For this[articular loan i will use the loan to buy increase my existing stock of my movie business

Entrepreneur

About Me

I am Irungu Simon 24 yrs of Age a Bachelor of Business and Information Graduate year 2012.
Graduated from JKUAT
I am a blogger cum writer,graphic designer , computer technician and also do online freelancing

I live in Githurai 45 its in Thika County but More Closer to Nairobi
.I am self employed I have since moved to at the heart of Nairobi Town-the Central Business District better known us CBD.
We have setup a cyber business with a friend of which we plan to do the same i.e sell movies ,offer IT support for businesses around there and individuals .We like it there since it is more convenient to meet with far away clients .We are planning to do everything at our disposal to survive .

My Business

I am self employed .I have since moved from Githurai to Nairobi Town-the Central Business District better known us CBD.

We have setup a cyber business with a friend of which where we offer IT support for businesses around there and individuals ,Graphic and Web Design for Clients .We like it there since it is more convenient to meet with far away clients .We are planning to do everything at our disposal .The rent is a bit high but the opportunities are more than my earlier location .

Individually
On line I make 5,000 to 15,000 a month

Other Sources of Income from Our Offline Works amount to a minimum of 5,000 Ksh and upto 10,000 Ksh or more.

Thats a source of my income individually.My friends also has other sources of income from his existing ventures Which he makes more than 20 K a month.

The rent for the place is 14,000 Ksh. Internet Expenses are 4,000 Ksh and approx 2,000 Ksh So total expenses are approx 20K-22 K per month


Other Miscellaneous costs that come with doing all this business include repairing of computer accessories such as buying
mouses,cables, bulbs and repairing machines which fall from 500 to 5,000 Ksh a month

So on a bad month I can make make a profit of 10,000

On a Good Month I can make a profit of 20,000 Plus.

Loan Proposal

I sell movies at 50 Ksh and buy them at 20 Ksh per movie in wholesale.I want to increase the existing stock by getting more movies and updated ones.
I can sell 5-10 movies per day .This is not my primary business but I plan to make it so when I get bigger loans.I want to move to a move to a more busier location than I already am in

The lenders should support me since I plan to repay the loan soonest before the month ends hopefully in 2 weeks time so that I can get bigger funding.I have several sources of income that should facilitate paying of the loan.I am also an honest person and I plan to maintain this through out.I want to have long term business relationships with the lenders based on trust

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