Loan for stocking electronics parts for my repair workshop

Vincent

Thika, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Vincent

Member since

May 2015

On-time repayments

20 installments • 40%

About Me

I was born i thika town in Oct 25 1986 in family of three I being the first born. i went to General kago primary school and broadway mixed day high school all in thika town.
i could not enroll for college due to lack of funds. therefore i had to look for casual jobs and first casual job was at bakex ltd for 8 months. i later left and applied another at Dune packaging dealing with manufacture of polythene papers.
i worked for one year. meanwhile i took a part time course in computer maintenance and electronics.
later on i applied a job at a small micro finance in Thika and i worked there for an year as an IT manager and data entry officer in which i gained experience and exposure in how to run a business.
i a business in electronics repair business in Jan 2014.
i have been working in this business since and have been able to support myself and my family.

My Business

after working in employment for a long time i decided to start my business in Jan 2014
in a field i was well familiar and conversant with that is electrical and electronics repair and sale. since then i have been able to fiend clients and to market my work though not to the best.
I started by working from my house but after 5 months I got a workshop which i pay a rent of ksh 4500.
the location of my workshop is at Johanna center 3rd floor room 303. in Thika town along Kwame Nkrumah street opposite central business stalls.
I do all electronics repair from household items to office.
generally the revenue has been between Ksh 30000 and 50000per month and rent 15000/- per month
i use the profits to feed and take care of my family that is my wife and son.
more importantly to invest in more electronics.

Loan Proposal

If i get this loan am going to buy 3 hot air machines which will cost$70 each and will help me to repair an electrical item with an on board surface mount components. and sell the rest to the electricians around since it is a common gadget that is in demand with electricians.
I will buy ironing 5 guns which will cost @ $20 each for use and selling.
this two items will i increase the profit by $30 per week and will make me increase my stock and spear part stock.
am hoping you will grant me the loan