Stocking my electrical shop

Entrepreneur

About Me

I had a great plan for my future,soon as I was done with my K.C.P.E and K.C.S.E exams where I passed with a B plain. Failing to secure a place in university, I opted to do Electrical installation. After obtaining a certificate I was at it again, this time obtaining a Diploma in Information Technology.I was able to get a short term employment but after It was done I tried to secure another employment to no avail. This made me to revert to my passion in electrical installation and repair. I have done this for about 2 years now.The uniqueness of the society I live in is that they believe in working hard for survival and laziness is a serious offense. I have a little daughter who is yet to get into school but I would like her to grow to be a hardworking engineer. During my free time, I play football,programming,surfing and watch a few football matches.

My Business

My industry is service industry. I do sell electrical fittings,repairs and installation . My field is ever expanding as economy grows.This means that people are building more houses thus requires my goods and services. I chose the business ,firstly it was my passion in early childhood and secondly I saw a business opportunity.my costs are mostly through buying of tools,overalls and electrical fittings and ducts. I use my profits for my own growth and business growth through reinvesting.

Loan Proposal

Now that the business can comfortably pay for it's own expenses thanks to lenders from this great community. I will invest all the amount in stoking my electrical shop. Mostly, I will use around $15 to purchase florescent fitting and tubes,another $15 to purchase double and single sockets and around $10 to purchase bulb holders and coaxial cable. The rest $8 I will use it as means of transport and lunch. This will give my shop a boost in profit since I will have almost all fittings that has demand.
The profit margin will increase due to increased variety of fittings that will be in stock.

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Loan Info

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