Purchase and supply of electrical items/fittings

Entrepreneur

About Me

My name is Vitalis Kiplagat from nakuru county. I was born in Kabarnet,Baringo County.I am the Second born in my family of Three Brothers and one sister, i went to Kipkaech primary school for my primary education, I latter Joined Kituro High School and Later Kenya Methodist University.I started Being sales executive on commission basis at Nakuru Town,I started saving each and coin i received from my then employer,While on my daily duties one day i was told by certain Headteacher that they require urgently Electrical material worth KES.5,000, I came to town with the list of materials to be supplied,approached an Electrical shop owner in town to give me the supplies and keep my phone in exchange until i payback,Lucky enough i was given supplies worth Kes.2,130 later i took to school and given Kes.5,000 from that time i realised Electrical material fetches 100% profit and started,Though without shop.

My Business

I deal with Electrical and Hardware materials,Following current rate in real estate these materials moves faster,Also these goods fetches 70-100% profit,where 30% goes to transport and 20% goes to government Tax and 2% staff,Meaning Profit after Tax will be roughly above 20%,I use 50% of the profit for investment and 50% in school fees,Daily family needs

Loan Proposal

This Loan will assist me finish an Electrical installation project costing USD 235,From this I will manage to get 70℅ of total expenditure as profit after 2 weeks from the date of disbursement.

My expected profits is about USD 164.5,The works entails supply,Installations and commissioning of Rural electrification in Rurii location,Bahati,Nakuru.

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Loan Info

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