Binoculars and telescope sales

Dominic Karanja

Nairobi, Kenya

9% repaid

Entrepreneur

Name

Dominic Karanja

Location

Nairobi, Kenya

On-time repayments

13 weekly 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.

Feedback

1

None

None

  • 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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Loan Info

Project Type

Classic Loan

Disbursed amount

$205.78

Date disbursed

Apr 20, 2021

Repayment status

Late

Projected term

5 weeks

Cost to entrepreneur

Service fee: $10.29

Credit risk payment: $30.86

Lenders

A

Anninymouse

Southampton, United Kingdom

BrassHat

Boston, United States

AltruisticSelfishnes

Chicago, United States

lietu

Tallinn, Estonia

B

Bpryse

Long beach, United States

MarktheMormon

Sandy, Utah, United States

JimVandegriff

Trinidad, California, United States

S

Simurgh

Madison, WI, United States

Gillis

Helsinki, Finland

D

Divergent

Bethesda, United States

Cloudways

Malta, Malta

A

Andy

Berlin, United States

G

Goldrivermob

Gold River, Canada

ibc123

Seattle, United States

sderickson

Berkeley, CA, United States

M

Mullagh

United Kingdom

B

bscent

Hong Kong

Vesa

Helsinki, Finland

R

rokbe

Netherlands

S

Stephan

Netherlands

K

Kristiina

All Countries

S

Sven

Netherlands

Dave Bogard

New York, United States

LJ

United States

KD

Kent Don

United States

ME

Manaal Eisa

Washington DC, United States

Aran Dunlop

United States

Paul Smithson

Leeds, United Kingdom

Ren

Minneapolis/StPaul, United States

Vratik Krocik

Prague, Czech Republic

T

TP

United States

E

EJOBIV

United States

Rosella

Australia

A

Axel

Berlin, Germany

Black and White Zebra

Vancouver, Canada

JI

James Innes

United Kingdom

Andrew

Seattle, United States

JM

Jack Marpic

United States

Ask Dominic a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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