Electricity bill loan

Jackson

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Jackson

Member since

June 2017

On-time repayments

26 installments  •  77%

About Me

I was born in kenya bt my father is a Tanzanian so due to that i have a Tanzanian passport. I studied my primary education in nairobi and transfered to Tanzania for secondary school where i did my form 4&6. After that i went to The institute of finance management which is based in Dar-es-salaam, Tanzania and graduated with a bachelor degree in accounting. Before i joined the institute my dad died and it was hard for me to survive in campus because my mother is not working the school fee was handled by the government of Tanzania through student loan.
I passed through a hard time in campus and i hard to work during the day and study in the evening to make my accomodation and food expenses, and through that i achieved my goal that was to complete my studies.
The idea of my business came about when i graduated the job market was not that good to me so i had to go back home to my mother in nairobi. With my entreprenueral skills i accuared in school i started my business due to luck of employment in both kenya and Tanzania.
Kenya is unique through many things people are hardworking the infrastruture is good which facilitate good flow of business. There is wildlife and my attractive tourist attractions like good beaches in the coastal area.
I am not married yet so due to that i have no children.
I passtime through playing football and working out am a good footballer if i had not studied i could be playing football as a job but oppotunities passed me when i was in school.

My Business

My business is a movie and phone accessories distribution business and playstation lodge. So my products are movies,phone accessories and games.
Movies like series are very popular and all kind of people demand them so the demand is high and nowadays everyone plays games and playing alone is kind of boring so in a lodge people live there homes to game lodges.
I choose this kind of business because i have pasion for movies and games so doing it i also enjoy my business.
My costs are like the fixed cost like rent,electricity, stocking cost and maintainance of the machines like playstation game and the computer for burning the movies. My revenue vary from month to month but it ranges from 25000ksh and 30000ksh.
I use the money to improve the business because the business is not yet fully settled there many customers but there is a shortage of resourses due to minimal funding.

Loan Proposal

The loan will help me pay my monthly electricity bill.Which will help my movie business operate swiftly and continue growing. The bill cost 10 dollars and if i get that boost am very sure i will generate more income during the month because my target market which are the students from schools will be home hence high movie demand and more income for me. With the loan's help i will maximize my profit in the without stress of the electricity bill.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$12.00

Date disbursed

Jul 30, 2017

Repayment status

On Time

Projected term

4 weeks

Lenders

M

Moonknight

Østre Gausdal, Norway

PG

Paul Graham

United States

Isabella

UK, United Kingdom

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

J

JB

Germany

G

Gabi

Turkey

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