Enable me stock my motocycle shop

About Me

I was born in Kenya in village called Ronda, I come from a humble back ground in a family of four am the second born. All along life has not been easy its been a real struggle my parents were just farmers at home. At the age of five years I had an opportunity to enroll in a nursery school I studied for two years and join primary level of education for another eight years after this I was called to join high school for another four years.Luckily through hardships I was able to accomplish. Life on my side generally has not been all that simple but I keep trusting in God. The interest that I had that one day I can become a mechanic, this made me to start up a business of selling spare parts and repair of motor cycle. The enterprise has favorably helped me as I became self employed, and has enabled me to own some assets which have helped me to become stable,When am not at work I compensate that time to carry out various activities with a youth group such as environmental practices to keep the environment clean and health . I also like socializing with different people and also traveling to learn more from other people.I am intending to become a successful businessman to import goods to serve my customer,and i believe business will be good as i work hard to increase my returns.

My Business

About My business.
I began this enterprise as a repair garage for motorcycle but gradually due to the demands from my customer I had to introduce parts for replacing the worn out parts.
Summary of Start up expenses for my business.
Equipments and tools -115.8 dollars
Display and selling parts-231.6 dollars
Legal Documents - 69.5 dollars
Rent -46.3 dollars
Stationary- 57.5 dollars
Total Expense =521.3 dollars

Value of Assets
Long term assets -231.6 dollars
Current assets – 208.5 dollars
Others 115.8 dollars
Total – 555.99 dollars

Monthly ratings
Stock bought – 347.5 dollars
Stock sold -463.7 dollars
Profit = 115.8 dollars
You realize I have not indicated the monthly expenditures because this are catered for by the money got from repair,this helps me to maintain the stock and improve gradually from one level to another.
Am confident that through my little earnings I can service this loan effectively.
If I get this loan I want t expand my business by buying new stock to add to what I have to suit the needs of my customers who are increasing in number.

Loan Proposal

My name is Benson Nyakundi am a young entrepreneur who likes doing business,Since i was interested in the motorcycle parts and repair business I have a big dream of enlarging my enterprise to a big store.
This is a summary of my proposal.
Replacing of worn out tools and equipment. -115.400 Dollars
Purchasing new range of stock in the market-231.098 Dollars
Hiring extra premise to expand the business-57.77 Dollars
Totals =404.268 Dollars
Since i have the potential of doing business and able to repay the loan i will be very glad to boost my business because i know the starting loan will not be enough but i will make good use of the amount am given.
I believe that if i strengthen the key areas in my business i will get good returns,especially this first loan i want to buy special tools for my enterprise.