Inventory of electronics and electricals for my shop

Entrepreneur

About Me

I am Solomon Cheruiyot, the third born in a family of eight. I am married and a father of one. I was born and brought in a poor family background. This made my education become very hard but by the grace of God, I managed to complete my Primary and Secondary level with the Help of well wishers and the government bursary. After form four, I went to college where I did Diploma in Business Management. I was employed in a supermarket located in Kitale town as sales representative where I work up to date. From the savings I got from my salary, I started an electronic shop to increase my earnings for better life. I have employed two staffs who assist in the running of the shop. I use the profits and part of my income to pay staffs, rent, electricity bills, pay school fees for my daughter and my younger siblings as well as expand my business. My hobbies are; reading financial magazines, watching documentaries, watching movies and listening to music.

My Business

My shop is located along Kenyatta Street. I deal in; television sets, DVDs, decoders, computers, radios, electricals, antennas, printers, and accessories. I started my business in the year 2011 after saving a capital of $400. Since the shop in the centre of the Town, I enjoy the high demand since most population comes to by their items in town especially electronics. Due to my business skills I have taught my staff on how to relate with customers my business has run smoothly. My total profit incomes amount to about $200. From the profits I get I use in expanding my business and pay my staff. I am aiming in majoring in Laptops and computer sales since Kenyan people have embraced technology.

Loan Proposal

When given the loan, it will help me buy more electronics and computer accessories which will expand my business and increase the number of customers who come to buy from my shop. in so doing, my profits will increase and i will be able to invest more in computer accessories which is in high demand.

My estimated budget
electronics -Kshs. 4,500/=
electricals- Kshs. 4,000/=

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Loan Info

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