Buying and selling mobile phones

Entrepreneur

About Me

I am a 47 years old married man with four children; three sons and one daughter.

I work as a minister of the gospel, and am paid a monthly salary, which helps for my upkeep and supporting my family.

Lately, I have found myself straining a little as my children progress to higher levels of education, two of them currently in Secondary School, while the third-born is in a private boarding school. I have therefore had to look for a side job to make ends meet.

My Business

I have been trading in mobile phones in a small way from retailers well known to me, selling a piece at a time and earning a commission.

Having realized my selling skill, I wish to buy a few handsets from him at wholesale price, so that I can sell at retail and earn from the markup as this will be significantly higher than the commission.

I have been selling approx. five handsets a week, earning a commission of approx. $10 per piece, which totals to $50 per week. When I buy the handsets and sell them as my own stock, I will be able to make $20 per piece, which would double my earnings.

My startup costs will be significantly low, as my friend/supplier is willing to store the handsets for me as I do office-to-office deliveries against orders made online/by phone. - I have been using www.olx.co.ke to advertise the phones I sell, a website greatly used in Kenya for person-to-person selling, removing the need for a physical premises.

However, after I have grown sufficient capital, I hope to do car-boot phone sells, from my small car, parking at strategic areas around market centres, and in the long run also have a central distribution shop in the town centre.

Hopefully, this will in the long run help me to cross over to become a Zidisha lender to also also help others who, in future, will wish to start how I have started.

Loan Proposal

I first appreciate Zidisha team for giving me an opportunity by lending me funds to improve my mobile phone business. The amount of 150 dollars you gave me eased the way I respond to clients because have ready cash at hand i.e An orders for a piece is placed,there is an immediate response because there is no waste of time for moving around borrowing cash from friends.Thanks a lot.

As I apply for this second loan,I have targeted this festive season because mobile phone sales gets better.
I have budgeted to put 180 dollars on mobile phone handsets purchases,this means I will have some readily available hands sets which I plan to sell as I move from town to town by displaying them on my car boot.This is a method we use here in kenya.
I will put 50 dollars into purchasing of the license because the law of our country demands so.
The remaining amount of 65 dollars will go to the initial method I have been using of supplying to the clients as per demand.This way I feel there will be a great improvement in my business.From the look of things its possible to make a profit of 100 dollars in day.
Thank you so much for your continued support .

Show original English  

Feedback

Loan Info

Lenders