Electronics business expansion

John

Bungoma, Kenya

100% repaid

Entrepreneur

Name

John

Member since

September 2017

On-time repayments

33 installments  •  64%

About Me

Hello, my name is John Ridge of Ridge Enterprises in Kenya. I am a student at the Moi university Annex campus. I decided to start my venture to aid in the payment of my fees and maintenance of my upkeep. I am lively, humble and hardworking. I have tried my best to be a good entrepreneur and so far I have achieved a good return from being industrious. If you are reading this, have an awesome day or night regardless of whatever is happening around you.

My Business

Ridge Enterprises was founded in 2016 when I joined campus to satisfy the ever growing demand for electronics and appliances. It deals in the sale and resale of electronics and home appliances. It also doubles up as a repair shop because my interest has always been in technology, so I taught myself how to fix them. It is a good returns business that needs growth as well as investors to fully be in function. I am proud of the steps I have taken since starting this business. It is located in Uasin Gishu of Kenya and mainly deals in mobile phones and Laptops. Operational costs mainly arise from utility bills and the periodic restocking of the venture. Revenue is generated through payment for labor provided during fixing of electronics and the sale of other devices.

Loan Proposal

I'll get supplies for the shop. I'll use the loan to supplement cash I already have in order to deliver new and improved products for my customers

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Feb 17, 2019

Repayment status

On Time

Projected term

3 weeks

Lenders

Sundstroms

Falun, Sweden

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