Kevo can spend the 20K loan to grow his business by using the following strategies. The first thing he should do, is split the money by half. And this is how he will allocate each 10k.

1. Expand the product range: For the first 10k, he can expand the product range offered by his business. For instance he can introduce new accessories such as, smartwatch bands, power banks, phone charger to cater to a wider range of customers.
2. Marketing and advertising : Kevo can allocate the other half in Marketing and advertising to increase his products visibility. For instance He can use google ads to drive traffic, or even social media advertising.