Inventory of cables to install electricity in homes

Entrepreneur

About Me

My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.

I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.

I made savings which enabled me to open a small electrical shop which I am running to date.

I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.

My Business

My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.

I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This is the main reason why I started this business since I wanted to get a market share of the boom.

I make a profit of about $380 which I use to support my family and also for business expansion.

Loan Proposal

The construction sector is undergoing a boom in my city of Mombasa. There are numerous building coming up all around town. I have done my study and there is a high demand for electrical cables here in town and also in rural areas since the government is very keen on rural electrification.

I want to position myself well by having a good stock of common installation cables to cope with the demand. If loaned, I will spend all the money from this loan to buy an assortment of cables which I will then retail from my shop. My profit margin is normally 30% and I want to benefit from this rare boom.

Thank you and I am optimistic that you will fund me.

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