Buy and introduce sale of smartphones

Michael

Nairobi, Kenya

18% repaid

Entrepreneur

Name

Michael

Member since

January 2017

On-time repayments

208 installments  •  16%

About Me

My name is Michael Kihungi Makumi, age 27, a Kenyan citizen, Single with no kids, I come from a family of four boys (no girls - ouch!), I am the second born...with both parents alive and well. I did my Kenya Certificate of Primary Education, later on progressed to Secondary school where I cleared and passed my O level exams, I was lucky enough to go through collage where I did a Diploma in Computer Studies. Business wise I have previously been employed by an agricultural firm called Kenya Agricultural Research Institute as a casual laborer working in the computer labs, later on I got greener pastures whereby I got new employment still as a casual laborer at the ministry of health Nakuru County in Kenya, still working in the IT department whereby my duties were to make sure all the IT systems were up and running at all times, send a monthly report at the end of each month to the ministry of health sub county offices, orient new staff to the hospital computerized system etc. things were really working out for me here but as the government of Kenya requirements, after three months casual laborers are laid off so as to apply a new...since after three months of employment, according to Kenya government employment act, after three months it would be termed as permanent employment and this was not the case....I got frustrated and with whatever I had saved and raised while still working there, I decided to open my own business at our local town, I am currently working here now whereby I deal with computer repairs, mobile phone repairs, sales of memory cards, CCTV camera installation, troubleshooting and diagnostics etc. Recently I was fortunate enough to get employed by a medical firm called eastern deanery aids relief program as their health management information systems officer, on a yearly contract basis, it deals with taking car of people living with HIV and aids by providing comprehensive care through out their lives for free. the program is funded by CDC and PEPFAR. It not paying but the satisfaction I get when I contribute to making lives of people living with HIV/AIDS better, its payment enough. throughout this journey of self employment, Zidisha has really come through for me especially by financing my projects to buy gadgets to ease my working conditions and to attain profit margins since now I do not have to hire equipment to do my work, I have my own. as a volunteer mentor, I thank God for Zidisha, and I will always be in dept to all my lenders and those who have always come through for me. I also do love doing charity work, helping the needy and visiting the sick as a Community Healthcare Worker, I do enjoy traveling especially going for game drives at our local national parks, playing mobile phone games (addict hehe) and listening to good meaningful music . thank you

My Business

My business is an all round I.C.T shop that deals with both computer and mobile phone repairs, servicing and maintenance, CCTV Camera installations to interested clients, sale of memory cards, flash disks, mobile phone chargers and batteries etc and recently through the help of Zidisha and my beloved lenders, expansion of my business and introduction of a medium size cyber cafe and computer tutoring classes consisting of four computers, two funded and bought through my generous lenders. Zidisha has really helped me a lot, I can never take it for granted. Through Zidisha, I have also been able to buy a full CCTV installation kit, a cordless drill and two more computers for my cyber cafe and computer tutoring classes. I would like to take this opportunity to thank you all so much for your continued support, this great level of kindness that you show me and my business ventures will never go unpaid, I thank God for all my dear lenders and also the Zidisha Team and may He bless you all with the blessings of Abraham. Shalom!

Loan Proposal

Dear Lenders, this is to let you know that I would like to introduce and start a smartphone selling business in my already functional shop, we are currently moving into a digital world where smartphones are becoming more and more of a basic need and necessity, thus the demand for mobile smart phones especially those that run the android operating system. For a start, I would like to purchase 15 smartphones from a wholesale dealer in the capital (Nairobi) . One smartphone goes for around 3500KES or 33.73USD each, bringing a total of about 52500KES or 5060USD for purchasing the 15 smartphones. After I have stocked up, I intend to sell each smartphone on retail for not less than 5000KES or 48.19USD or even for a higher price depending on my negotiation skills of the day realizing a profit merger of roughly 1500KES or 14.46USD per and even higher depending on the retail price secured. This is a good business venture and I am 100% positive it will bring about profits in my business. Furthermore, most of my regular clients keep on asking why I have not moved into the smartphone selling business already, The profits earned will be used to pay back the loan alongside support from my other businesses and my own personal salary. Once my stock has been depleted, I will plough back by buying new stock and make sure that the business keeps on running all thanks to your support and funds. I would also like to add that I am aware of the importance of paying back my loan on time, so my dear kind lenders, reach deep into your pockets and fund my loan, as a volunteer mentor, I will make sure I pay back to the last coin. Thank you so much and God bless you all always for coming through for me. Shalom!

Feedback

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  • Jane    Aug 10, 2017

    Repaid early, great communication, definitely will loan again :)

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Loan Info

Project Type

Classic Loan

Disbursed amount

$540.00

Date disbursed

Sep 10, 2017

Repayment status

Late

Projected term

54 months

Lenders

Sundstroms

Falun, Sweden

Jane

California, United States

DY

David Yang

Vancouver, Canada

Ask Michael 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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  • Michael    Apr 4, 2019

    business is really bad

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  • Michael    Mar 3, 2019

    i am currently not in a position to pay whole amount as scheduled.

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  • Michael    Oct 19, 2018

    I have been out of the country for quite some time now, sorry for delays in repaying my loan, resuming immediately. Thanks

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  • Michael    Jan 9, 2018

    Business is tough, new year, new challenge but i believe things will get better. Thank you

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  • Michael    Dec 25, 2017

    Business has not been so good this past few months but once it picks will definitely increase the amount.

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  • Michael    Nov 19, 2017

    Business not doing so good. Hoping it will pick up this coming month of December as it the peak. Shalom!

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  • Michael    Oct 30, 2017

    Dear Lenders,

    I have chosen to reduce my weekly premium since i have recently moved my business to the capital of Kenya Nairobi, business is really picking and i have a better reception than in the upcountry, i would like a chance to re invest my profits at least for a week or two before business stabilizes again. Hoping for the best... Big city = great opportunities, will update you all on my progress. Shalom!

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  • Michael    Sep 25, 2017

    Business has not been so good this past week, had to trim down the repayment amount a little bit, but I speculate that this will be better this starting week and I will re-adjust back to the normal amount. Thank you

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  • Michael    Sep 22, 2017

    Dear Team,

    Hoping you are all well and that the Lord has kept you safe, I did my first repayment on the 18th of this month towards my loan, it has really helped me a lot, also looking foward to do the same for my next premium that will be due on 25th of this month, business is really good except for the fact that my internet connection has been really slow, refusing to upload photos but i will do that once it becomes a bit stable. Thank you so much all for your continued support, God bless you all, Shalom!

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  • Michael    Sep 12, 2017

    Dear Lenders,

    This is to let you know that I received my new loan, I would like to thank you all for coming through for me. I am overjoyed and will spend the money wisely on the business proposal that I made. will update you all with lots of photos and the new business venture. God bless you all. Shalom!

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  • Shikha P    Sep 5, 2017

    Dear Michael,

    Thank you for letting us know. Please send an email to [email protected] to resolve this problem.

    Kind Regards,
    Shikha
    The Zidisha Team

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  • Michael    Sep 5, 2017

    Dear Lenders,

    Hoping this finds you well and that you are all doing okay. This comes as an update of the error that I had not repaid my previous loan of 20,000KES or 192.77$. Today I received a refund of the same amount from Zidisha Inc. of the money that they had claimed I had not paid, this is a serious bug in their system so I have been left to send them an email asking the way forward whether to redeposit the amount or what to do next. I will update you all with the response I get, thank you

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  • Michael    Sep 1, 2017

    Dear Lenders,

    This is to let you know that I received an email today from Zidisha, stating that i never paid back my previous loan of 20,000KES, this is not the case as I fully re-paid the loan even before time. due to this error, it has negatively affected my profile in terms of how well I repay my loans. I have responded to the same mail from Zidisha with mobile money (MPESA) transaction codes as proof that I truly did repay the loan on time. This has to be a technical error and I am sure they will work round the clock to have it solved. I will update you all after I get a response. thank you for your continued support. God bless! Shalom!

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  • Michael    Aug 29, 2017

    Dear All....Sundstroms, Jane and David,

    First I take this opportunity to thank the Almighty God, for giving us life, and this opportunity and chance to serve him. I wish to say a mighty thank you to all of you for coming through for me and funding my loan, this kind gesture is highly appreciated and will not be left unpaid, I pray to the God I serve to increase your pockets and expand your boundaries. Thank you for the good work you are doing here at Zidisha, I will constantly update you all throughout this business venture. God bless you all once more. Will notify you once the money has been disbursed. Shalom!

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  • David Yang    Aug 29, 2017

    I pray God will fill you with wisdom, strength, and His power as you seek Him day by day. Look forward to hearing updates.

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  • Jane    Aug 28, 2017

    :)

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  • Michael    Aug 28, 2017

    Dear Sundstroms,

    Thanks for initiating funding of my loan, God bless.

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  • Michael    Aug 25, 2017

    Do all the good you can,
    By all the means you can,
    In all the ways you can,
    In all the places you can,
    At all the times you can,
    To all the people you can,
    As long as ever you can.

    Have a blessed day all

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  • Michael    Aug 24, 2017

    Kind Lenders,

    Hoping this finds you well, I now have only 8 days left till my loan proposal expires, I am kindly requesting all of you who believe in me and my projects to kindly fund my loan, I promise to pay back on time as I always do. Thank you.

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    • (Comment deleted by author)

  • Michael    Aug 23, 2017

    I couldn't help but post these two love birds, I love wild animals, hoping you do too. Make it a plan in one of your holidays, tembea Kenya,(Visit Kenya) you will not regret it. Have a wonderful day dear lenders,

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