To continue adding more stocks of fabrics

Entrepreneur

About Me

I was born and bread in the the capital city of Kenya, Nairobi. I am currently married with two beautiful daughters 20years and thirteen year old. Due to the passion for organizing cook outs and entertaining friends and relatives as one of my hobbies, I decided to seriously take up event organizing. Soon I started receiving requests from friends and relatives to organize functions. I bought 100 plastic seats and bought 2 tents for 100 and 50 seater capacity for hire. We have since been organizing weddings and corporate functions. I would like the business to grow since bigger functions will requires for items for an efficient function. I am glad that I am also getting more help from the family members, especially my daughter who cleared high school last year is very keen on the job and I would like her to take over one day as a source of income.

My Business

My main goal is to be self reliant in future to minimize the cost of hiring. If I get the loan I will continue to purchase items that we use in the event industry such as video camera, more seats, fabrics for decoration get new tents and catering appliances. This will cost me at least Kenya Shillings 500,000 or more in total. I am grateful to zidisha for the past loans that enabled me to buy two big cooking pots and 10 more seats. With my last loan I added 2rolls of fabrics that are used for decoration. I would like to increase my stock continuously. Since the event industry is quiet dynamic it is important to keep up with the current requirement. This is why I will always be buying current tents since or are now old and outdated.
I am currently operating from the house it becomes very uncomfortable for both parties. clients must come home and view the items they are hiring. We also spend so much money on hiring of transport I would like to minimize on cost one of this fine days.
I have already identified commercial places that can serve as both a storage facility and offices to give me a more professional outfit. I always engage youth in the are from manuals jobs and if we are able to expand I will give opportunities to a few youth on a permanent basis . For now I will engage and work with my daughter who cleared high school and the rest of the family members.

Loan Proposal

I will continue to add more fabrics and other stocks for my events business. I have managed to reduce the cost of hiring since I realized I make very little or no profits each time I hire. Each roll costs about USD 45 and to hire a roll costs USD 10 and you may require more than 3 rolls depending on the client's theme colours.. it is wise to buy especially with loan I will receive. If I have enough fabrics for an event I expects 100% profits or more. I will add about USD 20 to get 2 more rolls of fabrics. I have seen my profit grow in the month of October. If Zidisha can increase my loan limit I will continue to target more clients and make profits. I will also be able to create more jobs directly and indirectly. Currently I work with employees on a contract basis and this sometime can make my business unreliable.

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