Name
Dominic
Member since
January 2021
On-time repayments
13 installments • 62%
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.
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 $600 Am looking to diversify my business and import more products rather than having to wait till I exhaust my stock before restocking. I would definitely be making more money but the fact that my start up capital is minimal I have to be patient. That is why I seek financial aid.
My business is currently operating on a low capital, if I was to get the loan, I would import more electronics and tech gadgets and also open up another branch preferably in another city so as to fulfill my current demand which is larger than my supply capability. If my business is given the loan I have calculated that the company is able to be worth about 10000$ in a period of less than 6 months.
The growth of the business has tremendously been attributed to our country Kenya being arguably on of Africa’s tech hubs and also a large youth population which is more 60% of the population. Given that the business is not agricultural based, it’s not likely to be affected by climate nor extreme weather patterns. I would also be able to repay the loan with my current profits from the business if I faced some financial difficulties in the way.
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$6.00
Date disbursed
Jan 14, 2021
Repayment status
On Time
Projected term
1 week
Other loans
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Erik G Mar 22, 2021
Dominic Apr 2, 2021
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