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.
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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
Fontvielle, Monaco, Yemen
Taiwan
United States
United States
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