A loan to boost my mobile phone accessories inventory
Christine
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Christine
Member since
December 2014
On-time repayments
53 installments • 58%
About Me
I am Chistine Wanjiru Yusuf, born in Thika near Nairobi in a family of three – all girls. I come from a poor background and I grew up without any luxuries. I went to school up to secondary school but I could not further my education due to lack of funds.
Due to serious poverty at home, I decided to move very far from home to Mombasa which is more than 500 kilometers away. With about $2, (yes 2$) I bought sweets and balloons that I started hawking on the streets of Mombasa. I was lucky to get accommodated at church where I stayed for 2 months and then rented a small house.
I did hawking business amid harassment from the local government and finally saved enough money through merry-go-rounds and other initiatives and opened a phone accessories shop. I also enrolled for a part-time computer course to bring myself up to date with ICT.
My Business
I buy and sell mobile phone accessories in my small outlet in Mombasa town. I deal with items like phone batteries, earphones, covers etc. The items are quite popular with the masses especially with the youngsters. The country is experiencing a mobile phone explosion and I wanted to get a share of the pie and that is the main reason I ventured into this business.
The competition is very stiff but I am glad I have kept going due to hard work and the network of loyal clients that I have build over the years. My net income is about $125 a week which I use to pay my bills and support my family back home. My next move is to start selling mobile phones next year.
Loan Proposal
In intend to put all the money I am going to get from this loan into my business where I will buy accessories to boost my stock. I will stock a wide variety of accessories so that my clients can buy all their items under one roof.
This will help me to get to my destination of getting into sale mobile phones business where I am likely to make much more profit than what I am making.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Dec 19, 2014
Repayment status
On Time
Projected term
8 weeks
Other loans
Lenders
United Kingdom
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