Increase stock for electronics business to pay for my education

Hamstone

Nairobi, Kenya

Funds disbursed

$0 to go

100% funded of $50 goal

days left

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How it Works

Entrepreneur

Name

Hamstone

Member since

May 2015

On-time repayments

8 installments • 0%

About Me

I was born in 1994, in Ngira village,Migori district. my business house number is MP/37,beside KENYA WOMEN FINANCE TRUST bank, off Sori secondary school. I was raised up in a family of two. Both my parents died when when i was in high school. I started schooling at Kayara primary school, then headed to Kanga high school. I later joined university of Nairobi where i undertake bachelor of Science, mathematics.
Throughout my education i have had difficulties in raising my school fees. When in high school it even forced me to call off for sometime before i was allowed to sit for my final exams. Currently i have been discontinued from the university due to school fee areas.
my hobbies are, singing, playing basketball.

My Business

Through motivation from my cousin i decided to join the business world. We used to sell second hand shoes which only served food and clothing purpose. The business can only do well in large quantity because they are only sold properly during the first three days of arrival. From this business i only got my admission fees to the university.
I later joined selling of electronics; radios, woofers, dvds, tvs, tv aerials and dishes. This is a trending business and the people from my area love to be entertained, this iswhy i decided to bring the service at their door step.I started by selling beside the road before i later moved to a house. The rent for the house is K sh 2000 per month. The government tax for the business is 3,500 K sh which is variable. When i get the loan i will increase the stock since it is a trending business. The profit from it i will use in repaying the loan and also for my school fees and that of my brother.

Loan Proposal

when i get the loan i will increase the stock for the business.i will use the money in bringing more radios,woofers,dvds,tvs,dishes,wires. the dvds cost ranges from $ 25-45, the price for radios is$10-18 the price of one woofer costs $50. the price for one full satellite dish and decorder is $75.The profit from the sales of these i will use in repaying the loan and also for paying school fees, for me and my brother. I will also use the money for buying revision materials for my education.