Purchase more inventory for my shop

Entrepreneur

About Me

i am a young married man with 2 children . i never made it to continue with school due to poverty in our family so i only went up to class 8 my talent was mostly i wanted to be an electric engineer but my dream died due to poverty . i went to avillage polytechnic which igot some knowledge on electric wiring i got basic only so i decided to start a business on electric goods since in my village nobody had that vision my dream is to grow and assist my young brothers who are behind me get better education . imet afriend from zidisha who encoraged me to join mr obare and i saw my dreams come true iwant to register for adult education and pasue my education through my business zidisha help me please

My Business

MY BUSINESS ; i started my business some 4 years ago after my parents lacked fees to pay fees for my secondary education i decided to go to a village polytechnic where i did my some short course on electric wiring i had a talent of electricals and so decided to do it so that i could begin reparing electric goods for people like i looked round i saw the demand was big . sand people in my village use to take and buy electric materials from kisumu and siaya town so i so it good to bring the services near hence high demand and few competition in the market . my business picked i repair radios tvs computers and i also sell electric spare parts for the same . my daily income is around 1300/=profit my monthly sells are 39000/= after geting the costs like transport rent tax licence i remain with a profit of 21000/= this is what i normaly use to buy food pay fees and other small house needs. my risks are sometimes i repair iteims and my customers delay to pay me this affects my business.

Loan Proposal

I will use the money the whole money to purchase total of 145 us dollars to purchase phone accessories mostly phone chargers ear phones the demand for them is very high currently my ,this will increase my sales by 80% since most youth love using ear phones besides selling only phones.my target is atleast increase my weekly sales which will help me pay my loan faster

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