Additional stock for my growing phone business
Christine
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Christine
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$280.00
Date disbursed
Sep 22, 2016
Repayment status
On Time
Projected term
11 months
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Summary
Amount repaid
$280.01
Amount remaining
$0.00
Date repaid
Jul 25, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Oct 2, 2016 | $10.08 | Oct 3, 2016 | $10.08 |
| Oct 9, 2016 | $10.08 | Oct 16, 2016 | $10.08 |
| Oct 16, 2016 | $10.08 | Oct 30, 2016 | $10.08 |
| Oct 23, 2016 | $10.08 | Nov 3, 2016 | $5.04 |
| Nov 17, 2016 | $5.04 | ||
| Oct 30, 2016 | $10.08 | Nov 17, 2016 | $10.08 |
| Nov 6, 2016 | $10.08 | Nov 17, 2016 | $10.08 |
| Nov 13, 2016 | $10.08 | Nov 21, 2016 | $10.08 |
| Nov 20, 2016 | $10.08 | Nov 27, 2016 | $10.08 |
| Nov 27, 2016 | $0.00 | ||
| Dec 4, 2016 | $0.00 | ||
| Dec 11, 2016 | $0.00 | ||
| Dec 18, 2016 | $5.04 | Dec 25, 2016 | $5.04 |
| Dec 25, 2016 | $5.04 | Jan 1, 2017 | $5.04 |
| Jan 1, 2017 | $5.04 | Jan 7, 2017 | $5.04 |
| Jan 8, 2017 | $5.04 | Jan 23, 2017 | $5.04 |
| Jan 15, 2017 | $5.04 | Jan 23, 2017 | $5.04 |
| Jan 22, 2017 | $5.04 | Feb 21, 2017 | $5.04 |
| Jan 29, 2017 | $5.04 | Feb 21, 2017 | $0.50 |
| Mar 2, 2017 | $4.54 | ||
| Feb 5, 2017 | $5.04 | Mar 2, 2017 | $5.04 |
| Feb 12, 2017 | $5.04 | Mar 2, 2017 | $0.50 |
| Mar 7, 2017 | $4.54 | ||
| Feb 19, 2017 | $5.04 | Mar 7, 2017 | $5.04 |
| Feb 26, 2017 | $5.04 | Mar 7, 2017 | $0.50 |
| Mar 16, 2017 | $4.54 | ||
| Mar 5, 2017 | $5.04 | Mar 16, 2017 | $0.50 |
| Mar 19, 2017 | $4.54 | ||
| Mar 12, 2017 | $5.04 | Mar 19, 2017 | $0.50 |
| Mar 21, 2017 | $4.54 | ||
| Mar 19, 2017 | $5.04 | Mar 21, 2017 | $0.50 |
| Mar 27, 2017 | $4.54 | ||
| Mar 26, 2017 | $5.04 | Mar 27, 2017 | $0.50 |
| Apr 2, 2017 | $4.54 | ||
| Apr 2, 2017 | $5.04 | Apr 2, 2017 | $5.04 |
| Apr 9, 2017 | $5.04 | Apr 2, 2017 | $0.50 |
| May 1, 2017 | $4.54 | ||
| Apr 16, 2017 | $5.04 | May 1, 2017 | $0.50 |
| May 2, 2017 | $4.54 | ||
| Apr 23, 2017 | $5.04 | May 2, 2017 | $0.50 |
| May 7, 2017 | $4.54 | ||
| Apr 30, 2017 | $5.04 | May 7, 2017 | $0.50 |
| May 10, 2017 | $4.54 | ||
| May 7, 2017 | $5.04 | May 10, 2017 | $0.50 |
| May 16, 2017 | $4.54 | ||
| May 14, 2017 | $5.04 | May 16, 2017 | $0.50 |
| May 23, 2017 | $4.54 | ||
| May 21, 2017 | $5.04 | May 23, 2017 | $0.50 |
| Jun 8, 2017 | $4.54 | ||
| May 28, 2017 | $5.04 | Jun 8, 2017 | $1.01 |
| Jun 13, 2017 | $4.03 | ||
| Jun 4, 2017 | $5.04 | Jun 13, 2017 | $1.01 |
| Jun 26, 2017 | $4.03 | ||
| Jun 11, 2017 | $5.04 | Jun 26, 2017 | $1.01 |
| Jul 7, 2017 | $4.03 | ||
| Jun 18, 2017 | $5.04 | Jul 7, 2017 | $1.01 |
| Jul 9, 2017 | $4.03 | ||
| Jun 25, 2017 | $5.04 | Jul 9, 2017 | $1.01 |
| Jul 12, 2017 | $4.03 | ||
| Jul 2, 2017 | $5.04 | Jul 12, 2017 | $1.01 |
| Jul 18, 2017 | $4.03 | ||
| Jul 9, 2017 | $5.04 | Jul 18, 2017 | $1.01 |
| Jul 20, 2017 | $1.01 | ||
| Jul 25, 2017 | $3.02 | ||
| Jul 16, 2017 | $5.04 | Jul 25, 2017 | $5.04 |
| Jul 23, 2017 | $5.04 | Jul 25, 2017 | $5.04 |
| Jul 30, 2017 | $5.04 | Jul 25, 2017 | $5.04 |
| Aug 6, 2017 | $5.04 | Jul 25, 2017 | $5.04 |
| Aug 13, 2017 | $5.04 | Jul 25, 2017 | $5.04 |
| Aug 20, 2017 | $5.04 | Jul 25, 2017 | $5.04 |
| Aug 27, 2017 | $5.04 | Jul 25, 2017 | $5.04 |
| Sep 3, 2017 | $5.04 | Jul 25, 2017 | $5.04 |
| Sep 10, 2017 | $5.04 | Jul 25, 2017 | $5.04 |
| Sep 17, 2017 | $2.72 | Jul 25, 2017 | $2.72 |
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