Capital to purchase television sets and float for mpesa

Entrepreneur

About Me

I was born in Karingari, Nembure sub location, Embu District, now Embu county on 6th January 1991. I am the last born in a family of three boys. I went to Nembure Primary School in my locality and later joined Kangaru School. Due to lack of school fees I was transferred to St Christopher mixed day Secondary School. In 2010, after high school moved to Nairobi where I first worked as a messenger for a real estate management company. After one year I joined hands with my cousin and opened a movie shop in fedha Estate. After some months of poor performance my business partner gave up and wanted the shop to be sold. I agreed to refund him the money he had spent in monthly installments. After several months of struggle I had cleared his debt. The business had already peaked but the worse happened, due to expansion of Outer ring road in Nairobi we were issued with a vacation notice and I had to transfer my business
After that I secured another business room in November 2012 and set up my business, this time round I had made some expansion. I had phone accessories and electronic good like sub woofers. A month later, on December 12th my shop was robbed off everything. This literally paralyzed me. I worked as a free lancer for some months then in 2013 April I started an electronic shop in tassia where I run up to date.
In the year 2016 I set up another business but it was vandalized during the post election demonstrations. Am currently working on another shop in Nairobi Cbd where am dealing with phone spares. Hope all goes well. Thank you.

My Business

I run an electronic shop based in tassia. I sell Phone accessories, bulbs, bulb holders,head phones, USB cables among other products. I also deal with electricals such as wall sockets, wall switches and wires.
So far i have acquired loan five times. With the first three loans i have been able to add more stock to the shop. I purchased sub woofers and DVD players. This has really boosted my monthly income by more than 60%,all thinks to the zidisha team.
I also started dealing with cooking gas cylinders courtesy of the forth loan of kes 43500 with i used to buy complete gas cylinders with gas and also constructed a lockable metallic grill cage for security and display purposes of the cooking gas cylinders.
With my previous loan, which was the fifth one I was able to purchase television sets and some other minor things.
The business is now performing well but I believe with even more stock and variety of products it can perform even better beyond expectations.The market around is favorable for such a business but enough capital is a major hindrance to development
The main costs involved are the licenses and the rent, the others are minor e.g electricity bill. The profit raised is used to cater for my basic needs, take care of my parents, help the needy where I can and use the rest to add some stock

Loan Proposal

To lenders and zidisha team,
i intend to purchase television sets for sale in my shop. I already have sub woofers, DVD players and other minor electronics such as iron boxes, DVB T2 digital decoders, rechargeable lamps e.t.c. Recently i have been receiving very many walk in customers who want television sets, some want the small sizes and others want the big sizes such as 32" and 40". There are still those who want the CRT type TV sets as they are more cheap compared to the LCD and LED TV series.
i also acquired an MPESA agent till (line), handset and did some branding using the profit realized from the previous loan but i don't have enough money for the float. The minimum float recommended by safaricom is$350 (kes 35,000) but i have $200(kes 20,000).
If my loan is fully funded, i will receive $590 (kes 59,000) after the deduction for members fund deposit. i will spend the money as follows.

Mpesa Float $150 (KES 15,000)
1 piece Samsung 32" led TV @ $200 $200 (KES 20,000)
1 piece LG 24" led TV @ $145 $145 (KES 14,500)
2 pieces 14" Wega CRT TV sets @ $44 $88 (KES 8800)

TOTAL $583 (KES 58300)
The remaining $7 (KES 700) will be used to cater for transportation cost from the dealer.

Looking forward to hear from lenders and zidisha team.
May God bless you.

Thank you in avdance

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