Entrepreneur
Name
Weldon
Member since
July 2016
On-time repayments
61 installments • 100%
About Me
My name is Weldon, I was born in Nakuru County at a family of five. I was raised up and schooled in the same area where I attended Ewaat primary schooled and letter join Ewaat Secondary school. My life in school was not easy because i encounter a lot of difficulties in paying my school because my parents would not gathered for both food and education which force me to repeat some of the classes. This force me to drop school for a while and start a business to help me raise some money in order to continue with my schooling. I decided to start an electronic shop where I will be selling some of the spare parts of electronics like speakers, ICs, memory cards, battery and earphones. people in my area do not still embrace change, they still practice early marriages to their girls and boys still undergo traditional initiation. I would like to have a stable family, with son and daughters who are well schooled and who embrace change in my society.
My Business
My business is an Electronic shop located in Mauche center, selling some of the spare parts of electronics like speakers, ICs, memory cards, battery and earphones. This is because they are in high demand since the center is far apart from big towns like Nakuru which force people to buy electronics in my shop considering the distance and expenses. I choose this kind of business because I can also repair electronics appliances like Radio and TV which give me a good knowledge on the requirements of the customers. The cost of running this kind of business is not much because some time clients pay deposit in advance for an item he/she want and wait for re-order period until it arrive. The only big expense is rent which is 20$ per month and normal operational cost in the business which is approximate 30$ per month . I normally use the little profit I get in reinvesting in the business and some in daily basic need like clothing and food.
Loan Proposal
with my loan of 150$, I plan to buy inventories for my shop. I plan to buy 50 phone chargers each costing 1$ making a total cost of 90$. I plan again to buy,20 phone memory SD cards each costing 2$ making a total of 20$. With the remaining 30$, I will buy phone housing and protective classes. With all that inventories in my business, I anticipate getting an increased income to a total of 20$. My business will grow at about 25% after i finish repay back the loan.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$147.00
Date disbursed
Feb 15, 2017
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Minneapolis, Minnesota, United States
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João Madureira May 10, 2017
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