Rent a shop for selling purses and handbags

Simon

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Simon

Member since

February 2014

On-time repayments

300 installments • 64%

About Me

I am a 39 year old christian, BSc. I.T, talented and with a good will for life. Married to Mary and we have two children.
I have have now been promoted as the head of academics from a teaching assistant in a Nairobi based institution called Kenya Christian Industrial Training Institute.
I was born in Nakuru in a family of seven and I was brought in Nairobi where I live with my wife and daughter to date. I have been doing poultry business and I also own a shop that sells purses and handbags.
I want to rear goats. Kenya is an Agricultural based country. Goat rearing does not require much land and do not bear high cost to run. The site of the project will at a small land owned by our family. I will purchase does and bucks of one year of age so as to maximize on the loan.

My Business

Goat farming requires less capital and investment than raising any other livestock. I will start goat farming business with a very small investment but in the result I will get more profits than any other livestock.
I will earn some extra money by selling manure to crop farmers who use goat manure in their field because it is a very high quality organic fertilizer, I will sell goat meat it has a great demand locally and this rate is increasing rapidly day by day, I will sell goat milk is enriched with many necessary nutrition elements and it is easily digestible which makes it a huge demand locally and also goat skin has a high demand and value locally.
After the goats have reproduced, I will sell young ones at a profit in order to maintain a healthy maximise on the profits.
The profits will be used to take care of my family, siblings and my dad.

Loan Proposal

I propose to rent a small shop and sell handbags and purses. I will buy the handbags and purses from distributors in Nairobi at wholesale prices and sell them at a profit.
I will buy 10 purses and 10 handbags which will cost me a total of 217.6 US Dollars.
the 10 handbags will cost me 163.20 US Dollars.The purses will cost me 54.40 US Dollars. I will spend an additional 16.32 US Dollars for renting a small shop(store). 38.08 US Dollars will be operating help me take care of operating costs: Transport to and from the distributors who sell the purses and bags to me at wholesale prices, Paying levy to the Local Government and Delivering ordered purses and bags to specific customers at their offices or homes .

Sincerely
Simon Macharia