Soldering toolkit for mobile phone maintenance and repair

Entrepreneur

About Me

I am a young Kenyan part time accounting student and entrepreneur. I am from Western Kenya, where I was born, raised and schooled up to high school level. After completing High school, i moved to Nairobi to find work as I planned to start college. I did some manual labor for a year, using my savings to buy a computer machine and a mobile phone repair toolkit. I then started a mobile maintenance and repair business with some little training I had acquired at a friends shop. This is the main business activity I engage in while living in Nairobi. I'm also a part-time CPA (Certified Public Accountant) student at Kabete Technical Training Center a few minutes from Kangemi, where I live.

My Business

My business involves the repair and maintenance of mobile phones, tablets, and other hand-held devices. Besides servicing and maintenance, I sell SD Memory cards, screen guards and batteries. The business is more service oriented. I load music and videos on the phones at a fee. These services are in demand because, mobile phone penetration is very high in Kenya. Many people have the mobile phone as an important aspect of their businesses and lives. I chose this business because it is financially promising and interesting. Considering the fact that the Nairobi population is mostly youthful, there is an abundance in the market for the business. Monthly, I spend 10,000 (100 USD) on spare parts and stock. I spend an additional 4000 shillings ()40 USD for my Kiosk rent. Repairs and multimedia oriented services bring in averagely 15,000 shillings while spares and items (SD memory cards, Screen guards, batteries) sales yield averagely 18,000 shillings (180 USD). This is approximately Ksh.33,000 (330 USD) gross income coming to a net of Ksh.19,000 (190 USD). I use my revenues to pay rent for the Kiosk, some for school fees of my accounting course, personal effects and I save a substantial amount of the rest (Averagely 6,000 (60 USD))

Loan Proposal

i would like to purchase a Hot Air rework Soldering Station which i will use for soldering when servicing mobile devices. I currently used the traditional Temperature soldering Iron which is not optimal in its perfomance. The new Hot Air rework soldering station will help me improve my throughput, ensuring better quality work and higher income. I expect the servicing, maintenance and repair services to increase by a margin of Ksh.5000 (50 USD) since i'll be able to complete more jobs than i currently can. This will also ensure that more people get served and go back to enjoying the service of their devices. The Soldering Toolkit costs 10,500 (98 USD). With the loan, I will add the remaining Ksh.5000 to get the machine. Funding is highly anticipated and will be appreciated with the same breadth.

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