Electrical and electronics fittings shop

John

Nairobi, Kenya

100% repaid

Entrepreneur

Name

John

Member since

February 2015

On-time repayments

210 installments  •  33%

About Me

I had a great plan for my future,soon as I was done with my K.C.P.E and K.C.S.E exams where I passed with a B plain. Failing to secure a place in university, I opted to do Electrical installation. After obtaining a certificate I was at it again, this time obtaining a Diploma in Information Technology.I was able to get a short term employment but after It was done I tried to secure another employment to no avail. This made me to revert to my passion in electrical installation and repair. I have done this for about 2 years now.The uniqueness of the society I live in is that they believe in working hard for survival and laziness is a serious offense. I have a little daughter who is yet to get into school but I would like her to grow to be a hardworking engineer. During my free time, I play football,programming,surfing and watch a few football matches.

My Business

My industry is service industry. I do sell electrical fittings,repairs and installation . My field is ever expanding as economy grows.This means that people are building more houses thus requires my goods and services. I chose the business ,firstly it was my passion in early childhood and secondly I saw a business opportunity.my costs are mostly through buying of tools,overalls and electrical fittings and ducts. I use my profits for my own growth and business growth through reinvesting.

Loan Proposal

The loan will be used in stoking of my newly opened electrical shop. I will divide equally between items . example $20 dollars will be used in stocking of switches,bulbs,sockets and Holders. The other $200 will use to buy electrical cables in rolls and the rest $8 will be used in buying of electrical conduits. This will change my current status for the better. The bigger the stock the sales and in turn more profit. If I can gauge my profit will increase drastically in about 10% to 15%monthly. That will be a steady Growth.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$49.00

Date disbursed

Aug 26, 2016

Repayment status

On Time

Projected term

9 months

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

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