Stock for grocery shop

Entrepreneur

About Me

My names are Jacob O’nyamul. I am a married man aged thirty two years old. I was brought up by a Christian father and mother in a rural home in Siaya, Kenya. My parents were very poor and this forced my father to migrate to the capital city Nairobi in search for a job as we were left struggling with life in the rural. The little income he got sustained us a bit as I and my siblings were able to go to school. Unfortunately my father was attacked by thugs who ended his life at a building that he was guarding having been a security guard.

Being the firstborn in our family I had to put on my father’s shoes by struggling to become family’s bread winner. My mother was a housewife, I was not yet 20 and my siblings were very young and needed to go to school. I was determined to uplift our family despite of the challenges. I got a job with a Christian organization though at a voluntary level, I thank God I am able to get some stipend. Because the income was very small to cater for my family, siblings and mother’s expenses I started a small grocery shop with the help of cash savings received as gift on my wedding day. We’ve been working together with my wife as managers of our small investment.

We are blessed with two children (Blessings Akinyi))who is about one year and eight months old and Alma Oduor who is two weeks old; it’s our desire to train them in a godly way so as to help them overcome worldly influences when they grow up. In our culture when a man marries a woman he must pay dowry, normally in form of cows. This has been a great challenge to most of poor young men who wants to marry in the Lord.

I am a saved Christian and an evangelist, I love reading the Bible and spreading the gospel. God has been so faithful to me and my family. When I look at my life I do acknowledge the great work of God.

My Business

The name of my business is Baraka (Swahili name meaning ‘Blessed’) grocery shop. I do sell groceries mostly food items which we buy from wholesalers and break them in small quantities for the consumers.I am planning to add dairy business of selling milk in addition to my grocery stock. I like this business because milk /groceries/food items are always in demand, that is, people will always have to eat something so as to live. Most of the people in our neighborhood are facing poverty and are therefore not able to buy things in large quantity.

My wife and I are the shopkeepers in our business and I do not have to employ someone to work in the business. Moreover we are doing the business in the same building that we are living in, and therefore saving on additional rent for the shop. Our main business cost is rent and cost of goods purchased for resale. I do use the income from sales to re invest in growing the business. The rate at which the goods clears up in the shelves is so high in such a business and we have to keep monitoring the stock level often to make sure that there is no goods that is out of stock. The main challenge is restocking goods frequently and breaking the items in smaller quantities.

Its my desire to grow my business to the level of a cash and carry supermarket if God open ways for funds. This would increase my income and I will be able to support my siblings and my mother who is a widow. I will appreciate any support accorded to me. May God bless you abundantly as you avail your resources to lend to the needy.

Loan Proposal

I would be expecting a first loan of approximately ksh 6,000 (62.5 dollars) after deducting membership fee of ksh 3000 (31.3 dollars). I am planning to use the loan in purchasing main commodities in my shop as listed below. The items are fast selling in my shop and I would have to restock them after every three weeks (maximum). These are just few of the products that I am selling. I would use the profit in reinvesting so as to grow the business to my initial goal of turning it to a supermarket.

ITEM B . PRICE S.PRICE PROFIT

Sugar 50kg 41.7 49.5 7.8

Maize floor 50kg 15.6 25 9.4

Cooking fat 5kg 5.2 6.3 1.0

TOTAL 62.5 80.8 18.2

NB. The figures above have been converted from Kenya shillings to US dollars at the rate of 1:96

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