Restocking my accessories shop

Samuel

Nairobi, Kenya

100% repaid

Follow Samuel

How it Works

Entrepreneur

Name

Samuel

Member since

April 2014

On-time repayments

103 installments • 70%

About Me

I was brought up by a single mother, after sitting for my KCPE(was kept in school by well wishers), my mother was unable to take me to college. I had to do odd jobs like helping people with their baggage, at bus stops, to raise enough money to pay for a mobile phone repair course. this has helped me open a small stall where we repair phones and other electronics. we also sell various accessories. when am not working I like reading electronic eBooks on my computer.

My Business

My business is a stall where mobile phones and related electronics, mostly domestic are repaired. we also stock related accessories like mobile phone chargers, batteries, covers and housing cases. due to the technology growth rate in Kenya, I believe these are gadgets with high demand. since I was a kid, I have always had passion for electronics and hence the choice. Am also planning to seperate the accessory shop and the repair shop, to enhance working environment. In this business the typical costs are, stall rent, local authority permits wages for the technicians and utility bills like electricity. the business also caters for my family, one wife and a kid. currently am not paying any school fess, since my kid is a toddler but am sure in future I'll, hence the need to expand the business. i see this business as a pillar for my family.

Loan Proposal

Since I have the shelves in place, am now planning to stock them with accessories. The most moving items include, assorted mobile phone batteries@$90, powerbanks@$65, mobile chargers@$60, Led and energy saving bulbs@$90, electric wall sockets@$70, electric wall switches@$ 70. All these total to $445. This will improve the returns of the shop by about 15%. With this money I believe my business will continue being self reliant and also catering for my family. Also the life of those who work with me will improve significantly. This will help me realise my childhood dream, of owning a one stop shop for all mobile phones, electronics and electricals accessories.