Importing phone spare parts from China

Dennis Kariuki

Tassia, Kenya

62% repaid

Entrepreneur

Name

Dennis Kariuki

Member since

January 2015

On-time repayments

329 installments  •  76%

About Me

I was born in Karingari, Nembure sub location, Embu District, now Embu county on 6th January 1991. I am the last born in a family of three boys. I went to Nembure Primary School in my locality and later joined Kangaru School. Due to lack of school fees I was transferred to St Christopher mixed day Secondary School. In 2010, after high school moved to Nairobi where I first worked as a messenger for a real estate management company. After one year I joined hands with my cousin and opened a movie shop in fedha Estate. After some months of poor performance my business partner gave up and wanted the shop to be sold. I agreed to refund him the money he had spent in monthly installments. After several months of struggle I had cleared his debt. The business had already peaked but the worse happened, due to expansion of Outer ring road in Nairobi we were issued with a vacation notice and I had to transfer my business
After that I secured another business room in November 2012 and set up my business, this time round I had made some expansion. I had phone accessories and electronic good like sub woofers. A month later, on December 12th my shop was robbed off everything. This literally paralyzed me. I worked as a free lancer for some months then in 2013 April I started an electronic shop in tassia where I run up to date.
In the year 2016 I set up another business but it was vandalized during the post election demonstrations. Am currently working on another shop in Nairobi Cbd where am dealing with phone spares. Hope all goes well. Thank you.

My Business

I run an electronic shop based in tassia. I sell Phone accessories, bulbs, bulb holders,head phones, USB cables among other products. I also deal with electricals such as wall sockets, wall switches and wires.
So far i have acquired loan five times. With the first three loans i have been able to add more stock to the shop. I purchased sub woofers and DVD players. This has really boosted my monthly income by more than 60%,all thinks to the zidisha team.
I also started dealing with cooking gas cylinders courtesy of the forth loan of kes 43500 with i used to buy complete gas cylinders with gas and also constructed a lockable metallic grill cage for security and display purposes of the cooking gas cylinders.
With my previous loan, which was the fifth one I was able to purchase television sets and some other minor things.
The business is now performing well but I believe with even more stock and variety of products it can perform even better beyond expectations.The market around is favorable for such a business but enough capital is a major hindrance to development
The main costs involved are the licenses and the rent, the others are minor e.g electricity bill. The profit raised is used to cater for my basic needs, take care of my parents, help the needy where I can and use the rest to add some stock

Loan Proposal

Hello lenders, since my last experience with setting up a business along the highway didn't turn out to be the best, I decided to look for greener pastures in the heart of Nairobi. I secured a place in a stall where we share with my friend and split the monthly rental charges. I decided to venture into selling mobile phone spares such replacement screens, charging systems(plates and ports), sim trays, power and volume keys, glass back covers and phone housings.
I was motivated by the fact that almost every kenyan above the age of 15 years has a smartphone regardless of whether its high end or just a budget phone. While I was in my business in tassia I could loads of people requesting for phone repair services which I didn't offer. I considered Nairobi CBD area due to the high number of people from different part of the countries and also accessibility of spares within the town unlike outskirts.
Due to shortage of capital, i decided to begin with importing spares for the budget smart phones like tecno, infinix and wiko. I began my activities in town around July and since then I have made contacts with some Chinese suppliers and I have been able to make to two purchases from them. In the first consignment, I acquired sim trays and charging systems worth Kshs 50,000. In the last order I was able to purchase LCDs replacement screens worth Kshs 139,000. I spent around Kshs 150000 on this purchase including freight and clearing charges.
I have made another order and the invoice has been sent to me via wechat. In this order I intend to add sim trays, fingerprint sensor replacement, on demand LCDs, on demand charging systems and phone housing for variety.
I intend to apply for a loan of kshs 130,000 from Zidisha to complete my order which is short of kshs 115,000. I will the remaining balance of kshs 15, 000 for clearing charges. I will attach an image of the invoice below because the break down will be too long.
I greatly appreciate your assistance and commitment in uplifting the lives of us upcoming business people. Am honored to be a borrower of zidisha. Thanks once more

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,279.43

Date disbursed

Dec 11, 2018

Repayment status

Late

Projected term

36 months

Cost to entrepreneur

Service fee: $53.90

Credit risk payment: $377.37

Lenders

HI

Highly Improbable

Saskatoon, Canada

investor

Candiac, Canada

torelizer

Reggio Emilia, Italy

BrassHat

Boston, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

DeanDropshot

Oslo, Norway

I

Interfree

Dubai, United Arab Emirates

P

PlutusNOR

Trondheim, Norway

F

FHult

Stockholm, Sweden

L

ldron7

Utah, United States

Pere

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

MakeSense

-, St. Kitts and Nevis

C

cjmenchaca

Austin, United States

BJ

Brandon Joz

North Carolina, United States

Jeff and Marcie

Portland, OR, United States

kuebel

Vienna, Austria

N

NancyG

Victoria, Canada

C

chrisherron

Chicago, United States

Sundstroms

Falun, Sweden

ElWal

Kirn, Germany

F

fhlsk

Potsdam, Germany

D

duckdork

De Forest, United States

Erica

Caledon, Canada

E

ebronken

Oslo, Norway

Cloudways

Malta, Malta

IA

Ismini and Jerry

Stamford, USA, United States

J

jzidi

Los Angeles, United States

lorello

Vicopisano, Italy

G

Goodwill

Oakland, United States

peanut

Halifax, Canada

S

Sherry

Pittsburgh, United States

ads68

Melbourne, Australia

M

michaelangers

Toronto, Canada

Christopher

Copenhagen, Denmark

swendl

Iowa, United States

H

Hotaru

Melbourne, Australia

LadyPhi

Ontario, Canada

A

amnesiac

Adelaide, Australia

D

Dave22202

Arlington VA, United States

Alina

Amsterdam, Netherlands

LendingFromGermany

Gießen, Germany

A

Aaron

Zurich, Switzerland

Z

zblongladder

Somerville, United States

C

Casaderanas

Adelaide, Australia

Cadwah

Barcelona, Spain

C

ctran

KY, United States

M

Mooper

Los Angeles, United States

D

djschin

Heber City, United States

worldcitizen

Kutztown, Pa, United States

C

cescotet

Needham, United States

D

Diane

Blue Hill, United States

RandyPetersen1

Colorado Springs, United States

R

Roxyclark

Heber City, United States

ButterfieldFamily

Heber City, United States

J

JW1992

Sheffield, United Kingdom

A

Alisa

from, Japan

C

Christougher

Osaka, Japan

B

Bluejay

Magrath, Canada

OlyRhys

Olympia, United States

A

AspyerGroup

Longview, United States

jennyams

Albany, United States

S

stillc

Nashville, United States

A

Aziza

Washington, United States

P

Peksa

Espoo, Finland

DT

Dru Tarr

Gloucester, United States

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

Sunnyside

Stafford, United Kingdom

E

emtesenair

Charlotte, United States

T

Taiwan

San Gabriel, United States

U

UsefulDrivel

Fort Worth, United States

M

mtlfire

Montreal, Canada

J

jackieric

Folsom, CA, United States

L

lilbsedz

Raleigh, United States

C

Christina345

London, United Kingdom

T

Tui1974

nuenen, Netherlands

P

PatB.

Alameda, CA, United States

R

Rearden

STAVANGER, Norway

IM

Isak Maaseide

Tromso, Norway, Norway

A

Andy

Berlin, United States

G

glh25

Winooski, United States

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

caz32

chertsey, United Kingdom

C

Colmena

Chicago, United States

Zal0m0n

Atlantis!!!! x), Mauritania

A

AndrewC

London, United Kingdom

gseletko

South Perth, Australia

S

Sreval

Manly, Australia

L

Leonora

TÄBY, Sweden

mojobob

Hayward, United States

soniad

Dubai, United Arab Emirates

tonnyschonewille

Maastricht, Netherlands

ibc123

Seattle, United States

xtrahardware

Cazenovia, United States

E

E

Marin county, United States

Freewolf

Salt Lake City, United States

G

GanSatya

United States

sderickson

Berkeley, CA, United States

G

GoughGirl

Washington, Dc, United States

R

roozbeh

United States

M

Marko

Helsinki, Finland

P

plhughes

United States

B

bugdaniel

Switzerland

S

sarah4d2

Saint Louis, United States

J

jsbisa

New Orleans, Louisiana, United States

R

RonEddy

United States

TyWee

Manila, Philippines

B

bscent

Hong Kong

X

Xankari

Netherlands

W

wesbh89

United States

M

Microfinance

United States

Grant Xavier Storer

Seattle, Wa, United States

Loungin

United States

S

shivasj

United States

Pascal Coyles

Ghent, Belgium

L

Lagrange

United States

SV

sven vdk

Twickenham, United Kingdom

TheGoodData

London, United Kingdom

M

M.Umar

Pakistan

PolarBearCapital

United States

SuperMario28

Cudahy, United States

KieranB

Ireland

J

JeremyR

United States

M

mbarbier

United States

Mike and Jacqui

United Kingdom

HL

Holly Laird

Austin, United States

S

Stephan

Netherlands

K

Kristiina

All Countries

KM

Kirsty M

United Kingdom

S

Sven

Netherlands

Dave Bogard

New York, United States

Franmiguel

Perth, Australia

R

Robert

Berlin, Germany

Elias

Ulm, Germany

MD

Miles Dodge

CORVALLIS, United States

SMOICE

Berlin, Germany

Lukas Petereit

Frankfurt, Germany

MW

Matt Willis

United States

W

Wade

United States

Lou Kaucic

Sanbornton, NH, United States

CN

Cyprien Noel

United States

Kevin

San Francisco, United States

JC

JD Conley

United States

M

Marc

Newcastle upon Tyne, United Kingdom

EB

Erica Brescia

United States

Jennifer Weber

Canandaigua, Ny, United States

V

Vivek

Arlington, VA, United States

Mouhamed

United States

MH

Matt Harris

United States

C

cota

United States

John Prendiville

Portland, United States

YM

Yelka Mikolji

United States

Z

zaroastra

somewhere over the rainbow, Portugal

TH

tom hd

United Kingdom

BB

Ben Bellows

United States

MR

Michiel Rauws

San Francisco, Netherlands

Carla

Amsterdam, Netherlands

Pedro R-C

Cambridge, United States

N

Nick

United States

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

A

Andrei

United States

Christopher Hey

Sudbury, Canada

S

Sean

Phoenix AZ, United States

Taylor

Memphis, United States

Elise E

United States

Thomas

Sweden, Sweden

D

Dermo

Dublin, Ireland

JC

Justin cohan

United States

P

Phips

Switzerland

I

isaac

United Kingdom

RC

Rudi Chen

United States

A

Adam

United Kingdom

Angela Linwood

Minneapolis, Minnesota, United States

RG

Ravi Gadad

United States

SS

Sam Smithson

United Kingdom

J

Jon

United States

S

Suzannah

New York City, United States

H

Hans

Czech Republic

Benjamin Kniaz

Boston, United States

JA

Joshua Axtell

United States

SM

Sue MacFarlane

United Kingdom

NM

Nitya Marepally

San Ramon, CA, United States

Day Family

Melbourne, Australia

MM

MB McKenna

United States

VC

Victor Chong

United States

Grégoire

Zurich, Switzerland

R

Ryan

Albuquerque, NM, United States

R

Ralf

Germany

Ellen

Michigan, United States

HCPSPIRIT

Helsinki, Finland

Dean Suminski

Portland, Oregon, United States

Jean Wren Chan

United States

S

Southbanker

Reading, United Kingdom

Paul Thompson

York, United Kingdom

JF

J Fister

United States

R

RMIM

United States

DW

Dan Winetsky

United States

Katja

Switzerland

Tyler Metcalf

Utah, United States

S

Sarah

Arlington, United States

A

Alex

United States

ZS

Zach Silveira

Asheville, Nc, United States

John Barnett

United States

S

S

Canberra, Australia

KJ

Karin Joy

Philadelphia, PA, USA, United States

AS

Adam Sandland

United States

A

Anne

United Kingdom

Chris

Zurich, Switzerland

SL

Sue L

Singapore

MW

Matt Winkler

United States, Canada

MP

Michael Poley

United States

Ronald

Dättwil, Switzerland

NS

Natalie Stone

United States

BG

Bruce Garretson

Portland, Oregon, United States

RD

Roel De Meester

Antwerpen, Belgium

LM

Lee Montecucco

Washington State, United States

D

Daniel

Hong Kong

AM

Andy Marston

United Kingdom

Claire Lewis

Wales Uk, United Kingdom

AA

Andrew and Kim

Nashville, TN, United States

J

JB

Germany

KB

Kevin Burch

United Kingdom

Richard Paulin

Melbourne, Australia

MH

Matt Hodges

United Kingdom

Alisha Gallini

United States

CJ

Chloe Jensen

United States

Remo

Switzerland

FD

Florin Draghici

United Kingdom

ET

Emma Turner

United Kingdom

We Not Me

St. Paul, Minnesota, United States

Ryan

Germany

ET

Eleanor Taig

United Kingdom

Girolamo Marroccoli

Basel, Switzerland

LT

Lisa Taylor

California, United States

H

hayeswmiller

United States

EA

Eric Ayers

Atlanta, United States

SW

SL Wilson

United States

AF

Amon Feen

Göttingen, Germany

KA

Kate and Tom

United States

BS

Brendan Scanlon

Troy, United States

M

Mika

Switzerland

A

Ana

Australia

Lois Freisleben

Arcata, CA, United States

BH

Brad Holaway

Scottsdale, United States

Andrew

United States

B

Bram

Germany

Nathan

Columbus, United States

CA

Chad Aboud

Toronto, Canada

Angela Chu

Toronto, Canada

M

mhuuden

Netherlands

KO

Kenneth Oram

United Kingdom

A

Atte

Netherlands

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