Boost my business inventory

Entrepreneur

About Me

i went to school at mukui primary in 1993 and dropped out in class seven due to lack of school fees. Then i was employed as garden helper for seven years up to 2008when i joined Fyko chemical company up to 2015 July when i was rendered jobless due to company retrenchment of employees.i used my hard earned savings to start a business in Tassia estate, Embakasi, Nairobi. While i was in FYKO chemicals company i used to visit a friend who does repair electronics and from him i acquired basic knowledge on electronics repair and maintenance.

My Business

I deal with general buying and selling of second hand goods ranging from electronics to furniture, house holds to office equipment, fridges coolers and many more. i also do Phone repair. i also have sound system for hire for small functions such as birthday parties, family meetings and other minor functions
basically my business i located in an area of lower class people who can rarely afford new products such as households and most prefer to buy used items as they are cheaper and are in good condition. I chose this business because i could start it with the small capital i had.
The only costs involved in this business are the county council license and Music Copyright Society of Kenya license because i deal with Audio visual systems. Others are electricity and water bills.
I use the profits realised for the upkeep of my family and plough back whatever remains after my expeses are catered to improve the business

Loan Proposal

since i deal with used items i cannot be able to quote the exact buying price of the items because the price will depend on the seller and the condition of the items. Items in mint condition will fetch higher price than roughly used items.
I intend to buy more sub woofers and TV sets because they are some of the items that are currently on high demand. I also intend to purchase more beds, mattresses and dvd players due to demand.
I expect over 30% profit increase which i will use to boost my business and improve customers confidence in my business, they will be sure they will get what they want in my business premises. i will also contribute to charity moves in my area to help the needy.
Thank you in advance

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