Spare TV parts and mobile phone flashing toolbox for second hand shop
Anthony
Kayole, Embakasi,nairobi, Kenya
100% repaid
Entrepreneur
Name
Anthony
Member since
March 2016
On-time repayments
236 installments • 66%
About Me
i went to school at mukui primary in 1993 and dropped out in class seven due to lack of school fees. Then i was employed as garden helper for seven years up to 2008when i joined Fyko chemical company up to 2015 July when i was rendered jobless due to company retrenchment of employees.i used my hard earned savings to start a business in Tassia estate, Embakasi, Nairobi. While i was in FYKO chemicals company i used to visit a friend who does repair electronics and from him i acquired basic knowledge on electronics repair and maintenance.
My Business
I deal with general buying and selling of second hand goods ranging from electronics to furniture, house holds to office equipment, fridges coolers and many more. i also do Phone repair. i also have sound system for hire for small functions such as birthday parties, family meetings and other minor functions
basically my business i located in an area of lower class people who can rarely afford new products such as households and most prefer to buy used items as they are cheaper and are in good condition. I chose this business because i could start it with the small capital i had.
The only costs involved in this business are the county council license and Music Copyright Society of Kenya license because i deal with Audio visual systems. Others are electricity and water bills.
I use the profits realised for the upkeep of my family and plough back whatever remains after my expeses are catered to improve the business
Loan Proposal
I plan to buy mobile phone flashing toolbox, This will increase my income cause I send phones to be flashed daily to other shops, I have the clients. I know if I got the toolbox, I'll be able to increase my income.
I will also add to my inventory some TV spare comonents because there is demand in my area, With adding the spares to my inventory, I'll be able to supply them to the Tv repair shops around me and a profit and make great return.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$220.00
Date disbursed
Jun 13, 2017
Repayment status
On Time
Projected term
7 months
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