Aki phone and electronic-accessories wholesale shop
Andrew
Mbale, Kenya
100% repaid
Entrepreneur
Name
Andrew
Member since
February 2015
On-time repayments
171 installments • 52%
About Me
I come from a humble luhya background. I attended muhanda primary school. I worked as a herdsboy to be able to catter for my highschool fees. My father passed on before I was able to stabilize in the start of firm two. Me being the first born son after my sister in a family of four ,I borrowed a bicycle from a neighbor and operated boda boda to catter for food,pens,books and personal items not forgetting food for my family since my father was no more and mum had no job at all. I also applied for Cdf bursary which helped me a lot till I sat for my kcse and passed.
I then joined college and studied electrical engineering (power option) which I also did well. I'm now a self employed person in any electrical contracts and services.
I'm now faring on well. With the last loans that you granted me I've been able to grow in business and in life. I now fend for my family comfortably.
Thanks so much for offering me the loan and I look forward to getting this other loan.
My Business
I started a shop for selling phone accessories in October last year(2014) at Chimoi-webuye.
These goods are so essential since phones are always bound to fail or spoil hence accessories come in handy.
I chose this kind of business since I had some technical knowhow of phones due to the training I got while in college.
Costs come from licenses from the municipality and county government .
Profits are ploughed back into the business for its growth since I don't have kids at the moment.
I have now grown in business because I'm not only selling the phone accessories, I've also added few electronic goods and repair services for phones and electronic gadgets.
Loan Proposal
First of all I will increase the stock in the shop from a mere retail one to a mini wholesale shop. This is due to the rise of smaller enterprising phone accessories shops in my region who oftenly come to my shop for supplies.
I will also be able to open another branch of my shop in the neighbouring County.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$386.00
Date disbursed
Jul 9, 2016
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Summary
Amount repaid
$405.30
Amount remaining
$0.00
Date repaid
Nov 5, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jul 17, 2016 | $20.17 | Jul 17, 2016 | $20.17 |
| Jul 24, 2016 | $20.17 | Jul 24, 2016 | $20.17 |
| Jul 31, 2016 | $20.17 | Jul 31, 2016 | $20.17 |
| Aug 7, 2016 | $20.17 | Aug 6, 2016 | $20.17 |
| Aug 14, 2016 | $20.17 | Aug 13, 2016 | $20.17 |
| Aug 21, 2016 | $20.17 | Aug 20, 2016 | $20.17 |
| Aug 28, 2016 | $20.17 | Aug 27, 2016 | $20.17 |
| Sep 4, 2016 | $20.17 | Sep 3, 2016 | $20.17 |
| Sep 11, 2016 | $20.17 | Sep 3, 2016 | $20.17 |
| Sep 18, 2016 | $20.17 | Sep 18, 2016 | $20.17 |
| Sep 25, 2016 | $20.17 | Sep 18, 2016 | $20.17 |
| Oct 2, 2016 | $20.17 | Sep 18, 2016 | $20.17 |
| Oct 9, 2016 | $20.17 | Sep 18, 2016 | $20.17 |
| Oct 16, 2016 | $20.17 | Oct 16, 2016 | $20.17 |
| Oct 23, 2016 | $20.17 | Oct 16, 2016 | $20.17 |
| Oct 30, 2016 | $20.17 | Oct 16, 2016 | $20.17 |
| Nov 6, 2016 | $20.17 | Nov 5, 2016 | $20.17 |
| Nov 13, 2016 | $20.17 | Nov 5, 2016 | $20.17 |
| Nov 20, 2016 | $20.17 | Nov 5, 2016 | $20.17 |
| Nov 27, 2016 | $20.17 | Nov 5, 2016 | $20.17 |
| Dec 4, 2016 | $1.98 | Nov 5, 2016 | $1.98 |
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