Add stock in my phone 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 run a phone shop in Mombasa and I mainly deal with sale of mobile phones and related accessories and I also do money transfer business (M-Pesa) which is very popular in Mombasa. I intend to use all the money I am going to get from this loan to purchase a stock of new phones which are in high demand during this Easter Season.

My business is quite profitable and I will be able to repay the loan comfortably within the stipulated time. I look forward to your kind consideration to this loan application.

Thank you.

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.

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  • mariamfula    Oct 7, 2017

    I have been receiving payments. Thank you so much!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.07

Date disbursed

Apr 11, 2014

Repayment status

On Time

Projected term

5 weeks

Cost to entrepreneur

Service fee: $0.51

Lenders

K

kate13

United States

Z

zengirl64

United States

C

catyclaire

United States

A

aelthene

United States

Flipmore

Vancouver, Canada

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