach division
In Keiyo district.I went to kokwao primary school and finished in the year 1999 thereafter joined Tambach Boys high school for four years.In the year( 2005-2006),went to Mbale progressive high school Uganda for A-level.
In the year (2009-2010),went top Regions group college and acquired a diploma in Business administration thereafter joined Kenya college of accountancy for a professional coure in Certified public accountant.
In the year 2014, i enrolled for a degree course in BCOM Kisii university and i graduated in Dec 2017
Currently in the year,2012 to date,I am employed in Transmara sugar company as an accountant.married in 2013 and blessed with 2 children.

My Business

TRACTOR FOR CANE HAULIAGE TO THE FACTORY FOR CRASHING:
Due to an increasing urge from the community, I opted to purchase one tractor for transporting cane to the factory .The cane will be carried to the factory and crashed and the end products that is Sugar will be used by the community to improve their livelihood's.
The reason for choosing this kind of business is due to an increasing demand by the businessmen for ease of transport of their cane. I have bought 1 tractor complete with a trailer and iam planning to add another one for efficiency.

The costs incurred in this case is as below:
1.A tractor Kes 1,500,000=USD 12,820/
2.Trailer Kes 500,000=USD 4,275/
3.Other spares Kes 200,000 =USD 1,709/

Total=USD 18,804/
The profit received from this will assist me in adding more tractors and employ some casuals in day to day tasks.
With this regards,I thank Zidisha team for there financial support and unity and I hope we shall be together as far as terms and conditions is concerned.
Thanks&Regards.

Loan Proposal

Last years December 2014 harvest is almost out of stock and their is high demand for food stuffs like maize flour, Rice and sugar, beans and cooking fat.Iam proposing the next inventory budget as below and i kindly request my lenders to support me in order to meet the target:-
Rice 50 KGS-@ Kes 2,500X4 Bales =10,000/
Sugar 50 KGS-@ Kes 4,200X5 Bags=21,000/
Maize flour 2KGS-Kes 1,800X5 Bales =9,000/
Cooking fat 50 KGS=3,000/
Tea Leaves 10 bales @kes 300=3,000/
Soap 10 cartons @ kes 500=5000/
10 bales Omo @kes 30 =300/
Transport Kes 1,000/
Total proposed budget Kes 52,300/
US Dollars 581.111.
This therefore will increase the stock of inventory thereby increasing the profit margin and creating employment to jobless young youths in the society.
Thanks.

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Loan Info

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