Entrepreneur
Name
John
Member since
July 2014
On-time repayments
31 installments • 55%
About Me
My names are John Bagare Odindo, I am a male Kenyan citizen by birth of sound mind from Western Province, Vihiga County part of Western province I am the first born in a family of 4 three brothers and 1 sister.
My geographical ancestral home is located one kilometre from Luanda town from where i operate a small sole proprietor enterpreneural business, which i started immediately 2 years after i finished my O-level education. Venturing in this type of business was so challenging especially in facilitating for funds to kick-start it. Through help of my friends and my childhood savings God favoured me and i managed to start it.
During my free time I like am reading magazines, newspapers, watching entertaining and educating movies, making new friends and I also love browsing through the Internet.
My Business
Since i finished my o-level education, i have dedicated most my time to computers, partially I also offer phone repairing and phone flushing services.
With the small profits I get from my business, I have been able to secure three second hand desktop personal computers worthy Kshs. 36,000/= (USD 450) and three second hand Notebook Pcs for Kshs. 40,000/=) (USD 500) which i have in my business, I have two workers of whom i pay them on daily basis Kshs. 320/= (USD 4) each, I do pay house rent Kshs. 3,500/=) monthly, also i do pay electricity bill Kshs. 1,900/= monthly. I use the profits from my business to cater for my basic needs and family needs . I also use some of the profits to add to my stock by buying new accessories.
The source of income that will be used to re-pay the loan will come from my business which offers computer services like typesetting, printing, scanning, computer repair, photograph taking and printing, computer software installation services, sales from computer accessories like; mouse, power cables, keyboards, sales from stationeries like; envelopes, photo papers, photocopying papers, printer repair services, sales from optical disks, I will also use money from phone repairs and flushing. I prefer this kind of business because it is much profitable, enjoyable to run and easy to manage.
On daily basis am able to save Kshs. 2,080/= (USD 24) from my business after I have deducted all expenditures of the day hence I only have few items with me. The major problem my business has is power blackout which takes more time to be repaid.
The reasons that I want to use the loan funds is to expand my business itself by having more stock by buying new products because they are highly in demand in Luanda town. This will have an impact on my lifestyle because when I get more income I will also have enough money that I will be saving. In future I intend to be a computer teacher.
The loan will be repaid from cash accumulated from phone repair, phone flushing and general computer services.
Loan Proposal
i intend to buy mobile programming/flashing device which costs approximately $200. i believe with such a device in my area of operation i will be able to record an extra income since flashing a mobile phone in my area costs minimumly $2 and according to my research i'll be able to serve atleast 2 new customers on a daily basis, $120 monthly which is estimatedly $1440 on a yearly basis which am sure with time it will be more. Such flashing services in my area are rare those of us who offer such like services operate on customers trust whereby a client trusts you and agrees to leave behind his phone for repair and i take it to kisumu which is about 50kilometres from my place of work. i also believe having such a machine within my business will help us grow big by empowering my workers, and also provide support to my family and a few needy youths and friends who are within my locality. I believe i reach my goals in life with your support. Thank you and God bless.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$196.00
Date disbursed
Jan 26, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
Logan, United States
Yau Yat Chuen, Hong Kong
Lincoln, United States
Singapore, Singapore
South Bend, United States
Mountain View, United States
[email protected], United States
Ellesmere Port, United Kingdom
Ask John a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...