Binoculars and telescope sales

Dominic

Nairobi, Kenya

9% repaid

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How it Works

Entrepreneur

Name

Dominic

Member since

January 2021

On-time repayments

13 installments • 62%

About Me

I am a 25 year old adult male from Nairobi, Kenya, a graduant from Egerton University, Njoro. I pursued a degree in Applied Aquatic Sciences though my biggest passion lies in IT specifically software (mobile and PC) development. I’d like one day to be part of Africa’s most promising ICT company which in the meantime I’ll assume is my company. I have some of the biggest aspirations and dreams of ground breaking projects which are yet to be unlocked.

My Business

I own a company by the name of PupilMaxx Technologies which I started in 2020. I specialize in sale of imported electronics and gadgets which are not easy to find in Kenya but have a large demand such as high end PC graphic cards, binoculars and such.
I started off with goods worth $200 and resold them for about $600 Am looking to diversify my business and import more products rather than having to wait till I exhaust my stock before restocking. I would definitely be making more money but the fact that my start up capital is minimal I have to be patient. That is why I seek financial aid.

Loan Proposal

Business has been great and so far am quite blessed because I couldn’t foresee all this happening so quickly. Currently I have people who are interested in night vision binoculars which go for about $120 on Amazon. I plan on adding them to my inventory and also stock up some more telescopes. As things are going I’ll probably have to seek an alternative means of delivering these bulky telescopes (18kg) so hopefully in future I’ll be proposing for a loan to buy a delivery minivan.

Income Source

It’s always important to plan for the unexpected and in my case, in the event that all things don’t go as expected, I would repay my loan through the business savings account. However, am quite optimistic given growth of online ordering and delivery business especially during this pandemic.

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EG
Erik G Mar 22, 2021

Great communication and updates from Dominic and 100% repayment track record as he slowly and steadily builds up his business.

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- Dominic Apr 2, 2021
  
  Thanks to all of you for your support, I couldn’t do it without you guys!
  
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