Equipment for installing electricity in homes

Alex

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Alex

Member since

December 2014

On-time repayments

340 installments  •  88%

About Me

My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.

I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.

I made savings which enabled me to open a small electrical shop which I am running to date.

I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.

My Business

My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.

I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This is the main reason why I started this business since I wanted to get a market share of the boom.

I make a profit of about $380 which I use to support my family and also for business expansion.

Loan Proposal

I will use this money to further expand my business. I used the previous loans to increase my stock. This has attracted many clients to my shop and I want to continue to supply a wide variety of electrical materials so as to sustain them.

I will mostly buy installation cables and wall sockets which are always in high demand due to rapid electrification that is being undertaken by the government of Kenya.

I hope you will support me in this venture just as you have done in the past.

Show original English  

About Me

My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.

I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.

I made savings which enabled me to open a small electrical shop which I am running to date.

I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.

My Business

My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.

I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This it the main reason why I started this business since I wanted to get a market share of the boom.

I make a profit of about $480 which I use to support my family and also for business expansion.

Loan Proposal

I will use this money to further expand my business. I used the previous loans to increase my stock. This has attracted many clients to my shop and I want to continue to supply a wide variety of electrical materials so as to sustain them.

I will mostly buy installation cables and wall sockets which are always in high demand due to rapid electrification that is being undertaken by the government of Kenya.

I hope you will support me in this venture just as you have done in the past.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,367.00

Date disbursed

Sep 2, 2016

Repayment status

On Time

Projected term

8 months

Lenders

S

Senryu91

caldogno, Italy

M

Mårten

Inden, Switzerland

S

SvenWaage

Stavanger, Norway

Bobrm2k3

Charleston, United States

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

D

Delok

Germany

SuperMario28

Cudahy, United States

Christopher Hey

Sudbury, Canada

DM

Dimitri Malarme

Brussels, Belgium, Belgium

kt

Brush Prairie, United States

Mary

Germany

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

Ask Alex a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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Summary

Amount repaid

$1,435.35

Amount remaining

$0.00

Date repaid

Mar 13, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Sep 14, 2016 $45.33 Sep 14, 2016 $45.33
Sep 21, 2016 $45.33 Sep 23, 2016 $45.33
Sep 28, 2016 $45.33 Sep 29, 2016 $45.33
Oct 5, 2016 $45.33 Oct 6, 2016 $45.33
Oct 12, 2016 $45.33 Oct 13, 2016 $45.33
Oct 19, 2016 $45.33 Oct 19, 2016 $45.33
Oct 26, 2016 $45.33 Oct 26, 2016 $45.33
Nov 2, 2016 $45.33 Nov 4, 2016 $45.33
Nov 9, 2016 $45.33 Nov 12, 2016 $45.33
Nov 16, 2016 $45.33 Nov 18, 2016 $45.33
Nov 23, 2016 $45.33 Nov 18, 2016 $5.04
Nov 24, 2016 $40.29
Nov 30, 2016 $45.33 Nov 24, 2016 $5.04
Nov 30, 2016 $40.29
Dec 7, 2016 $45.33 Nov 30, 2016 $10.07
Dec 8, 2016 $35.26
Dec 14, 2016 $45.33 Dec 8, 2016 $10.07
Dec 16, 2016 $35.26
Dec 21, 2016 $45.33 Dec 16, 2016 $15.11
Dec 22, 2016 $30.22
Dec 28, 2016 $45.33 Dec 22, 2016 $20.15
Dec 28, 2016 $25.18
Jan 4, 2017 $45.33 Dec 28, 2016 $20.15
Jan 4, 2017 $25.18
Jan 11, 2017 $45.33 Jan 4, 2017 $25.18
Jan 12, 2017 $20.15
Jan 18, 2017 $45.33 Jan 12, 2017 $25.18
Jan 20, 2017 $20.15
Jan 25, 2017 $45.33 Jan 20, 2017 $15.11
Jan 27, 2017 $30.22
Feb 1, 2017 $5.04 Jan 27, 2017 $5.04
Feb 8, 2017 $35.26 Feb 9, 2017 $35.26
Feb 15, 2017 $35.26 Feb 17, 2017 $35.26
Feb 22, 2017 $35.26 Feb 23, 2017 $35.26
Mar 1, 2017 $35.26 Mar 1, 2017 $35.26
Mar 8, 2017 $35.26 Mar 1, 2017 $5.04
Mar 7, 2017 $30.22
Mar 15, 2017 $35.26 Mar 7, 2017 $35.26
Mar 22, 2017 $35.26 Mar 7, 2017 $35.26
Mar 29, 2017 $35.26 Mar 7, 2017 $4.97
Mar 13, 2017 $30.29
Apr 5, 2017 $35.26 Mar 13, 2017 $35.26
Apr 12, 2017 $35.26 Mar 13, 2017 $35.26
Apr 19, 2017 $35.26 Mar 13, 2017 $35.26
Apr 26, 2017 $35.26 Mar 13, 2017 $35.26
May 3, 2017 $35.26 Mar 13, 2017 $35.26
May 10, 2017 $35.26 Mar 13, 2017 $35.26
May 17, 2017 $30.15 Mar 13, 2017 $30.15

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