To expand my electrical shop

Entrepreneur

About Me

Kumi Patrick is my name.I come from Berekum in the Brong Ahafo Region. I started my basic school at Akab Complex School, i furthered my education from there to Duayawnkwanta senior high school. My parents are Mr and Mrs Kumi who are farmers by profession hence all my education cost was funded by their product earns from the farm. I completed my secondary education and furthered to due electrical engineering and due to my hard work, and the respect that i have for people i was employed in a store and began to identify the needs of the community. With the little savings made, i started my own electrical shop . My hobbies are reading and listening to music.

My Business

The name of my shop is Kay Electrical shop. I started this shop in my area because there a lot of people in that area and they will be needing electrical gadgets. Since I started this business, I can see that people are always at my shop purchasing. The main products are electrical cables, pressing irons, ceiling fans, bulbs and many others which people rush to my shop daily for these products. The main motive behind me choosing this business was that, everyone will need this in everyday life. If I invest let say $ 100 within a week I can get $43 profit because as soon as I bring the goods community people come in and purchase them. My business capital is small and I need money to purchase most of the products in order to attract more customers as far as the community population is concerned. The profit will also be used in reinvesting

Loan Proposal

When I receive the loan, I will buy products to stock my shop. Some of the products I will be buying are electrical cables, standing and ceiling fans, rice cookers and bulbs which people rush in to purchase every minute. I assure you that, i will use the money solely for it purpose in other to attract more customers and help grow my business in order to repay my loan. I count on the lenders to consider this my loan application in other for me to stock my shop with some important and needy products to be able to solve the needs of the community. I hope and know that if I get this money my profit margin will increase and will be able to generate a minimum of 41% profit within a week to payback the loan.

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