235 installments • 40%
I have completed my secondary education then acquired vocational training in electronics. I am married and blessed with one child who is 7 years old.
I reside in Githurai Mwiki and have also established electronic business in the community. My wife operates a tailoring business where is makes women & children clothes.
Revenue from my business and the tailoring business for my wife is used for upkeep, saving to expand the businesses and savings for the children education.
I am actively involved in community development thus serving in the local development committee.
My electronic business is based in Githurai Mwiki. It involves selling of spare parts of television sets, decoders, Dvds and mobile phones and also offering repair services.
The demand for my goods and services is high because of the technology era whereby at least every household has a mobile phone hence I am the only provider of the services in the community.
Customers prefer my business because of good repair skills & experience and good customer services. My business is at risk because it can't sustain the needs of customers who require mobile phone spare parts thus reducing my sales but with financial boost, I will be in position to purchase the mobile phone spare parts hence meeting customer demands.
The average monthly sales is Kshs 74000 and the average monthly expenses is Kshs 52000 hence the average profit is Kshs 22000.
I wish to use the loan to buy new electronics extension, phone body and other spare parts to add on the current stock.
This will help me achieve my dream of satisfying my customers with all services or products they need.
I am expecting to increase my daily sales by 20%. This will also increase my daily, weekly and monthly income by 20% which will help me meet the needs for my family and pay my loan back.
It will also enable me pay my bills like the recently increased rent and high electric bills both at my residence and business rooms. Am really thankful for the previous loan. It made my life better. I believe loan make my life even much better still.
Thanks in advance understanding my needs and believing in me this much. I promise I will not let you down.
May 2, 2015
Cost to entrepreneur
Service fee: $16.13