After graduating with a bachelor of commerce, I decided to venture in self-employment instead of joining the endless list of job seekers. My entrepreneurial skills led me to start a business trading in computer spare parts and mobile phone accessories. This business enables me to meet my monthly financial requirements and leave me with a decent amount to save or pay a business liability like a loan. Some profit is re-invested in the business to ensure that there is continual growth. Through this profit plough-back, it has enabled me to increase my stock, growing from the initial phone covers to accessories and computer repair equipment.
As stated earlier, I am a youthful entrepreneur who makes a tidal sum of income. In our rural setting, many clients lack access to mobile phone accessories. Traditionally, they used to travel many kilometers to the main county headquarters. The same case applies to computer accessories. Thus, with few competitors within this region, the clients are flowing to my business, making me have good profits.
Typical monthly cost include rent of Ksh. 8000, electricity bill of Ksh. 2000, water bill of Ksh. 600 and labor/wages of Ksh. 10,000. This totals to Ksh. 20,600. My monthly cost of goods sold is about Ksh. 35,000 and total sales revenue is about Ksh. 86,000. This leaves me with a gross profit of Ksh. 30,400. I apportion this amount to Ksh. 15,000 for recurrent expenditure and the rest for saving and re-investment.
Dear Lenders,
Following the continued advancement in technology, I have seen it fit to advance in my studies. The desire to advance in my studies came about after realizing that there was a gap in the market concerning System/ hardware maintenance in my local area. Most people who are interested in such services travel for about 39 kilometers in search of them. In this regard, please help me bridge the gap in the market by helping me further my studies.
Loan to finance my masters class
After graduating with a bachelor of commerce, I decided to venture in self-employment instead of joining the endless list of job seekers. My entrepreneurial skills led me to start a business trading in computer spare parts and mobile phone accessories. This business enables me to meet my monthly financial requirements and leave me with a decent amount to save or pay a business liability like a loan. Some profit is re-invested in the business to ensure that there is continual growth. Through this profit plough-back, it has enabled me to increase my stock, growing from the initial phone covers to accessories and computer repair equipment.
As stated earlier, I am a youthful entrepreneur who makes a tidal sum of income. In our rural setting, many clients lack access to mobile phone accessories. Traditionally, they used to travel many kilometers to the main county headquarters. The same case applies to computer accessories. Thus, with few competitors within this region, the clients are flowing to my business, making me have good profits.
Typical monthly cost include rent of Ksh. 8000, electricity bill of Ksh. 2000, water bill of Ksh. 600 and labor/wages of Ksh. 10,000. This totals to Ksh. 20,600. My monthly cost of goods sold is about Ksh. 35,000 and total sales revenue is about Ksh. 86,000. This leaves me with a gross profit of Ksh. 30,400. I apportion this amount to Ksh. 15,000 for recurrent expenditure and the rest for saving and re-investment.
Dear Lenders,
Following the continued advancement in technology, I have seen it fit to advance in my studies. The desire to advance in my studies came about after realizing that there was a gap in the market concerning System/ hardware maintenance in my local area. Most people who are interested in such services travel for about 39 kilometers in search of them. In this regard, please help me bridge the gap in the market by helping me further my studies.