Capital increase for labaratory eguipment surply to school's

Entrepreneur

About Me

halloo zidisha family am great full for acceptance its great i have joined as i think this will be a opportunity for me to grow from small to big in my kind of business,i take this as a life time investment financial support.

ABOUT ME.
It was 23 years ago when i was born in Emuhaya district in the western Kenya Kakamega county to a beautiful family of three boys and two girls,My parents Mr and Mrs oyalo took me to Emuhaya primary school there after i joined Rusinga high school and manged to score a B plain in my secondary education,financial status for my parents who were farmers went down so i dint join campus straight after school but a year after my dad struggled hard and things became well ,i managed to join Kenya polytechnic in nairobi, where am pursuing a diploma in laboratory technician,being on this field for two years as made me meet may people others good others bad and since i was new in town i experienced different behavior changes like drinking alcohol,peer pressure and so many things that i dint use to do but thanks to GOD i managed to overcome this as i matured enough and moved on to being whom i was ,i realized an opportunity in laboratory equipment suppliers especially to private secondary schools in the central and western province so after getting a higher education loan (HELB) for my second year i did not Hesitate to use the cash and purchase some Laboratory eguipments and started advertising them to local schools ,it was after six months when i received a call from Kanunga high school re-guesting me to supply microscope test-tubes and other tools for their laboratory,i told my friend about this and after combining the little money we had we signed a contract with the principal of the school and we went to the street to look for this materials, luckily our supplier noticed that we dint understand much in the business and decided to advice us on how we can make it to become big suppliers we talked and talked and after some consultations he decided to give us the materials with a deposit amount then pay the full amount after we cash in the check from the school this idea was great and after our first deal was successful the trust between us grew and that is how we now operate ,i take orders from schools ask the supplier to deliver and receive the cash and pay for the materials ,we now work as a team and i love the job because it s apart time job,i would wish to open a businesses for my brother back at home and support my sisters with their education in future i like travelling and marketing besides reading novels.i want to be a potential supplier.

My Business

my business is all about buying and supply of laboratory equipments ,i visit schools asking if they would need this equipments (marketing) and lots of the schools i visit are interested with the equipments the cost for this equipments varies as they are different types e.g microscope,test-tubes conical glass etc so i take a order calculate the price and deposit half the amount to the seller then after the supply i receive the check and after maturity i pay the balance to the surplier.
I roughly deposit 30000 to 50000 Kenya shillings on a single contract,i make profits of 20000 to 30000 depending on the number of items i sell,my profits are not monthly as i can get two to three contracts in a good month or no contract a whole month but with good marketing skills have been getting at least two contracts every month,my supplier gives me a limited number of items depending on the deposit amount so when the deposit is high i manage to supply all items at ones when its down i have to supply halfway then after getting the cash i supply the rest,this makes it more costly on transportation and time consuming.i use the profit to pay my two friends whom we work as a team and pay my school fees and sustain my upkeep in the school and in the business,i also buy books for my sisters and do small shopping for my mum.

Loan Proposal

if I raise this loan I will raise my capital and buy more labaratory eguipments for surply to school's around.
I now have a deposit of 235usd which can give me 60 to 70 pcs of lab eguipments this reflects a profit of 20usd each item, a increase in capital will give me more eguipments which means more profits.

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