Inventory of affordable smart phones for my shop

Elizabeth Kariu

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Elizabeth Kariu

Member since

April 2014

On-time repayments

257 installments  •  77%

About Me

I am a business lady doing business in Mombasa town. I am a single mother of 2 siblings aged 18 and 21 years old both in college. I was born in Laikipia county in Rift Valley province and later relocated to Mombasa in search of greener pastures.
After completing my o level ,i joined Nairobi University where i studied Business and computer studies in the year 2000.
I am the first born in a family of six. I am hardworking, honest and ambitious person. Given this chance (credit) I will be able to take my business to even greater heights.Besides i do spare sometimes to let people know about their rights, we started an NGO in the name of Christian for human rights (CFHCR) which is self sponsored catering for people in prison ,children's home and vulnerable.Am the VICE CHAIRPERSON of the organization.

My Business

My business is located in Mombasa in the central business district. It deals with sale of mobile phones and M-PESA its a money transfer and receiving of money commonly used here in my country KENYA. These two products were introduced in Kenya just about 10 years ago and they have been accepted by all types of people. This is what made me get into this business so as to address the needs of the local community as well as making a living out of it.

I have been able to make good progress in this business and I have managed to take my children through their education and other needs though the profit I make. I am optimistic that the growth curve will continue upwards since the demand is still growing rapidly.

Loan Proposal

I wish to take this opportunity to thank Zidisha fraternity for their continued support. The loans that I have received from Zidisha so far has made me build my business to the level that was unimaginable a few months ago.

It is a new brave world for me and I with your support, I want to venture into lucrative sale of high end phones so as to cater for middle income group which is slowly emerging in Kenya. If given this money, I will spend all of it to build an inventory of of a dozen high end mobile phone with each costing about $120.

There is a ready market for this product especially now that we are heading to the festive season.

Thank you and I hope you will walk with me as you have done in the past.

Feedback

17

None

1

  • Day Family    Feb 23, 2019

    This loan is really disappointing. A very large loan of $2,500 after several clearly successful earlier loans. No updates from lender or mentor for over 18 months, and repayments reduced so low the loan won't repay for another 20 years. Purchasing and selling 36 smart phones may well be a good business idea, but it seems incredible all this money can go without any updates from the lender or other mentors.

    Log in to reply • Share
  • mariamfula    Oct 7, 2017

    I have been receiving payments. Thank you so much!

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,110.99

Date disbursed

Dec 24, 2014

Repayment status

On Time

Projected term

10 months

Cost to entrepreneur

Lender interest: $1,110.99 at 7.11% annual rate over 10 months = $72.26

Service fee: $37.56

Lenders

B

Bizu

Berlin, Germany

investor

Candiac, Canada

C

chkuo

Taipei, Taiwan

I

icetwice

Melbourne, Australia

cyrus0302

San Francisco, United States

Charmonica

London, United Kingdom

evinpa

United States

D

danielske

Branford, United States

rodcul

Altea, Spain

Sister

Kongsberg, Norway

Z

Zarnigar

Boston, United States

M

marcelitohb

Bremen, Germany

zphelj

Dallas, United States

ads68

Melbourne, Australia

R

ram1919

San Jose, United States

Bruno

São Paulo, Brazil

nakamura

United States

fairspirit

Utrecht, Netherlands

Cricketca

San Jose, United States

calvero

Bergen, Norway

R

Ronnie

STOCKHOLM, Sweden

Nadja

Weissach, Germany

D

diza2722

NSW, Australia

iamdaimo

London, United Kingdom

G

granite

Stanford, United States

S

Spelbreker

Zwijnaarde, Belgium

A

Anonymous

United Kingdom

dmirpuri

Bangkok, Thailand

H

harrymore

Townsville, Australia

C

cranejoad

cazenovia, United States

Richard Griebe

La Jolla, United States

Domista

Perth, Australia

markpearson

Portsmouth, United Kingdom

P

pvranas

Boulder, United States

H

Haavard

Bergen, Norway

E

elourenco

Porto, Portugal

Evan Lamos

Brussels, Belgium

T

thebonseung

Republic of Korea

pvilliger

Zurich, Switzerland

M

Malibu

Westwood, United States

Matching Fund

Sterling, United States

ScholaNatura

Czech Republic

G

geoff

United States

M

meric

Australia

Paul Buchheit

Mountain View, United States

S

simonista

United States

J

Jmatasovsky

United States

J

jay12

Germany

K

Karpet

Faroe Islands

C

condo86

United States

TyWee

Manila, Philippines

Scangaid

Pittsburgh, United States

D

dk1234

Netherlands

K

KiraDee

United States

PolarBearCapital

United States

LutianaPablo

Rome, Italy

Voscke

Utrecht, Netherlands

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

Benjamin Charlton

Dubai, United Arab Emirates

KM

Kirsty M

United Kingdom

Dave Bogard

New York, United States

K

United States

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