A new branch for my accessories shop

Samuel

Nairobi, Kenya

100% repaid

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

Am looking forward to opening a new branch for my accessories shop. Since the demand for mobile phone and electrical accessories is high in my locality. The most essential items to have first are: Rent and deposit for the stall $150, making some shelves and painting $180, business permit $100, electrical switches and wall outlets $80, mobile phone batteries $120, energy saving bulbs $107. This adds up to a total of $737.28. This will go along way in improving my life and that of my family. Am also looking forward to hiring someone else, since I also want to change someone's life also. With this new stall am looking forward into a great business venture with a profit turnout of about 20%. Am looking forward to running a multi million business.

Feedback

7

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Loan Info

Project Type

Classic Loan

Disbursed amount

$736.00

Date disbursed

Jan 14, 2016

Repayment status

On Time

Projected term

3 months

Lenders

PG

Paul Graham

United States

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  • Samuel    Nov 2, 2016

    Hello Lenders and the Zidisha family, for the past four weeks I've been unwell and this led to not making my weekly payments, but now am better though not fully recovered but I can assure you before next week I'll have cleared all my arrears thank you in advance.

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  • Samuel    Jun 21, 2016

    Here are some photos

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  • Samuel    Jun 21, 2016

    Hello Lenders, am glad to report that yesterday I managed to purchase some modern lighting fittings. With these am projecting sales increase and hence more profit. Am posting some photos. Once again thanks a lot.

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  • Samuel    Jun 16, 2016

    Hello Lenders, I've received the money for my loan and am very grateful for that, as I stated earlier am going to buy lighting fittings, wall sockets and switches, and also different types of energy saving bulbs. Once again am thanking you very much and may God bless you forever.

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  • Samuel    Jun 11, 2016

    Hello Lenders, am very grateful for your concern. With the loan am looking forward to buy modern lighting fittings, energy saving and Led bulbs, wall switches and socket outlets, and a power drill. This will go along way in increasing my venture in business and hence profit to cater for my family. Also the family of my shop attendant. Once again am very thankful beyond words and may God bless you abundantly.

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  • Samuel    May 28, 2016

    Hello Lenders, am very glad that you had confidence in me and my ventures, the loan I've just cleared helped me acquire a new shop for my business, though I didn't manage to stock it much, it really enhanced my business. this made me expand my customer base and now my customers can look forward to a shop where all their household electrical appliances can get sorted, whether its sales, service or repairs.
    this means good returns and enhanced life for me, my family and those who assist me. am looking forward to working with you in the future. Thank you a lot.

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  • Samuel    Jan 18, 2016

    Hello Lenders I received the loan, am very grateful for your concern and generosity. Am looking forward to opening the new stall. This year I have very high expectations for my business. Once again thank you and God bless you.

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  • Samuel    Jan 4, 2016

    Hello Lenders the loan I just finished paying, went a long way in improving my business. My accessories shop is now a bit equipped, the most moving stock. Also my workshop has got some better tools. This has really helped me to be able to cater for my family needs. Also I hired someone to help me in the accessories shop.

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  • Samuel    Sep 23, 2015

    More photos.

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  • Samuel    Sep 23, 2015

    Hello Lenders, here are some more photos.

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  • Samuel    Sep 22, 2015

    Hello Lenders, am glad to inform you that I managed to buy some more items, ie wall switches, mcbs and power banks.

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  • Samuel    Sep 16, 2015

    Another photo

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  • Samuel    Sep 16, 2015

    Hello Lenders, after receiving my loan I have managed to buy some items, like energy saving bulbs and led bulbs. Below am posting some photos.

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  • Samuel    Sep 10, 2015

    Hello Lenders, I just received my loan of KES 44,485. Am very grateful for your support, am looking forward to buy the accessories from tomorrow. I'll keep you updated on my progress. Thank a lot.

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  • Samuel    Sep 9, 2015

    Hello, I've managed to change the profile photo. I hope thats clear now. Thanks.

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  • Samuel    Sep 9, 2015

    Am uploading the photos but am stuck on how to change the profile picture.

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  • Samuel    Sep 9, 2015

    Am uploading a clear photo....

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  • Samuel    Sep 9, 2015

    Am uploading a clear photo now. Thanks.

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  • Samuel    Sep 8, 2015

    Hello Lenders am very thankful for your generosity and concern for giving me another opportunity to make a change in my life. Am planning to buy some accessories in my shop. This will enhance sales in my shop and hence improve the life of my family, since they solely depend on the shop for a living. Once again thank you and may God bless you abundantly.

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  • Joseph    Sep 4, 2015

    Good luck with your project

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