Loan to build my hardware store inventory

Entrepreneur

About Me

My name is Jared Were. Born in Nyanza region of Kenya but later moved to Mombasa - a coastal town in Kenya. I come from a family of 5 - my two parents and one brother and 2 sisters.

I went to school up to secondary school level and I have also done some computer training. I am hard working and honest person and I always work hard to achieve my goals regardless of the odds. These qualities have brought me to where I am but I am still aiming to go higher and higher.

I am also in group activities and I like mobilizing to do various activities like cleaning our streets and caring for environment. I also like to participate in church activities like counseling the youths and young adults.

My Business

p lenders understand your business or the source of income that will be used to repay the loan. Please use your own words. You should explain:

What goods or services do you provide?
Why are these goods or services useful or in demand?
Why did you choose this kind of business?
What are your typical costs and revenue?
How do you use the profits - school for your children, reinvestment in growing the bu
p lenders understand your business or the source of income that will be used to repay the loan. Please use your own words. You should explain:

What goods or services do you provide?
Why are these goods or services useful or in demand?
Why did you choose this kind of business?
What are your typical costs and revenue?
How do you use the profits - school for your children, reinvestment in growing the bu

Loan Proposal

I run a hardware store in Mombasa town. I mostly specialize in selling plumbing materials to contractors. I deal with a wide range of plumbing materials such as pipes, taps, and bath tubs. I ventured into this area due to their high demand in this area which is currently undergoing a construction boom.

Given credit, I will be able to add more stock especially indoor taps which are currently in high demand. I will be able to serve my clients continuously without interruptions when my stock runs out. One such tap costs $4 and with a $150 loan, I will be able to buy 1dozen of the same. which will last me for one month. My business generates income on daily basis and that is why I have decided to make high weekly payments because it is within my ability.

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