Buy more stock for m/v spare parts

Entrepreneur

About Me

I am a family man with two children who are currently schooling at a local primary school near my place of residence. I have had a passion for business for a long time and have a small auto spares shop running at Thika town. However, i have faced some challenges mainly due to lack of adequate capital yet the local banks who are the main lenders charge so high interest rates and other hidden charges that discourages borrowing. The demand is quite high in the region since it has become a center for building materials like machine cut stones and sand, hence there are so many transport activities taking place translating to vehicle maintenance demand.

My Business

My business is fully focused on vehicle spare parts where i stock and sell both new and second hand spares. I purchase my products from Nairobi direct from those who import at a considerable price hence making my selling price a bit more favourable to that of my competitors. I have as well established a good customer link especially through the mechanics personnel around the area who brings targeted clients closer. I have also employed a mechanic trained person who makes sure that the stock bought is of good quality and also offers a good after sales services to clients. Having my capital base harnessed will enable me import some of the stock direct from places like Dubai thereby greatly improving on my returns.

Loan Proposal

Dear lenders,
I am much delighted to inform you the progress of my business since I took the first loan.I managed to add more spare parts hence increasing my sales greatly. I have also used part of my profits to venture to agribusiness whereby I grow corn maize and horticulture. I hereby request for more funds to add more stock to the motor vehicle business as well as buy fertilizer for the farm. by this diversification, I will be in a position to earn more income on weekly basis hence make my payments promptly.

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