Electronics supply loan

Joseph

Juja, Kenya

100% repaid

Entrepreneur

Name

Joseph

Member since

January 2018

On-time repayments

31 installments  •  16%

About Me

I was born and brought up in rural county of Nyeri in the republic of Kenya 43 years ago in family of ten siblings.

I attended school and graduated in 1999 upon which I started looking for job to enable me to contribute towards educating my younger siblings since my parents were not financially stable .
After graduating I first engaged in the business of selling second hand shoes popularly known as mitumba.
Later I got a teaching job (which was not paying well) and then after that I started insurance sales.After doing insurance sales for 10 years I started an electronic business which has now picked very well and I am planning to expand it.
I love business ventures more than being employed and that why I seeking capital to push it to the next level.
currently my stock is worth 300,00 Kenya shilling and am optimistic that will grow.
I will really appreciate if you come to my assistance.
I am planning to buy more stocks with the next loan.
Thanks.

My Business

I am currently selling electronic such as tv sets ,woofer,mobile phones,mobile phones accessories etc.
My stock is valued at ksh.300,000.
I wish to add the stock for the fast moving items such as the mobile phones and accessories.

I need ksh 100,000 to enable me stock the high demand items.

Loan Proposal

items that I wish to purchase:
chargers--------US$ 10. profit-----US$ 2
screen guards----US$50.profit---US$ 20.
Earphones------US$.20. profit---US$ 5
Phones-------US$ 75. Profit------US$ 25.
NB:This is based on the limit of the amount that I can borrow.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$95.00

Date disbursed

Feb 24, 2018

Repayment status

On Time

Projected term

4 months

Lenders

G D Export

Kolkata, India

sderickson

Berkeley, CA, United States

D

drorm

United States

A

Andrei

United States

RG

Ravi Gadad

United States

WS

Warren Shen

United States

R

Ralf

Germany

HCPSPIRIT

Helsinki, Finland

L

Liam

New Zealand

Paul Buchheit

Mountain View, United States

Annie

New York, NY, United States

Nethanel Kohen

NYC, United States

AB

Ashira Blazer

United States

S

SallyM

United States

Ask Joseph a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Joseph    Jun 17, 2023

    Thank you for funding my poultry project.
    I intend to increase my stock of chicken by buying 15 chicks by the end of July 2023.

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  • Joseph    Jun 17, 2023

    With the last lending ,I was able to and stock of chicken by 10.
    I intend to have 100,000 by the end of the year.

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  • Joseph    May 11, 2023

    I wish to express my gratitude to my supporter M/s Krish.
    I received the funds and intend to use it in the project .ie increase the stock of layers.
    I appreciate.

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  • Joseph    May 10, 2023

    Thanks Krish for accepting to fund me to enable me expand my poultry project.
    I am grateful for the kind gesture that you have extended to me.
    I will repay back in good time.
    Thanks.

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  • Lotus Flower    Mar 31, 2019

    Joseph, please be aware:

    Lenders cannot help you with anything technical or administrative.
    Therefore, this isn't the correct place to try to reach the Staff,
    which currently is comprised of only two (2) people: www.zidisha.org/team.

    For more information, please read
    here: www.zidisha.org/loan/buying...
    and here: www.zidisha.org/loan/busine...

    Thanks, and best wishes.

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  • Joseph    Mar 31, 2019

    I wish to spend the loan applied hereby to buy additional stock.
    Business was down in the last 6months but it picking up due to favorable political environment.
    Kindly fund my business.

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  • Joseph    Jul 2, 2018

    I have been going through hard times financially .I expect some good payment end of this July.
    Kindly adjust my repayment period and amounts.

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  • Francis    Apr 16, 2018

    We have talked with Mr Joseph and have assured to repay,reasons being the business is at lowest point at the moment

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  • Joseph    Apr 15, 2018

    I am facing some financing challenges due low volume of business.
    I am optimistic it will improve.

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  • Francis    Mar 28, 2018

    He has promised to repay his loan,have also advised him to re-schedule his payment program to an affordable amount

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  • Joseph    Mar 8, 2018

    Hello good people!
    I wish to take this opportunity to thank you so much for the continued support that you have availed to me.

    The funds has helped in buying of stock for my small shop.
    I bought mobile phone accessories which I am still selling and restocking.
    I specifically bought earphones,batteries,simple mobile phones among others.

    I am planning to expand to include sales of computers and their accessories in future.
    I thank you once again and I will repay all the loan advanced.
    Kindly regards,
    Joseph Mwangi.

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  • Joseph    Feb 22, 2018

    Hello good people,
    I would like to sincerely thank you all for extending loan to me.
    I promise to spend the funds properly for maximum benefit to my business.
    I intend to buy more stock of the fast selling items .In particular I intend to spend on phone batteries,earphones,screen guards, low cost mobiles phones etc.
    The profit margins for these items average is 30%.
    Thanks once again.

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