Purchase of New Laptop for Business Use

Ralph

Block 10, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Ralph

Member since

April 2015

On-time repayments

301 installments • 66%

About Me

I am a Ralph Keter born on 26th march 1987 and the only son in a family of nine; my mother, seven sisters and I. I was born to a single mother who brought me up and educated me. I have seven sisters, I am the fifth born, at the moment I have five sisters after we lost two due to illness. My early life has been like for any ordinary kid born to a simple African family with no much to boast for. Apart from the challenges of a single mother family I had a normal and to my standards a happy life.
Our mother did all she could to ensure that we got the best education that she could afford as much as possible. Personally I went to primary school then went to a minor seminary and finally joined Moi University for my Bachelors Degree. At Moi University I did a course in Business Management where I specialized in Purchasing and Supplies Management. After university I was able to engage in small contracts here and there and at the moment I am a tutor at Alphax College Eldoret where I have been teaching for the last one year.
I have a family of my own of four; I, my wife and two kids. I have been doing all the necessary to provide to them the best I could and because of the challenges I went through while growing up, the I have been able be innovative enough and venture into business to be able to boost my income so that we don’t lack the basics. While growing up I was forced to learn how to survive on my own so that I could not bother my mother who was struggling to educate us on small things like upkeep money. I learned to do small businesses while in school like selling biscuits and sweets so that I could earn a little money for myself.
I love business and at the moment I am working on expanding my business so that with time that can be my full time job. This is because I love doing it and since I started doing it has never failed me.
my children always want to be people of leadership and their different fields and i strive to give them the best educations so that their dreams may come true.
At my free time i love taking time to be with the youth so that i can share with them my life experience and encourage them to move on and avoid things that could affect them in life like drugs and bad company.

My Business

I appreciate the achievement i was able to gain from the previous loan. currently i have a retail shop to supplement my income.
It is a two months old business, however I need more funds to have it well stock with all the goods needed by my clients.
Based on how the sales have been for the last 3 months, I can say that the business is able to give a gross profit of Kshs. 1200 per days.
I got the last facility of kshs. 19,000 which I really appreciated. The amount however was not sufficient to meet the budget.
As at now I require additional Kshs. 50,000 to enable me to stock more cereals and also have a separate electricity meter.
I am also employed with a stable monthly income and your support will be highly appreciated.

Loan Proposal

The loan is to top up on the amount i have so that i can be able to purchase a laptop to be used for both my business and research activities.
Currently i am using a desktop which is not potable hence making it difficult for me to operate outside the office.
I will really appreciate if i will be funded to acquire it, this in turn will help improve not only my own living standard but also for the people who depend on me.