Buy speaker cabinet for music installation bussiness

John

Nairobi, Kenya

4% repaid

Entrepreneur

Name

John

Member since

May 2015

On-time repayments

221 installments  •  10%

About Me

Am john maina from kiambu county in the central province of kenya ,growing up in central province mad me learn to do business at a tender age, My dad was a mechanic and a farmer my mum is a nurse and i am working as a customer service attendant at a car sale show in limuru town.
i love driving and my passion is in music system installation,i learned this skill from my dad whom used to repair cars so while i was young i used to accompany him to the garage and this where i got the skills to set a music system in cars is pretty simple and everyone can do this but it take as profession or a experienced person to do it perfectly and bring the sound out of the speakers correctly and balanced,understanding simple amplifies connection and fixing speakers is what i do perfectly.
grew up with business oriented people so i adapted this from childhood.
After college i became stranded for years and hustle became my way of life i began doing touting at limuru stage and after savings and i managed to take as course in customer service.
A friend got me a job at a car sell yard and this is where i work and get paid monthly 110USD.
i have this young brother of mine and would like to help him achieve is dreams of becoming a air hostess in future.

My Business

my business is done under the same place where am employed and what i do is to fix music system to cars
When a customer wants to sell his or her car he does some repairs and most people are attracted to cars with music so my boss gave me a chance to be doing that to clients whom are interested.
Alongside my salary of 110usd i get two to five cars in a day and charge a fee of 9 USD to install a good music system this sums to a average of 200 usd a month.
I use the money to pay for my brothers school fee and sort my basic needs like paying food,housing and clothing.
i have no typical cost because once a customer buys the system all i do is charge a service fee.
their is demand in this business especial to youths whom buy olskol cars and wants the music system loud.

Loan Proposal

Thank you
When i receive my loan i will use it to buy a set of cabinets for speakers and cables at 15 us dollars each. A set is 12 items this will cost me 190 us dollars.
I have a demand of cabinet as many public buses are instaling big speakers so as to attract young custormers. The demand has risen so i thot instead of me buying one cabinet it will be cheaper to buy a set and after selling i will make my profits and also charge labour fee.
This profit increase will improve my life and and expand my bussiness and repaying the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$190.00

Date disbursed

Dec 8, 2015

Repayment status

Late

Projected term

47 months

Other loans

Lenders

Zidisha

Sterling, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

mepster

San Francisco, Ca, United States

PG

Paul Graham

United States

SV

Salim Virji

United States

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