Add flash disks & memory cards worth 12,000 to my stock

Entrepreneur

About Me

My name is Joseph Ngunjiri, entrepreneur at JODA SOLUTIONS, The business operates in Nairobi and Nanyuki. The business is dynamic but mostly it deals with computers, networking, computer accessories and related services. I am a young energetic individual who is always driven by passion of excellence. I am a Industrial Engineer Graduate from Moi University but my desire and passion has been in the business sector. Since I left College, I have been doing business of which I am proud of. The challenge is the little finances that I do usually have but through wise decisions and setting priorities, the business has thrived for the last 10 years.

My Business

My business (JODA SOLUTIONS) engages in supplying computers, computer accessories and their maintenance as well. In addition, it also offers computer and related services like cyber cafe, printing, scanning, designing, photocopying, binding, etc. The business is small scale but self sustaining. Currently due to the covid-19 pandemic, people are advised to work online and this has boosted my cyber cafe business. In response to this I need more computers to serve more clients. Therefore, the loan that I will get will be used to buy 4 more computers which costs Ksh. 92,000 but I will be able to raise kshs 30,000 inorder to have the computers by end of July 2020. The average monthly revenue is Kshs. 114,000 while the running costs are approximately Kshs. 78,000.

Loan Proposal

When I get the cash I will use it to purchase flash disks and memory cards worth kshs 12,000. This will increase my stock considering that they are of high demand in my work place, these products currently have a profit ranging from 50% - 60% of the cost. I therefore urge the lenders to consider me and fund my project.

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