19 installments • 84%
I live in Kiptangwanyi shopping center which is approximately 45km from Nakuru town. Nakuru town is our nearest major town within this area. I am married with two children who are all in school. I live in plot number 54 at the shopping center where I carry out my business with my family. My business entails a phone accessories shop here at the shopping center. I sell all sort of phone accessories and I also do repair mobile phones.
My business entails the service of phone repair and sale of phone accessories. I sell mobile phone accessories and also do repair any damaged phone. I also blow dry those phone that have been damaged by liquids such as water. The main challenges that this business encounters are lack of finance to add stock to my business to expand it and frequent power disruption at the shopping center
I would like to use my loan to purchase an SMD machine. This is a multipurpose machine that is used to clean, blow and dry mobile phones that have fallen in liquids. Secondly, I would also like to add more stock of mobile phone accessories in my business. These includes covers, keypads and other parts of the mobile phones that gets worn out easily.
Sep 14, 2012
Cost to entrepreneur
Lender interest: $498.57 at 6.45% annual rate over 20 months = $56.01
Service fee: $29.93