Adding stock to my electronics shop

Dennis

Thika, Kenya

39% repaid

Entrepreneur

Name

Dennis

Member since

January 2015

On-time repayments

58 installments  •  55%

About Me

I am denis ngowi aged 21years old. i come from a village in central province where agriculture is the main economic activity but i moved out from my parents home to look for employnent but in vain so i decided to start my own small electronics shop. I now live in Runda estate in Thika Kiambu County.The shop has been in existence for almost one ye
ar now and it has been paying my bills and sometimes sparing some to send home to help my siblings.

My Business

I sell electronics at Thika town next to kasmat supermarket opposite Kenya commercial bank. Thika is a fast growing town and hence there is a high demand for electronics. Competition is high as there are other electronic shops but I have managed to thrive as a result of quality good s and good customer relationship. This business generates between USD 150 to USD 250 per month which I use to add stock to the business.zidisha loan will help me add to the little money i have and add stock to my business.

Loan Proposal

Having received the loan i will use the money to buy one t,v set at a cost of USD 50 and 5 dvd players at a cost of USD 100.I will sell them at a good profit since the tv will go for USD 80 and the dvd players will go for USD 150 or even higher.This will have a big impact on the growth of my electronics shop so it will be one step towards achieving my goals.I would therefore like to ask the lenders to please fund me and help make this come true.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$159.00

Date disbursed

Oct 6, 2015

Repayment status

Late

Projected term

7 months

Lenders

A

andyfletcher

I want my "My loans" page back, Qatar

F

FHult

Stockholm, Sweden

Matt B

Stratford Upon Avon, United Kingdom

PG

Paul Graham

United States

PR

Paul Rausch

United States

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  • andyfletcher    Feb 14, 2016

    Hello Dennis,
    How are you?

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  • andyfletcher    Nov 16, 2015

    Hello Dennis,
    I hope the items you bought are still selling well. Do you have any updates on your payments?

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  • Dennis    Oct 15, 2015

    I am happy i received 159 Dollars,I have bought a t.v set and 5 dvd players.This items are fast moving so i expect to have sold them within 2 weeks.Thanks alot for the loan,it will be of much help to me and my business.

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  • Dennis    Oct 5, 2015

    I will use the money to buy a t,v set and 5 dvd players which i will later resell at a profit.This stock will help me have more stock to sell therefore there will be an increase in profits.This will help in growth of the business.Thankyou so much for for the loan,i will make sure i make good use of the money and help others in future.

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  • Dennis    Sep 21, 2015

    I would like to take this opportunity to thank my previous lenders for their generousity and for trusting in me.I purchased power cables using the money.I sold some and used the others to power my display tv's.Profits have increased and am now even aiming higher

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  • Dennis    Aug 25, 2015

    I have been experiencing some few challenges in my business so i would like to reduce my installments.Though i am also planning to increase again in future

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  • Dennis    Jun 18, 2015

    Am glad i received sh.7907 that i used the money to buy power cables as i had mentioned.I have even rearranged my shop as you can see in the picture below.i would like to thank lenders and the entire zidisha family for the support.

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  • Dennis    Jun 13, 2015

    I will use the money to buy elecrical cables as i had said,I will use two of them to power my display tv's and sell the rest at a profit therefore am expecting an increase in profits from this month.Thankyou zidisha and all the lenders,i promise to keep you updated on the progress of the business.

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  • Stephen    Jun 12, 2015

    Wow ! God is faithful . Congratulations for making it for funding . I hope too my loan shall be funded . Lenders I only have 3 days to go.Please support my project.

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  • Dennis    May 12, 2015

    i was able to utilise my loan by buying digital set top boxes and sell them at a profit.i now have 10 of them for sale.my profits have increased thus i have been able to pay my bills and clear off my loan.Thanks so much to the zidisha community.you have been of great help to us.

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  • Dennis    Mar 6, 2015

    i will also appreciate advice from you

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  • Dennis    Mar 6, 2015

    After receiving my loan i added some of my money i had saved and bought 3 digital set top boxes which i sold within the first week.With the money together with the profits i have now purchased 5 of them and sold 2.I hope to sell the others which am sure after reselling them i will be able to double the number as well as my profits.This is already starting to impact on my business thanks to my lenders and Zidisha.I hope to succeed more and share with you the good news

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