Michael
Thika, Kenya
100% repaid
Name
Michael
Member since
January 2015
On-time repayments
254 installments • 31%
My names are Michael Kangethe Kariuki I am 30 years old from Kenya. I am married and blessed with one child who is in class 1. I live in Makongeni estate approximately 5 km east of Thika town. After completing high school I started working as a casual laborer at building and constructions. During my working I managed to save in order to get capital to start a small business. After a couple of years of saving I managed to start a small business of buying and selling mobile phones accessories, the business I am doing up to date. I have always wanted to expand my business but I have been experiencing limitations due to lack of enough capital, therefore if I can find capital from other sources I can realize my business dream.
From my humble savings I managed to start a small business of buying and selling mobile phones accessories in Thika town. I source these products in bulk from suppliers at a lower price which enables me sell them at a good price and hence increase my sale and profit margin too. I have used the small profit I get from the sales to extend a mobile money transfer service (Mpesa Agent), buying mobile phones and airtime which has boosted my business and have drawn many customers. I will appreciate you, if you can assist me by lending me money so that I can expand my business further and also employ another person.
Hi lenders thank you for giving me an opportunity to become zidisha borrower. As i have stated earlier my business entails selling of mobile phones accessories and am therefore requesting for a loan in this platform. When i get this money i am going to use it as follows:-
1). 30 dollars for Mobile phone flip covers
2). 20 dollars for Memory cards (SD)
3). 20 dollars for USB charges
4). 30 dollars for Screen Guards
this will help me to increase my sales and rise my profit margin at approximately 40%. Thank you in advance for supporting my project.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jan 27, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.