Buy new stocks of phone accessories

Entrepreneur

About Me

My name is Asenath. Born in Meru. This is a typical rural set up with but with fairly good infrastructure like electricity supply. I went to primary and later secondary school for my education. I later joined a training college where I enrolled for a certificate course in computer applications. I later relocated to gilgil where I got a job in a photo shop where I was employed as a computer operator. I worked there for about 2 years and later decided to start my own business.

My Business

My business is selling mobile phone accessories. I started the business one and a half years ago when I realized that there is a big potential in the industry. In kenya everybody wants to buy the phone in fashion. This helps to move my accessories. The biggest challenge is the rate of change in the industry. The frequency of change demands frequent capital input. This trend slows me down in my growth estimation due to lack of adequate capital. My customers are mostly young people

Loan Proposal

The purpose of the loan is to buy new stocks of Phone accessories. Data Cables Mobile Chargers Category Phone Covers - Nokia - Techno and others I expect everything to cost approximately 45,000 KES. I already have 5000 to add from my savings. With a new stock of 45,000 KES at an average turnover of 4000 KES daily my gross profit is normally 15% which is about 8600 KES. This boost will give me an average of 12000 KES as gross income per day before expenses. The cumulative income will help me pay my bills on time and so take care of my family more easily. I will also have more peace knowing that things are getting better.

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