Electrical shop

Entrepreneur

About Me

I am an electrician with a small shop that sells electrical wares at first i was engaged in installation only this meant i had to send my customers to buy the wares from other shops until l realized i could maximize the profits if i sold the wares myself and save on time as well as some of the customers would have me fund for the wares myself and effect payment promptly once the installation is completed(this apparently is the most lucrative part of the business).what i plow back into the business is short of what i would wish to have in terms of stock.

My Business

Busia is a small town that is currently experiencing rapid growth and this means electrical installation is on the increase my electrical shop is still small and at times the orders overwhelm me so if i get a loan i can increase my stocks.most of the tenders that i normally sign into requires that i foot the billing for the materials as well with payment being prompt on completion of the works though occasionally some payment are not prompt on completion with lengthy procurement procedures but as yet non has ever resulted in non-payment.

Loan Proposal

I have received Zidisha loan of $50 in the not so distant past(to be exact I have just made the last installment some four (4) days ago) which I invested in buying electrical cable of gauge 1.5mm and the returns were enough for me to repay the loan in time.
Given the high rate of return for this particular product I intend to use about $85 of the loan money to re-invest in the same wire gauge and add the balance of about $101 to invest in cable gauge 2.5mm with the returns both profit and rate of stock turn-over I am confident of repaying the principal amount plus interest in time. I will make do with my current credit limit.

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