Payment of children school fees and expand vegetable busines

Entrepreneur

About Me

I am Lance Dzombo, a father of three children; a boy and two girls. The first and second are in high school while the last is in primary level.
I live in the coast of Kenya Mombasa at Walea Village in Kaloleni. I went through primary level of education and later joined a high school up to form four where I completed my studies before venturing into business.
I started business so as to increase my income and also i found it interesting being a farmer and at the same time a businessman. I started other project of like small poultry farmer and bought one cattle so as to boost my income from the milk sale.
These agricultural activities will help me in my business since I want to start another project of planting kales and cabbages so as to make the work easier in terms of selling them instead of travelling all a long the way to mombasa to buy them from wholeselars. My pastime hobby is reading and singing.

My Business

My business is a grocer and since it is, I sell goods like cabbages, kales, tomatoes, onions, bananas potatoes, spinach and many others.
The demand of this business is high though not for all the time, and this is because the goods i sell are basic, meaning that they are needed by the consumers each and every day to satisfy their needs and also because the population around my business is high.
Most of the people prefer to come to my grocer simply because of the way I handle them and the goods i offer are always fresh. I offer some service after sale such as packaging the goods and I also treat them gently and equitably. Since my customers come in big numbers my and there is no much wastages as in perishability and minor damages to goods are being contained properbly there is profitability to this business.
Some of the risks incurred in this business is like kales going bad but controlled by avoiding holding a large stock and selling in time to avoid them staying more than one day. Another risk is experienced when tomatoes are being damaged, where this is avoided by buying only tomatoes which at once by mix them with the ones which are ready to be used and few which can last for some time.
I spend almost Ksh,30,000 per month on buying the goods and get almost Ksh.40,000 after selling in the whole month and since there are some expenses like transport, packaging materials, I spend Ksh.4,000 on this expenses thus making a profit of Ksh.6,000 per month.

Loan Proposal

With loan I am going to pay the third term school fees for my child and the remaining amount I will put to my business which is the vegetable grocery, a very small portion to use in home's development.
For school fees I will use 280 dollars, 67 dollars to purchase vegetable stock and the remaining dollars I will use for family improvements. Paying school fees is a vital role as a parent and it helps to shape the future of the child when she will grow old considering that we living in a dynamic world where everything demands for an elite people. and also in our time we are living education to a child is accurate inheritance from a parent since it will never wear out neither depreciate as materials do. Through your loans I have managed to make available varieties of vegetables for the community and they don't struggle in obtaining what they want at their very door step.
For your willing heart to give I thank you very much.

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