To purchase milk and a milk tank for my milk ATM machine

About Me

I am a first born in a family of seven. My father died in the year 1991 and left us while we were still young. We had to face the harsh living style with my mother who was also a peasant farmer. I struggled to complete my O level education to acquire little knowledge on how to operate a small business on my own to help our family. When I completed my schooling, I faced a challenge of capital to help me start my business since i had little skill in business management. I started fishing to get some income and again help my mother raise up my siblings. After that I started by first getting small shop where I would be able to display my products which I started by first selling our own eggs from home that I got from the hens that we rear. Thereby I got some finance to add my stock by bringing different products like bananas, onions among other consumable goods that has maintained my shop up to date. My business can now help our family however little it is and my siblings are moving ahead in their education and have different expectation when they grow up. My hobby was reading novels more so the ones that talk of entrepreneurship that made me have interest in operating a business.

My Business

My business was started in the year 2014 and started like a shop for eggs which I obtained from the hens we rear back at home. Due to demand that was rising, I thereby borrowed some funds from a friend to expand the business since there was a high demand of the product but i faced a challenge of low supply due to inadequate capital. Being that I deal with food products especially the ones that are on daily demand, I increased the stock by introducing the sales of bananas, onions, maize among others because my customers demanded for them. The goods i sell are cheaper in price and affordable to low income earners who stay in my locality and again it saves time in terms of preparation for faster meals. Like in purchase of one egg goes at a cost of $0.12 likewise to bananas among others. You find out that at the end of the day one uses less than $1 to manage a meal for the day. So I found it affordable to my customers. I purchase one crate of eggs at a cost of $2.12 and sell it a cost of $3 making a profit of $0.88 but I purchase around 10 crates almost after two days making a profit of $7.86 once after two days. A sack of banana goes at a cost of $2.2 and sell it at $3.5 at the end of the day I make a good profit that can maintain the business and take care of our family. Through the loan that I received, made me expand my business to greater heights thereby creating more opportunities for other products. I ventured into sales of cereals adding another stock into my business. I sell maize, beans, peas among other consumable products. I expanded my business to engage my customers fully to extent the daily demand like the sale of milk at an affordable price is now available to them through the introduction of a milk ATM I bought from the loan I received last. As at now my business has stood on its own I want extend my help to facilitate the college fee for my sibling who is to join college by September. This is my main reason unto why I am requesting for the loan.

Loan Proposal

the loan will facilitate renting of the premise used for the erection of the milk ATM machine which will go for Ksh.7500, the purchase of a milk tank that will be used to store the milk sold by the milk ATM machine already bought will go for Ksh.10000. Vendors who will supply me with milk 100litres for a start I will payKsh.10000, transportation at a cost Ksh.2500, equipments used for themeasurement and package of milk for the customers at a cost of Ksh.2000, cash that will be used for maintainance and any emergencies in the running of the business will be Ksh.2000. The rest will be used to support my previous sales of green grocery. Upon doing all this my customers who are unable to purchase packed milk due to price will be able to get milk according to their pocket because I will be selling to them for as low as Ksh.10 onwards. This will ensure my customers live a better lifestyle and full of energy to keep them imrove economy of the nation. I f my business run successful without any hindrance I am ale to raise a profit of upto Ksh.10000 per month following the amount of milk used for a start.