Abitech electricals

Areri Abel

Kisii, Kenya

100% repaid

Entrepreneur

Name

Areri Abel

Member since

May 2017

On-time repayments

17 installments  •  29%

About Me

I am Areri Abel Machuka, a resident in Kisii Kenya. I am 24 years of age and a business man. I am a graduate but currently am self employed. I my shop is located in Mosocho and I would like to make it abig shop as possible so that I can atleast create a job opportunity for many guys who are out there with no jobs. I have a dream of expanding the shop and opening as many branches as possible.

My Business

I have an electronic shop situated in Mosocho, Kisii Kenya. I am a sole proprietor and owner. I run the shop six days a week with no employees. I started the shop two years ago after failing in a business that I had started, advertizing. The shop is not that big but it is the only electronic shop in the area and it serves clients withing a diametor of about 2 miles. I do not have enough stock but atleast the few that is available serves my customers right. I thank Zidisha for they have supported me around four times during my hard times.
I would like to expand my shop and make it a big business that can sell in retail and wholesell. My clients are satisfied with my services and they really enjoy the low prices I offer on items.

Loan Proposal

I am going to spend the amount on adding a few stock in my shop. I am planning on going to buy more stock and I need more money. I want to make my shop as big as possible and ensure it doesn't collapse as the other previous businesses I have ventured into. I shall buy five audio jack pins, one goes at 0.99 dollars. When I sell them I shall be able to make around double the profit which shall make me add more of these and other appliances.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$5.17

Date disbursed

Nov 9, 2018

Repayment status

On Time

Projected term

3 weeks

Cost to entrepreneur

Service fee: $0.23

Credit risk payment: $0.68

Lenders

Fred

Germany

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