Restocking my shop

Entrepreneur

About Me

I was brought up in a small family in the village with low incomes. I went to school upto form four. After school I joined a local college where I got a certificate in business administration. I raised funds from my relatives to start a small shop as opposed to employment. I have two kids schooling. I also support my younger siblings who are also schooling.

My Business

I own a small shop where I sell household items. Like plate, sufurias, cups, thermos flasks, basins, water buckets etc. This items are ideal for any household. Since some are necessities. I make sales of upto 250USD per month.
With good profits I am able to pay school fees for my children and my siblings. I am also able to cater for my family and pay house rent.
My usual costs are the county licence, business house rent, and electricity.

Loan Proposal

I wish to get funds to purchase new plates, cups, and thermos flasks at cost of 620USD. Which I hope to re sell immediately and purchase more within a short time.
This will provide variety of items for my customers to choose from. With improved products my profits will improve immensely from 80USD to 120USD, thus I be able to take care of my children and my siblings.
Their school fees will be paid in time, my electricity bills will be handled in time. And rent paid in time.

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Loan Info

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