Capital to start and operate a new shop

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

I would like to open another business but within my locality. I have already acquired the new premises and paid all the fees required(house, water and electricity deposits and rent). I would like to purchase lpg gas cylinders and construct a lockable metallic cage for the new shop. I would like to begin with cooking gas as the main product due to its high demand. From my savings I will also purchase the minor electronics and electrical such as wall sockets, switches, water heaters, bulbs, memory cards, USB drives, chargers, power extension cables, multi plugs, top plugs, vga cables, rca cables, power cables and other minors such as RF jackline.
My budget in kenyan shillings is:
Metallic cage. @10000 =usd 100(kes10000)
20 6kgs gas cylinders @3300 =usd660(kes 66,000)
10 13kgs gas cylinders @5300 =used 530(kes53,000)
Business permit @5000 =usd50(kes 5000)
Minor electricals total cost =usd 400(kes 40000)
Total =usd 1740(kes174,000)
My budget was usd 2100 (kes 210, 000) . From this loan am hoping to get kes usd 1120 (kes 112,000) and the balance of around usd 1000 (kes 100, 000) from my personal savings. So far I have spent usd200 (kes 20,000) on acquiring the premises( the deposits and rent for this month) I also intend to spend usd70 (kes 7,000) on the painting and branding of the shop. I also intended to have a display shelf erected at the cost of usd300 (kes 30, 000). But this point my budget is already depleted and will have to source somewhere else for the deficit . By my calculations of short of usd 210 (KES 21000). The total will be usd 2,310 (kes 231,000)

Am working day and night to set up the business and i pray that it will be successful
Thank you so much and I hope to hear from you soon.
Be blessed abundantly

Feedback

Loan Info

Lenders