A new branch for my accessories shop

Samuel

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Samuel

Member since

April 2014

On-time repayments

103 installments • 70%

About Me

I was brought up by a single mother, after sitting for my KCPE(was kept in school by well wishers), my mother was unable to take me to college. I had to do odd jobs like helping people with their baggage, at bus stops, to raise enough money to pay for a mobile phone repair course. this has helped me open a small stall where we repair phones and other electronics. we also sell various accessories. when am not working I like reading electronic eBooks on my computer.

My Business

My business is a stall where mobile phones and related electronics, mostly domestic are repaired. we also stock related accessories like mobile phone chargers, batteries, covers and housing cases. due to the technology growth rate in Kenya, I believe these are gadgets with high demand. since I was a kid, I have always had passion for electronics and hence the choice. Am also planning to seperate the accessory shop and the repair shop, to enhance working environment. In this business the typical costs are, stall rent, local authority permits wages for the technicians and utility bills like electricity. the business also caters for my family, one wife and a kid. currently am not paying any school fess, since my kid is a toddler but am sure in future I'll, hence the need to expand the business. i see this business as a pillar for my family.

Loan Proposal

Am looking forward to opening a new branch for my accessories shop. Since the demand for mobile phone and electrical accessories is high in my locality. The most essential items to have first are: Rent and deposit for the stall $150, making some shelves and painting $180, business permit $100, electrical switches and wall outlets $80, mobile phone batteries $120, energy saving bulbs $107. This adds up to a total of $737.28. This will go along way in improving my life and that of my family. Am also looking forward to hiring someone else, since I also want to change someone's life also. With this new stall am looking forward into a great business venture with a profit turnout of about 20%. Am looking forward to running a multi million business.