I will use this loan to increase my stock so that i use most of my time doing business instead of using it travelling an...

Entrepreneur

About Me

My name is Simon Ndirangu And I come from Nakuru Kenya. I am have been working as a teacher until recently when i resigned to work as a businessman full time. I currently deliver and sell airtime to retailers and in the process make a 2.5% profit. I am currently selling about 30000 worth of safaricom airtime. My challenges are my means of transport and the fact that i have only access to safaricom airtime. I would want to start selling other denominations hence increasing my sales, profits and also attracting more customers. I also intend to increase my safaricom stock and buy a motorbike for delivering my products

My Business

My airtime business rakes in about kes 750 per day. Minus the expenses such as transport to town and back, I am left with about kes 500. This translates to about 13000 per month. My customers prefer me to the competition since they know that I have worked as a teacher in a nearby school. They therefore know me and trust me more. The competition however have other varieties of airtime and so they sometimes sell in my territory. The loan I am taking will allow me to add at least one other variety of airtime hence making my business work better.

Loan Proposal

Let me first the lenders for making this program a success. I will use 90% of this loan to add safaricom stock and the other 10% to add airtel stocks. This will enable me to increase my profit margin as well as spend more time in my market. I believe so much in my business and i don't think anything can stop me now. Thanks for your continued support.

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