Inventory for airtime supply

Entrepreneur

About Me

My names are Edgar Towers, and am the 4th in a family of five and i was raised by both my parents and we grew up with our siblings together. I lost one of my brother in the year 1996 but the rest of my siblings are ok and healthy. I had to strive hard to reach where i am right now cause finishing school and having to survive in the city of Nairobi was quite a challenge. I raised my first capital through borrowing from friends and i had to partner up with my former classmate from high school. Am still single but am already engaged so i am looking forward to wed the love of my life late this year. My favorite hobbies are reading novels, traveling, hiking, camping, watching soccer (am a Chelsea fan) and swimming.

My Business

My business is registered under the name Android Stores Limited and is located in Nakuru. I mainly deal with purchasing and supplies, distribution and service outsourcing. My main source of income is from my supplies and service business. I mainly deal with stationary and software installation. Stationary has turned out to be one of the basic necessity since there is increase in population and in the number of students enrolling to acquire education. My main costs are purchases and my source of revenue is sales in form of profit, which use it on trying to grow the business and as well cater for my day to day need.

Loan Proposal

The Inventory for airtime supply will be used to buy float for my customers and will help me increase my current float limit. My main benefit from this is that i will now increase my float limit from the current range of 25,000/= to roughly about 30,000/= that is if my loan will be approved. To my customer i will be able to meet their need without necessarily having to worry about my float limitation. I expect this loan to help me gain at least 500/= from every transaction i make as i aim to grow bigger and better.

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