Loan to purchase phone unlocking and flashing equipment

Entrepreneur

About Me

I started a phone and laptop repair business while still pursuing a diploma in Computer information technology at the Jomo kenyatta university of Agriculture and technology due to the passion i have for technology devices. I furthered my skills by joining a technical college, Fourth Dimension college where i perfected my skills on the same. The reason why i decided to venture in business is because i wanted to earn an income in a society where securing a job is challenging.

My Business

My business offers services in laptops, tablets and smartphone repairs and upgrade. i replace broken screens and do software upgrades for the devices. my services are in demand due to the fast changes in technology where such devices are very delicate and break easily and software for the same keep changing which requires constant upgrading. i ventured into this business because of my passion and also because its the career choice i took in college. the main expenses include purchase of parts like touchscreens, internet and rent. the revenue from my services is relatively good mainly from the charges and also selling computer and phone accessories. i use the returns from the business to expand my business, pay my bills, like rent and am saving to go back to the university and take a degree in IT.
I will use the loan to acquire a phone flashing and unlocking equipment that costs approximately Kshs.10,000 and that can support the latest smartphones and tablets

Loan Proposal

I plan on using my loan to add to my savings in order to purchase a phone unlocking and flashing equipment for my mobile phone and laptop repair business.
the equipment costs a total of $109.34. Having my own equipment will make my operations convenient and cheaper because i will no longer have to outsource the services which costs me quite a lot.
i project to increase my profit margin by over 50%

Feedback

Loan Info

Lenders