Stocking Phones from China

Joanes

Obambo-siaya, Kenya

39% repaid

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How it Works

Entrepreneur

Name

Joanes

Member since

April 2014

On-time repayments

128 installments • 38%

About Me

i am a young married man with 2 children . i never made it to continue with school due to poverty in our family so i only went up to class 8 my talent was mostly i wanted to be an electric engineer but my dream died due to poverty . i went to avillage polytechnic which igot some knowledge on electric wiring i got basic only so i decided to start a business on electric goods since in my village nobody had that vision my dream is to grow and assist my young brothers who are behind me get better education . imet afriend from zidisha who encoraged me to join mr obare and i saw my dreams come true iwant to register for adult education and pasue my education through my business zidisha help me please

My Business

MY BUSINESS ; i started my business some 4 years ago after my parents lacked fees to pay fees for my secondary education i decided to go to a village polytechnic where i did my some short course on electric wiring i had a talent of electricals and so decided to do it so that i could begin reparing electric goods for people like i looked round i saw the demand was big . sand people in my village use to take and buy electric materials from kisumu and siaya town so i so it good to bring the services near hence high demand and few competition in the market . my business picked i repair radios tvs computers and i also sell electric spare parts for the same . my daily income is around 1300/=profit my monthly sells are 39000/= after geting the costs like transport rent tax licence i remain with a profit of 21000/= this is what i normaly use to buy food pay fees and other small house needs. my risks are sometimes i repair iteims and my customers delay to pay me this affects my business.

Loan Proposal

i will use the 110 dollars to buy china phones which are on very high demand due to reduced prices of the offer they give.this includes Nokia phones and Tecno phones.they are current touch screen and with better features compared to the ones i had stocked last time .i will buy 20 phones @600 kenya shillings which is is about 50 dollars each and sell or retail at 150 dollars making an interest of 150% this is an amazing interest i will repay within 4 weeks to apply for another loan so that i utilize the business opportunity at the moment .the booming business at hand .the profits will help me to repay the loan faster and gain more customers as well.