Additional stock for my growing phone business

Christine Kendi

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Christine Kendi

Member since

June 2016

On-time repayments

212 installments  •  50%

About Me

My name is Christine Kendi. I was born Meru which is on the eastern side of Kenya. I am the first born in a family of 6. My parents are peasant farmers and they grow food crops which is mainly consumed by the family.

I grew up in the same area facing normal childhood challenges in that rural area. The area has poor infrastructure and we grew up without luxuries such as electricity and piped water. I however navigated life safely to adulthood after completing my primary and secondary school.

I later joined college where I did a course in human resource management. I later got a salaried job where I worked as human resource manager. My contract ended and then I decided to start my own business.

I decided to start a mobile phone business since this type of bu.siness was doing very well at the time. I am still doing the same business to date

My Business

As mentioned above, my business deals with sale mobile phone accessories as well as money transfer business. This is a sector that has been growing rapidly in the last few years and I expect the growth to continue in the next couple of years. The phone accessories are in high demand mostly by the young people.

My monthly income from this business ranges from 150 USD to 200 USD net. I spend about 17 USD to cover overheads such as rent, water and electricity. I use the income from this business to run my home budget and I put some of it back in business to accelerate growth.

Loan Proposal

My business has been growing steadily for the last couple of months. This is as a result of dedication and hard work. I hope to make it grow even faster by accessing credit from Zidisha micro finance.

I plan to spend all this amount by buying 2 dozen low end phones. These type of phones are very popular with the low income earners who are very many around this area. My profit margin is about 30% and so I expect to make a good profit out of this venture. I will use the profit to repay this loan and also to grow my business even further.

Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$280.01

Date disbursed

Sep 22, 2016

Repayment status

On Time

Projected term

11 months

Cost to entrepreneur

Service fee: $11.53

Lenders

Daniel

Brussels, Belgium

V

vidarlil

Sandefjord, Norway

A

Anninymouse

Southampton, United Kingdom

H

Heja

Hamburg, Germany

D

Delph007

Den Haag, Netherlands

K

Krokslatt

Mölndal, Sweden

M

Meckel

Boulder, United States

cyrus0302

San Francisco, United States

G

Gastao

Covilhã, Portugal

D

drjofleming

UK, United Kingdom

J

JBosshardt

Redmond, United States

F

Fiodal

Helsinki, Finland

Kjartan

Oslo, Norway

Raoul72

Naarden, Netherlands

T

treyh

San Diego, CA, United States

S

sirius

Lauterach, Austria

G

greenthomas

Tübingen, Germany

Zidisha

Sterling, United States

E

evanglend

Arlington, United States

J

JakeA

Wellington, New Zealand

C

cjmenchaca

Austin, United States

E

ericcamden

Berkeley, United States

J

jdhowa2

Louisville, KY, United States

HansLindgren

Uppsala, Sweden

beverly

Vancouver, Canada

G D Export

Kolkata, India

J

jjonas

berlin, Germany

EmilAsker

Lomma, Sweden

HE

help each other

Glasgow, United Kingdom

indeh

London, United Kingdom

J

Jaslogic

Castle Rock, United States

rasmus

Bern, Switzerland

Quentin

Toronto, Canada

Shasta

Erie, United States

kickerofelves

Sao Paulo, Brazil

W

wordelsue

MIDWEST, United States

Cloudways

Malta, Malta

R

rpmccarthy

Sydney, Australia

B

bugsheep

Houston, United States

B

BClay

Campbell, United States

ads68

Melbourne, Australia

A

Alumnus

Goias, Brazil

M

michaelangers

Toronto, Canada

N

NicolaG

Mantova, Italy

Christopher

Copenhagen, Denmark

Bhayl

Stavanger, Norway

Y

Yevrahs

Dallas, Texas, United States

basicus

Cairo, Egypt

A

alkemyst

Geneve, Switzerland

JC

Jordi Cohen

New York, NY, United States

K

KnutG

Bergen, Norway

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

F

fundfinite

Wellington, New Zealand

U

Ubun2

London, United Kingdom

B

Bokolo

Leeds, United Kingdom

M

mmisoo

Nova Dubnica, Slovakia

F

Forfex

Zurich, Switzerland

S

seikatsu

Palo Alto, CA, United States

S

Sjors

Eindhoven, Netherlands

L

Lennert

Alphen aan den Rijn, Netherlands

G

guggl

Vienna, Austria

M

mrjamesg

London, United Kingdom

sderickson

Berkeley, CA, United States

O

oonbug

United States

John Makongo

Kitale, Kenya

H

HoseB

San Francisco, United States

Matching Fund

Sterling, United States

M

microlender

United States

R

Rootdet

Fairfax, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Taylor

Memphis, United States

Remo

Lucerne, Switzerland

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

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