98 installments • 21%
My name is Joseph Kamamathi.I was born in 1980 in Ngarariga village in Kiambu county. I am a father of two daughters and one son .At my young age my father passed a way, so i had being raised by a single parent , that is my mother.In 1987 i joined Bibirioni primary school where i did my KCPE exam in the year 1995 . Let me say for those years life has not been easy because i was not 'born with a silver spoon in my mouth'. Most of the time i spent at home because of school fees .My mother could not raise my school fees .The job she had was not well paying and he had also to nurture my six brothers too.I t was so unfortunate for me because i did not proceed with my academics.I had to look for manual jobs to help my mother to put food on the table.my two daughters dream to become lawyers and my son dreams to be a doctor.
As i was struggling to look for a job, i meet a good Samaritan who helped me to put up an electronic shop. There i regained hope for becoming somebody . I was tired of staying stagnant in life.My business picked up well in few days and later i added Mpesa services.On daily services i earn an average net profit of 10 dollars and by the end of the month my average income is approximately 300dollars .I am sure and certain that when i get a loan i will be able to repay it without any difficulty.I really like doing business and my hobby is making friends. Out of my income i will pay school fees for my children.
i would like to apply for the second loan to purchase mobile phones . If you grant me a loan, i will be able to buy at least twenty mobile phone which will cost me 225$.So each phone will cost approximately 25$ in whole sale price.After sales am intending to make a hundred percent profit on each phone.since i have been selling phone accessories my customers have been requesting me to stock my shop with phones, so i have a ready market for the phones.The profit i will get will go towards paying school for my children and raise my family standard of living.In additional to that i will have amount to save for the future use.
Jun 2, 2015
Cost to entrepreneur
Service fee: $7.95