Build mobile phone accessories inventory

Viona Wambui

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Viona Wambui

Member since

January 2015

On-time repayments

62 installments  •  74%

About Me

My name is Viona Wambui. I was born in Eldoret in the Rift Valley highlands of Kenya. I was born in a large family of 9 and my parent to make a total of 11. I am child number 3 in the family. I was raised up in a very humble background and I am glad I grew up to adulthood against very serious odds.

I went to primary and then secondary school then moved to Mombasa town to live with cousins while at the same time looking for employment. I got a job at a hair salon. This is something I loved doing despite the fact that I have no formal training in this area. I quit this job after two years due to low pay and decided to open a money transfer business. This was a booming business at the time but the hype died down and the profitability of my business plummeted.

It is at this point that I decided to change business and venture into selling mobile phones and accessories and that is what I am still doing.

I am married with three children aged 8,12 and 16 who are all in school. My dream is to secure my children's future through quality education and serious saving schemes to give them a head-start in life.

My Business

I deal with selling of mobile phones and associated accessories. This is the in-thing in town and this inspired me to venture into this area. I operate from rented premises and I have also employed one attendant. I make about @300 per month after all expenses are paid.

I use this money to supplement my husbands income which is the major component of running my family's budget. I also set aside a portion of it (at least 20%) and put it back to the business to make it grow.

Loan Proposal

If given this loan, I will use it to buy the following items:

Phone chargers at a total cost of $200
Earphones at a total cost of $100
Cell phone batteries at a total cost of $100
Memory cards (SDs) at a total cost of $150
Computer flash disks at a total cost of $ 200.

This stock will increase my sales and translate into more profit for my business. I am anticipating an increase of 10% in profitability if all goes well and since I put back part of the profit back into the business, I hope to multiplier effect to be very dramatic. I just can't wait!

Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.16

Date disbursed

Jan 26, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Lender interest: $100.16 at 6.75% annual rate over 4 months = $2.71

Service fee: $1.49

Lenders

YB Song

Seoul, Republic of Korea

G

guenter

Bremen, Germany

BJ

Brandon Joz

North Carolina, United States

Aggul

London, United Kingdom

Jeff and Marcie

Portland, OR, United States

E

Elisa

Espoo, Finland

N

NancyG

Victoria, Canada

RockinRobin

Centennial CO, United States

HansLindgren

Uppsala, Sweden

MichaelR

Los Angeles, United States

J

JayJay

Cleveland, United States

C

CheesemanDan

Shanghai, China

N

nba1999

Beijing, China

J

jinx83

Brisbane, Australia

E

edbean

United Kingdom

Mikers

Netherlands

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