Add mobile phone accesories in my retail shop
Hederson
Utawala, Kenya
100% repaid
Entrepreneur
Name
Hederson
Member since
March 2014
On-time repayments
41 installments • 88%
About Me
I am 27 years old a second born in a family of five, son of Duncan theuri and the late Grace theuri. I am a devoted christian a member of presbyterian church and a youth leader for four years. I help my parent to pay school fees for my younger sisters from what i get in my business. I competed O level year 2005 and later joined technical collage and trained as mobile technician. currently i went back to college in part time to add IT so that i can be able to grow as technology grow. I started business in year 2009 after being employed for some time and realised that i can not achieve my dream goals thru employment and decided to start own business. I purchase phone spare parts and accessories and sell services thru repairing and accessories.<input name="aboutMeTimestamp" type="hidden">
My Business
I will use my business to repay the loan. My business is to sell services thru mobile repair and selling mobile accessories. There is high demand for my good and services because mobile phone is affordable and has become a basic thing to every one as the easiest means of communication; they all need to be repaired and serviced. Most of customers prefer my business due to the best and quality good and services i sell to them. Its profitable because when i sell accessories i get about 25% profit and when i sell services i get 70% profit and the demand is high. The most though not common risk i get is that the phone might get extra damage in process of repairing and business is charged for extra repair. Monthly collection has increased due to your support is 570USD, profit 330USD.still have not yet attained my main goal but am moving well by your help. my main goal is to rise enough funds to instal the suitable machinery for the workshop and so far it has not been possible. My humble request is you continue offering me loan so that i can be able to instal and expand the business and also create more employment, currently the business still employs two people;me and another person.<input name="aboutBusinessTimestamp" type="hidden">
Loan Proposal
I will use the loan to add phone accessories and i know it will increase my profit and make money to continue expanding my business thus enabling me to continue supporting my younger sister and myself with school fees. It will also help me to repay my loan and continue saving to instal all required machinery in my workshop. Thank you lenders for supporting me the first time and now am looking forward for the second time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$148.00
Date disbursed
Jun 24, 2014
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
United States
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