Phones and accessories to increase stock

Entrepreneur

About Me

My names are peter kagiri ndiritu im 26years old. I have learned up to secondary school and passed the exam,l have done accounting and also IT.I was employed in 2011 and worked for one and a half years. After getting some capital I started a small business and it picked very well because that area is very productive and up to know its still growing.

My Business

I sell mobilephone and accessories. These products are movable in my area because today's generation is using phones due to technology.This type of businesses have little competition in our area so the profit margin is high.The profit I get I return it to the busines and the rest I use to cater for my family.

Loan Proposal

Once the loan is disbursed I will use. 5 dollars -buy the cheapest mobile phones which are on demand in the market.1 dollar- buy earphones,1.5dollars- buy memory cards. 1.2dollars-buy phone batteries .0.8dollars buy Chargers .0.5dollars -buy lines and sim replacement. This stock will help my business to grow since more customers will be attracted to my business since I will be having a lot of goods that they were not getting before. This will bring more profit in my business .My expectation for the profit is 30-50%.I will be very grand for a positive feedback of my loan application.

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