Supplying laboratory equipment to school science labs and health clinics

Entrepreneur

About Me

i am 26 years old. am a graduate of bachelor of science in industrial chemistry from Kenyatta university. I am a hardworking person who is committed to what he does. I am the second born i a family of seven. i come from a humble background and usually look upon my younger brother and sister. I am currently engaged in the business of supplying laboratory equipments to schools and hospital laboratories. I believe that success comes from sacrifice. Currently i live in Wendani kahawa along thika super highway.

My Business

currents i own a business which specializes in supplying laboratory equipments and raw materials to secondary schools around nairobi. the business also supplies private hospitals with laboratories around nairobi. the business offers free transport for goods bought. this acts as a competitive advantage against competing businesses. currently i have intensifier the search for new customers through advertisement even outside nairobi. this has been fruitful since i have received a few new orders. the problem is that am currently running low on my inventory. i am currently waiting for the payment on already delivered orders. i therefore need a loan to help me purchase new inventory to meet the new orders. my business is able to make sales of about Ksh 40,000 in two weeks which leaves me with a profit of around Ksh 10,000. this profit will be used to repay the loan.

Loan Proposal

I have a small business for supplying laboratory equipments to secondary schools around Nairobi metropolitan area. The business also supplies the equipments to clinics with laboratories around Nairobi. Currently i have supplied many orders which came during the same week. This has reduced the business inventory such that some four orders are currently on hold. This is also because the already delivered orders takes time to be paid, since these schools need to write a cheque which must be signed by signatories before it is received. The business also supplies laboratory chemicals to secondary schools. I recently also paid the school fees of my smaller brother which has reduced my capital for stock. I therefore want to use this loan to purchase more stock to be able to attend to the pending orders which are due in one week. Usually i make sales of around Ksh 43,000 in 15 days which leaves me with a profit of about Ksh 8,000. I will therefore use the profits on unpaid orders to pay for the loan. I will also repay the loan even before the intended time when my profits are not demanded by other needs. I will therefore highly appreciate your assistance since on-time-delivery has enabled my business grow. Thank you.

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