Business expansion

Entrepreneur

About Me

Hi, I'm Samuel living in Ongata Rongai town which is in Kajiado county, in the outskirts of Nairobi, Kenya. I run a business of retailing second hand assorted bags at my shop in Ongata Rongai town.

My Business

I run a shop merchandising assortment of second hand bags. I started the business five years ago and i want to take it to the next level. I have stumbled on an opportunity to buy out a struggling business and convert it as my store so as to expand my business.

I need US $ 500 to pay for the goodwill and do renovations. The breakdown is as follows

I'll use US $ 300 to pay rent arrears for the said shop.

Pay US $ 100 as transaction fee for change of ownership.

Use US $ 100 to renovate the premises.

In total I'm requesting Zidisha team for a loan of US $ 500.

Looking forward for your assistance.

Loan Proposal

I merchandise assorted second hand bags at shop in Ongata Rongai. An opportunity has availed itself and i want to buy out a struggling business next to my shop at a cost of US $ 500. This will help boost my sales since the next shop i intend to acquire will be my store for my merchandise.

Have broken down the costs as follows

US $ 300 rent arrears for three months at a cost of US $ 10 per month

US $ 10 as transaction fee for change of ownership

US $ 10 for renovations.

This take over will mean that i can increase more stock, hence increase my sales, the business will thrive and eventually this will have an impact to me and my family. I already have one staff so i will be able to create opportunity of employing another person.

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Loan Info

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