Business: Retail Kiosk.
Location: Tayari, Molo.
Years in Operation: 7 Years.
Amount needed: $300.
Josephine is a pleasant enterprising lady who believes in spreading risk to maximize profits. She puts a lot of thought into a venture, finding out all its highs and lows before eventually settling on pursuing it. Presently she has her hands in three different businesses. She is a middle scale wheat farmer growing wheat on a five acre piece of land which she sells from the farm to companies that buy in bulk directly from farmers.
In addition to the above, she and her husband have 11 rental units right next to their home from which they fetch at least $160 every month. The rent income helps to facilitate the wheat farming. Euniece opened the retail kiosk seven years ago to not only keep herself occupied at all times but to further empower herself economically. Her husband, a primary school teacher has been very supportive in all their family’s business ventures encouraging her to put her best foot forward.
Her kiosk is adjacent to her home and she owns the building that houses it thus saving her on rent expenditure. All her tenants buy the household goods that she sells from her shop. She also commands a great market share in the neighboring Tayari village whose customers she has won over and maintained thanks to her good prices and gentle and caring nature.
She is seeking $300 from Moto Hope Micro Lending to purchase more stock for the shop for she is currently experiencing very tight liquidity. With the money she will be able to restock her retail kiosk and set it back running profitably. Profits from the kiosk, from the wheat farming and rental units as well as her husband’s salary, combined, are what enable them to afford the school fees of their two school going children enrolled in good private schools as well as meet all of their needs to allow them a relatively comfortable life.