Boost my electrical shop inventory

Kisalu Wambua

Mombasa, Kenya

2% repaid

Entrepreneur

Name

Kisalu Wambua

Member since

January 2015

On-time repayments

20 installments  •  5%

About Me

My name is Kisalu Wambua. I am 29 years old and married with one child. I run a business in Mombasa city where I deal with sale of electrical installation items. I was born in Eastern side of Kenya in a place called Kitui.

I did eight years of primary and then four years of secondary school in Kitui and then joined a technical college where I was trained as an electrician. Due to lack of formal employment I decided to open an outlet for selling electrical installation items such as sockets, cables, bulbs etc. I cannot regret having taken this route of business because it has been a rewarding experience and I am able to provide for my family adequately through the business.

My Business

As mentioned above, I run a small shop in town where I sell electrical installation items. I source the items from wholesalers and then retail them at a profit from my outlet. I mainly sell to installation technicians who do wiring jobs in people’s homes. The future of the business is bright since the government of Kenya is currently doing a massive electrification throughout the country.

My sales volumes are not as high as I would like it to be due to lack of capital for expansion. I expect this to change with the credit that I will be getting from Zidisha. I make a net income of about $240 per month which goes into my family’s sustenance.

Loan Proposal

If given this money, I will use it to buy the following items 4 boxes of energy saving bulbs at a total cost of $95. I have decided to invest in this product because the government is running a campaign where consumers are encouraged to replace old filament bulbs with energy saving ones. I am sure I will be able to sell the stock within a short period.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 28, 2015

Repayment status

Late

Projected term

4 months

Cost to entrepreneur

Lender interest: $100.16 at 8.30% annual rate over 4 months = $3.29

Service fee: $1.55

Lenders

valentin

Stockholm, Sweden

sderickson

Berkeley, CA, United States

Z

zvrk2014

Brookline, MA, United States

SV

sven vdk

Twickenham, United Kingdom

LouisB

ZIDISHA, Mozambique

J

JessicaAna

Maputo, United States

ToddTho

World Wide, United States

LutianaPablo

Rome, Italy

J

johnrmeier

United States

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