Inventory purchase for autopaint sales and services

Entrepreneur

About Me

My name is Lydiah Wanyara, 28 years old, a single . Am the first born in a family of four, born and raised in Nyeri county. I am self motivated and focused to achieve my goals. Am currently in autopaints sales and services business focused to support my 3 siblings.
I started my education in kerugoya primary then later joined Kabare girls. In 2012 i joined Karatina University for a degree course in Bachelor of commerce . For the past four years i have been offering autopaints sales and services a at Karatina town in Nyeri County. I use my business proceedings to support my siblings as well as maintenance in my business.

My Business

My business has two major sections. Autopaint sales and auto repair services. It is located at Karatina town, Nyeri Nairobi high way, next to Karatina stadium. As a way of giving back to the society I started auto repair training to youth in the community. we offer practical skills needed to the youth to enable them earn a living. This entails panel beating, spray painting and mechanic skills at a subsided cost. In addition i offer Auto paint sales to garages in karatina town. s my business niche focuses impacting skills to form four leavers as they wait to join colleges and other institutions.
My business goals include
1. To establish a profitable and sustainable business in autopaints
2. Offering the best Auto paint to customers.
3. To be the leading autopaint sales and services provider.
4. To reach out to 20 youths every year.

The business unit generates an average of 8000$ per year. Part of this income is used to support my family while the rest is used in the business as the working capital. The main challenge facing my business currently is limited space, inventory and equipment to match with upcoming technology.

Loan Proposal

Since my business is in a busy town, i am focusing on offering the best auto paint sales and services. I need to upgrade my equipment for my learning unit and add stock for Auto paint sales.The business is currently well since it is the only one in this line and demand is high. Business has been good but I would like to make some few additions.
Restocking stationary
I intend to use my first loan on Zidisha to increase my Autopaint stock. My budget include:
5 fillers @ 1600 total 8000
Sand papers a roll @ 5500
10 thinners @ 12000
Business expansion equipments
Buffing Machine 10000
welding machine 12250
Battery charger 25000
Total 72750
As per the budget, the amount needed in my business is huge (72750 KSH) . I intend to use some of personal savings and working capital to add the amount given. I plead with Zidisha lenders to support me. In future, i intend to expand the service unit by adding more equipments to accommodate more students. i also intend to upgrade my training unit equipments to match current technology in future.This will attract more costs such as trainers remuneration as well as operational cost. funding this project will support me to expand my business since my market niche is very promising.

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