Business loan for stock boost

Entrepreneur

About Me

I was born in kiserian in 1985,schooled there in my primary classes to class two,we moved to kamae where i continued with my education to class four.I attended good shepherd academy in Njabini to class 8.i attended Nairobi school for my high school and Kenyatta university there after where I graduated with a bachelor in science lower class.I since was doing casual jobs after i worked in Vision Afrika Sacco gilgil in various capacities but was not satisfied with employment since I had always preferred self employment and also wanted to settle in one town since through out my childhood and youth we had been shifting from one place to another(i have lived in 7 different towns) and that made it hard to have friends and grow my self hence the idea to open up a business where I would settle and improve the town by the quality and the services i would offer .I started my business when still employed in 2012 since i liked technology and knew there was great opportunity in pursuing that.i live in Kenya and our people like communities and that's what I have leveraged in my business since it's a place where the youth can experience different technologies and mingle.am currently single not yet married I think my customers are my kids and they would appreciate if they had all modern technological equipments in there disposal and that's what i aim to accomplish.i like exploring technology in my past time and reading about it.

My Business

my business is called red spot entertainment.currently we just offer gaming services (ps2),photocopying,computer services and sell movies but hope to expand and increase the number of consoles, open up a cyber and a sports viewing center in the near future and later register as a company and venture in more entertainments related businesses. As of now am only operating with three(+ 1thanks to zidisha) consoles but my hall can handle six.am the only one offering such services in my neighbour hood so the demand has been high as shown by my income.in a day i make around Ksh 800($8)minus all the daily expenses,in a month that's around ksh 24,000($240) minus Ksh 3000($30) rent and 2500($25) electricity.I reinvest ksh 5000($50) back to business and am left with ksh 13,500($135).most of this is spend repaying my loans that am almost done with.I am single so I don't use much on myself

Loan Proposal

business has been hard in Kenya due to the elections but gladly it's over and hopefully soon the president will reinstated and it will be business as usual.coincidentally we are heading to the December holidays and it will be a great time to make money but due to the hard times i was not able to save money to boost my business during this time as the little we made could only sustain us and maintain the business and lucky made it to repay the loan but i hope that with the election over business will be back to normal.My first application expired but hope if this one goes through i will still have time to catch up.As of now my movie stock is low and and i have not been able to retain my internet connection to download the latest movies as the demand has also been low but from the inquiries i have of late, i see the interest is back.
the loan will be used to reinstall my internet connection ksh 5000($50) and restock my movie collections for ksh 15000($150) but may double the stock later if all goes well.I will also use ksh 4000($40) to purchase new pads for the plastations8*ksh500=ksh4000($40).I will also use ksh 20000($200) to purchase flash disks,memory cards,earphones .readers and other electronics that i stock but may add the stock later.
the play station business has been making around ksh 300($3)a day and with new equipments and the holidays this may go up to ksh 700($7) this time.the movie stock makes around 150% profit so from that stock i would make ksh 22500($225),the electronics also make around 50 % profit so ksh 10000($100) from them.from the downloaded movies and other services i would make Ksh 500($5) a day so i can say i will have a busy and very profitable December and the next year if all goes well.I will keep on updating you on my progress.

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Loan Info

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