Increase inventory in my mobile-phone business
Erick
Bombolulu, Kenya
100% repaid
Entrepreneur
Name
Erick
Member since
February 2015
On-time repayments
103 installments • 50%
About Me
Am a Kenyan man aged 25 years.I was born in a polygamous family with two brothers,one sister and three step brothers.My mum is the second wife to my dad and am the second last born in our family.My mum passed on when i had completed my primary level class eight in the year 2004 leaving my dad unable to take care of us.I fortunately managed my fourth form in 2009.I enrolled for my college studies but the financial state of my father could not allow me anymore proceed anymore so i had to drop out to upkeep myself because i had moved from the village to the coastal town called Mombasa.Since i needed rent,food,clothing and several other necessities,i was desperate for a job or any other business to help cope with life.My younger brother too needed assistance from me since my step brothers were not stable too to assist and had their own families to take care of and my elder brother who took me from the village had been sacked from where he was working hence was unemployed by then.
My Business
I started buying phone accessories ranging from covers,batteries,watches from wholesale traders and selling them to my clients at a rented stall in town.I could manage to get a double income that helped me pay for the rent and meet my needs.
I later started selling chargers,memory cards,and by then through the knowledge i had gained from phones,i now can service phones,change mic and do flashing something i learn t from a technician i was close with.
I found this business so easy to operate and good income since i have very few competitors around me as it is also convenient for me as it gives me time to break on a weekend to attend church services.
On a good day i make sales up to 4000 and on low sales they turn to 1500.
From the profits i get,i pay rent for the stall,pay for my house rent,pay my younger brother's rent who is in college in another town,and sustains me and fare as well.
Loan Proposal
I once again take this opportunity to thank you so much for the support you showed me in the past loan.May God bless you so much dear lenders.
After assessing my stock,i realized that my stock needs to be increased as new fancy covers and glass protectors are available in the market.With your assistance of like 90 dollars and the amount i have with me will really boost me some steps.
I am looking forward to also increase my flashing tools and also employ a young person who will be assisting in running the shop and by that i will have created some job opportunity somehow.
I hope and humbly request that you help me out with this and i also want to see my rate get to 95% so that i can invite one friend of mine that i see deserves this.May God be with you and i hope you will try to help me in due time.Be blessed.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$91.00
Date disbursed
Jul 6, 2016
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Republic of Korea
United States
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