Purchase second hand furniture for resale

Entrepreneur

About Me

My name is Joshua Muraguri Kinyuiro i was born 16th feb 1980,my Kenyan national ID No. is 21976608.I started my foundational education in a local school known as Mwariki primary school and i completed k.c.p.e after 8yrs i then i qualified and proceeded to secondary school known as Bahati p.c.e.a Secondary School.After 4yrs of learning i sat for my k.c.s.e exam and completed my O level.Then i qualified and proceeded to college where studied tour guiding coarse for three yrs.Then i went for internship for a period of 1yr.Then i got employed at a local tour firm for a period of 2yrs as a tour guide officer.Then i voluntarily resigned and i opted to start my own business known Legend Furnitures i sell old and new furnitures and av been in business for the last 9yrs.In conclusion am married to one wife and we are blessed with one son who is 8yrs old and currently in class 4.

My Business

My business is known as Legend Furnitures and i started the yr 2006,i deal with new and old furnitures.The furnitures are in demand in my local area coz if a new design comes the customers sell their old furnitures at cheap amount and they buy the new design furniture at profitable amount.because the furnitures are in demand in my local area and neighboring areas,

My costs include purchasing the furnitures both new and old,again the old furnitures require repairs on average the repairs ranges between 10 dollars to 80 dollars depending on the magnitude.
On average the business profits are between usd. 200 to usd. 300 depending on the month.The profits i get enable me take care of my family needs including feeding,schooling e.t.c

Loan Proposal

My business is known as Legend Furniture and i started the yr 2006,i deal with new and old furniture.
I target customers in my neighborhood who wants both old and new furniture e.g. tables,sofa sets, etc..Mostly customers come to my workshop and give me orders on the designs they want then i go to my field agents and ask them to source for people who are willing to sell to me the used furniture then i sell at a profit.

Right now i have an order for a dining set and the client is willing to pay $202 and my agents have found for me a seller who is asking for $112 thus having a profit of $90.Less $10 commission for the agents am left with $80.

The client has insisted that he wants many orders but has decided to test me with one order so that when he is satisfied then he can give me more orders.And am sure my business will increase tremendously from this order.

I will believe God will see me through this business opportunity so that my family and reap the benefits.

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