Buying mobile phone for sale

Joseph Kamamathi

Limuru, Kenya

100% repaid

Entrepreneur

Name

Joseph Kamamathi

Member since

March 2015

On-time repayments

98 installments  •  21%

About Me

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.

My Business

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.

Loan Proposal

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$201.55

Date disbursed

Jun 2, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $7.95

Lenders

N

nani

austin, United States

Dianne

Maryville, United States

investor

Candiac, Canada

Umair Mahmood

Raleigh, United States

Johnny

shanghai, China

I

Interfree

Dubai, United Arab Emirates

F

faical

Cologne, Germany

Kysera

Crawfordsville, United States

T

thejacobnorton

Jubail, Saudi Arabia

S

SelvaMarcus

Green Cove Springs, United States

athomas

Chevy Chase, United States

D

DThirteen

Miami, United States

O

Oscart

Edmonton, Canada

Bruno

São Paulo, Brazil

Eduard

Dnepr, Ukraine

A

Adam3333

Hague, Netherlands

bycyt

Whitefish, United States

neocodesoftware

vancouver, Canada

isabelv

Barcelona, Spain, Sweden

mojobob

Hayward, United States

J

jinx83

Brisbane, Australia

A

Alexxa

Vancouver, Canada

E

E

Marin county, United States

M

mibrahim51

Mountain View, United States

E

elourenco

Porto, Portugal

L

lobotommy

OSLO, Norway

B

BobHope

United States

M

Malibu

Westwood, United States

D

drorm

United States

Jonas

Brussels, Belgium

G

geoff

United States

T

tommychheng

san francisco, United States

Paul Buchheit

Mountain View, United States

M

Michi

Switzerland

K

Karpet

Faroe Islands

Anu

India

H

heretohelp

Philippines

H

hodor

Australia

TyWee

Manila, Philippines

S

SaraNT

United States

I

idris

United States

S

SCHAC

Switzerland

tricia190

Liverpool, United Kingdom

S

stryker75

United States

SV

sven vdk

Twickenham, United Kingdom

M

M.Umar

Pakistan

A

adamdreaming

United States

J

JeremyR

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

D

Danny

Boca Raton, FL, United States

Family Mueller

Petershagen, Germany

N

Niels

Berlin, Germany

Cathy

Melbourne, Australia

MW

Matt Willis

United States

PG

Paul Graham

United States

JW

John Walsh

Alicante, Spain

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