Inventory for my electronics shop

Entrepreneur

About Me

Iwas born in 1979, at Shabaab area of Nakuru county. I went to Muslim primary school, S.T Xavier’s High school, Nyanchwa T.T.C and just graduated from Kenya methodist university, Nakuru Campus. I’m also a teacher at Maaimahiu primary school. I started by running a cyber café at Maaimahiu town next to the lorry parking. I started the business from my little savings a year ago. However, with the advent of smart phones and free wi fi, the business was not so good. One year ago I set up a small hotel with the chairs I bought with my first loan. However early this year in February an ownership tussle emerged between the owners of the place. We had to vacate. I did not give up and I now own an electronics shop. Im married and a father of one daughter. I live at Maaimahiu town next to the main market at plot no. 12 a green storeyed building house number 9.

My Business

I started the business, Blessed electronics, twelve months ago. My wife runs it while I’m in school. I assisst during the holidays,weekends and in the evenings. It has helped to give me some alternative income though little. The shop has a mixture of a few electronics and electrical goods.The first two months were a challenge in terms of sales and even raising rent. Right now customers are trickling in and am sure in due course I will make it. I discovered that an eatery cannot be run when one is away. However with the shop, I just need to stock take and thus can manage it easily. In a day we make 2dollars profit. This maintains my family and clears other bills. I plan to move business to the next level by having a variety of góods.

Loan Proposal

With the loan I will add more stock to my shop. I will use 50 dollars to buy an assortment of torches, mobile phone chargers and accessories. The remainder about 45 dollars will enable me to buy electrical appliances like bulbs, switches and sockets. This will improve my sales and increase my customer base. I will plough back the profits and I hope to have a fully stocked shop by year end. I will also keep to my repayment schedule and all that appertains to this loan.

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Loan Info

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