Stocking affordable secondhand laptops in rural town
Edith
Gilgil, Kenya
100% repaid
Entrepreneur
Name
Edith
Member since
January 2014
On-time repayments
140 installments • 51%
About Me
After graduating with a bachelor of commerce, I decided to venture in self-employment instead of joining the endless list of job seekers. My entrepreneurial skills led me to start a business trading in computer spare parts and mobile phone accessories. This business enables me to meet my monthly financial requirements and leave me with a decent amount to save or pay a business liability like a loan. Some profit is re-invested in the business to ensure that there is continual growth. Through this profit plough-back, it has enabled me to increase my stock, growing from the initial phone covers to accessories and computer repair equipment.
My Business
As stated earlier, I am a youthful entrepreneur who makes a tidal sum of income. In our rural setting, many clients lack access to mobile phone accessories. Traditionally, they used to travel many kilometers to the main county headquarters. The same case applies to computer accessories. Thus, with few competitors within this region, the clients are flowing to my business, making me have good profits.
Typical monthly cost include rent of Ksh. 8000, electricity bill of Ksh. 2000, water bill of Ksh. 600 and labor/wages of Ksh. 10,000. This totals to Ksh. 20,600. My monthly cost of goods sold is about Ksh. 35,000 and total sales revenue is about Ksh. 86,000. This leaves me with a gross profit of Ksh. 30,400. I apportion this amount to Ksh. 15,000 for recurrent expenditure and the rest for saving and re-investment.
Loan Proposal
Given the loan, I intend to stock second-hand laptops. I have noted that there is an increase in demand for laptops, as most of my customers inquire about them often. Having done the feasibility studies, I am sure that the sale of laptops will surely open doors for me. The reason why I have opted to invest in the sale of laptops is because, being based in a small town, most people within my locality travel for approximately 50 kilometers when in need of laptops. By bridging this market gap, I have no doubts that my business will achieve a higher profitability. Please help me achieve my dream.
About Me
After graduating with a bachelor of commerce I decided to venture in self employment instead of joining the endless list of job seekers. My entrepreneurial skills led me to start a business trading in computer spare parts and mobile phone accessories. This business enables me to meet my monthly financial requirements and leave me with a decent amount to save or pay a business liability like a loan. Some profit is re-invested in the business to ensure that there is continual growth. Through this profit plough-back, it has enabled me to increase my stock, growing from the initial phone covers to accessories and computer repair equipment.
My Business
As stated earlier, I am a youthful entrepreneur who makes a tidal sum of income. In our rural setting, many clients lack access to mobile phone accessories. Traditionally, they used to travel many kilometers to the main county headquarters. The same case applies to computer accessories. Thus, with few competitors within this region, the clients are flowing to my business making me to have good profits. Typical monthly cost include rent of Ksh. 10000, electricity bill of Ksh. 2000, water bill of Ksh. 700 and labor/ wages of Ksh. 10000. This totals to Ksh. 22700. My monthly cost of goods sold is about Ksh. 48,000 and total sales revenue is about Ksh. 101000. This leaves me with gross profit Ksh. 53000. I apportion this amount to Ksh.15000 for recurrent expenditure and the rest for saving and re-investment. However, I expect this to change drastically by adding more stock to my business, I also intend to diversify my business to also cater for computer classes with an aim of increasing my business income.
Loan Proposal
Given the loan, I Intend to stock second hand laptops. I have noted that there is an increase in demand for laptops as most of my customers Inquire about them often. Having done the feasibility studies am sure that the sale of laptops will surely open doors for me. The reason as to why I have opted to invest in the sale of laptops is because, being based in a small town, most people within my locality travel for approximately 50 kilometers when in need of laptops. By bridging this market gap, I have no doubts that my business will achieve a higher profitability. Please help me achieve my dream.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$418.00
Date disbursed
Apr 6, 2015
Repayment status
On Time
Projected term
9 months
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