I will use fifty dollars to renovate my place of work and 100 dollars to buy phone covers and the other 100$ to buy batt...

Entrepreneur

About Me

I come from an extended family which consists of many siblings. I have one parent(mum)dad passed on some years back. I live in kilifi county at a place called Mtondia, Am a teacher cum businessman based here in mtondia. I operate a video library and an electronic shop. I studied up to form four and later went to a teaching college here in kenya. I will use the earnings expand my business. the loan which i took before from the golden key benefited me alot to an extend where by i manage to open an electronic shop. I thank God that the business is running well where by i can pay the rent and my workers and still earn a small profit as a savings. Iam kindly requestingfor a loan from your financial institution in order to be able to expand my electronic shop. I believe it can do more than better if i get a boost and increase the spare parts and add some stoke of electronics. As per the current economy the cost of purchasing electronics items have really gone up. I have a dream of expanding the business and make it one of the best in town i believe everything is possible to God. I want to add new and lattest movies so that my customers will see the movies and satisfy themselves and appriciate my video library

My Business

My business is registered. It is also located in a good locality where i have a good access to my customers. The service which i do provide are mainly for recreation. Despite the fact is that there is a competition. My customers prefers my business because i satisfy their needs. I do communicate with them politely and am always ready to listen to their criticism so as to to improve and meet their satisfaction. The profit is profitable because after purchasing and selling the items i earn a profit which am able to save and the same time continue running it. The risk which my business faces are many such as illiteracy. Some people are not educated hence they do not bother watching movies or listening the audio cds. other risk is piracy getting fake items in the market which some times do not meet the expectations of my customers. I decided to open this business because there was my young brother who knows how to repair these electronics and he was jobless by then thats why decided to open this business. I thank God that the started as a joke but now things are not bad. After the sells of a day i earn a profit of 3 to 4 hundred a day after removing the expenses of aday. I manage to pay the previous loan and i dont think i will fail to do so. Kindly am looking towards you to boost my business.

Loan Proposal

Iam somehow ok. My first loan helped me alot although there were some financial broblems but I put all my effort and completed the repay. I wish to renovate my place of work and add some electronic goods that will made my business go well. I planned to use 50 dollars to renovate my place of work and use the rest to add a stock of electronic goods. ill use 100$ to buy some phone covers and the other 100$ to buy phone batteries and 150$ to buy some spares so that I will serve my customers with out broblem. I will be more happy if you will consider me. Thank you.

Feedback

Loan Info