Purchasing of mobile phones

Entrepreneur

About Me

My names are Michael Kangethe Kariuki I am 30 years old from Kenya. I am married and blessed with one child who is in class 1. I live in Makongeni estate approximately 5 km east of Thika town. After completing high school I started working as a casual laborer at building and constructions. During my working I managed to save in order to get capital to start a small business. After a couple of years of saving I managed to start a small business of buying and selling mobile phones accessories, the business I am doing up to date. I have always wanted to expand my business but I have been experiencing limitations due to lack of enough capital, therefore if I can find capital from other sources I can realize my business dream.

My Business

From my humble savings I managed to start a small business of buying and selling mobile phones accessories in Thika town. I source these products in bulk from suppliers at a lower price which enables me sell them at a good price and hence increase my sale and profit margin too. I have used the small profit I get from the sales to extend a mobile money transfer service (Mpesa Agent), buying mobile phones and airtime which has boosted my business and have drawn many customers. I will appreciate you, if you can assist me by lending me money so that I can expand my business further and also employ another person.

Loan Proposal

Dear lenders,
Thank you for my previous loan that enabled me purchase phone accessories which raised my sale up 25%. With this loan I am planning to add more stock of mobile phones since the demand from my customers has been very high.
When granted this loan this how i intend to use:-
1). 4 Tecno mobile phones @ USD 20 = USD 80
2]. 4 Itel mobile phones @ USD 18 =USD 72
3]. 3 Nokia 105 @ USD 16 = USD 48
This stock of mobile phones will increase my profit margin with 35%
Thank you for supporting my project.

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Loan Info

Lenders