Loan build my phone shop inventory

Entrepreneur

About Me

I am 25 years old and come from a family of three - one sister and one brother where I am the first born. My parents are small scale farmers from Eastern region of Kenya. I relocated to Mombasa three years ago in search of greener pastures. I am hard working and honest and this qualities have brought me to where I am today from a very humble beginnings.

I did my secondary school education and later did an ICT course in computer maintenance and networking at the Technical University of Mombasa. After failing to secure employment after college, I decided to start a business where I sell mobile phones and related accessories.

My Business

My business deals with sales of mobile phones and accessories such as headphones, phone chargers and batteries. These items are in high demand due to digital explosion that the region is undergoing currently.

This has seen my business grow from strength to strength and I make a profit of about $300 per month. In spite of the relative success my business has made over time, I feel a little credit would increase the growth pace. With a loan of $150 I will be able to stock more accessories for my phone shop and I am sure I will make a good profit out of the increased sales.

Loan Proposal

This is my second loan application at Zidisha. I used the first loan to stock my phone shop with accessories and this boosted my sale volumes significantly. I have planned to venture into more lucrative phone sales and my first attempt is to stock low end phones which are very popular with the local masses most of whom cannot afford expensive phones.

if given this loan, I will spend it to buy a stock of 18 assorted phones which I am sure to sell within a period of two months. This will be a big boost to my business and it has always been my desire increase my sales volumes.

I will remain committed to repaying my loan on time since I have a long term plan with the zidisha credit. Thank you in advance.

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