Electronics and mobile phone accessories

Samson Muriithi Muthike

Kitengela, Kenya

100% repaid

Entrepreneur

Name

Samson Muriithi Muthike

Member since

April 2015

On-time repayments

225 installments  •  78%

About Me

Hello Zidisha Family, my name is Samson. I am married and a father of two wonderful boys. I was born and raised in the Central part of Kenya where I went to school up to high school. After high school, I moved to Kitengela Town after getting employment in a textile factory. Kitengela is a vibrant town and has a lot of potential. I worked for two years after which I quit due to my passion to have my own business. In 2008 January, I started a small business of a video shop. My business has grown and now I have introduced electronics which seems promising due to many people moving from rural areas to towns and the demand for electronics is high. My profits go to school fees, family upkeep and expanding my business. My family is my joy and I want to give my children the best in education and any other assistance. I love travelling and adventure and watching movies in my free time.

My Business

My business deals with electronics, that is, TVs, music systems, bulbs and electrical appliances. This is a fast growing urban centre, so the demand is high. The profit goes between 30% to 40% in every stock sold. The stock replacement is regular, that is, three to four times in a month. Mostly the profits go to inventory, family upkeep and school fees. My future plan is to have a wholesale store and create employment.

Loan Proposal

Hello dear lenders, am so happy to have finished paying my 1st loan, the loan has helped my business to grow by 30%.I now can take care of the business and my family without much struggle, my loan repayment stands at 100% and will continue like this.I wish to request lenders for my a second loan.The loan that I will get will help me add some more stock to my business.That is I will purchase 3 tv set, @$45 eachand sell @ $55 to $60 each. The rest of the cash will go to set top boxes @ $8 each and sell at $13 each. The first stock when sold out will generate a profit of over $80 two to three weeks so by the time I finish my loan, I will have made over 100%. I would like to thank all lenders n advance and look forward to a positive response.

Show original English  

About Me

Hello Zidisha Family, my name is Samson, I am married and a father of two wonderful boys. I was born and raised in Central part of Kenya where I went to school up to high school. After high school, I moved to Kitengela Town after getting employment in a textile factory. Kitengela is a vibrant town and has alot of potential.I worked for two years after which i quit due passion to have my own business. In 2008 jan, I pstarted a small business of a video shop. My business has grown and now Ihave introduced electronics which seems promising due to many people moving from rural areas to towns and the demand for electronics is high. My profits goes to school fees , family upkeep and expanding business.My family is my Joy and I want to give my children the best in education and any other assistance. I love travelling and adventure and watching movies in my fre time.

My Business

My business deals with Electronics, that is Tvs, Music systems, bulbs and electrical appliances. This is a fast growing urban centre so the demand is high. The profit goes between 30% to 40% in every stock sold. The stock replacement is regular that is three to four times in a month. Mostly the profits goes to inventory, family upkeep and school fees. My future plans is to have a wholesale store and create employment.

Loan Proposal

Hello dear lenders, am so happy to have finished paying my 1st loan, the loan has helped my business to grow by 30%.I now can take care of the business and my family without much struggle, my loan repayment stands at 100% and will continue like this.I wish to request lenders for my a second loan.The loan that I will get will help me add some more stock to my business.That is I will purchase 3 tv set, @$45 eachand sell @ $55 to $60 each. The rest of the cash will go to set top boxes @ $8 each and sell at $13 each. The first stock when sold out will generate a profit of over $80 two to three weeks so by the time I finish my loan, I will have made over 100%. I would like to thank all lenders n advance and look forward to a positive response.

Feedback

1

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1

  • Day Family    Apr 25, 2019

    No loan or contact made after 6 months for a very large $2,500 loan.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$189.00

Date disbursed

Jul 7, 2015

Repayment status

On Time

Projected term

2 months

Lenders

MS

Mark S Yourek

United States

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