Expanding my shop

Richard Bundi

Meru, Kenya

100% repaid

Entrepreneur

Name

Richard Bundi

Member since

January 2015

On-time repayments

240 installments  •  78%

About Me

My name is Richard Koome, I am a young, innovative and hardworking Kenyan citizen. I live in Meru and my business is located in Meru town. I have specialized in Mobile phone repairs, and I am learning how to fix computers through apprenticeship. I have been in this business for 3 years now, and I have already made a good customer base. I have a passion for charity work, and I use most of my free time in the internet to learn the latest mobile trends and update myself since my area of specialization is very competitive. My greatest motivation in this world is my mom. My mother successfully educated us even after having not gone to any school. She always places emphasis on the importance of learning. She likes advising me and my fellow brothers and my only sister. The reason I value my work so much is because I have a passion for it, and it is my only income source. Any assistance or support from dear Zidisha members is highly welcome.

My Business

Basically, my business entails mobile phone repair and software updates in mobile phones. Other services in my business include mobile phone charging, Flashing phones as well as consultancy for people wishing to buy good phones. I own a shop located in Meru, at a corridor in stanstead building, Tom Mboya street. I do not have an employee at my shop, and I operate it alone. I buy repair tools and gadgets from Nairobi, and they are transported to Meru where a collect them from the Bus stop. In future, I would like to grow my business to the point of being a wholesale dealer of wholesale mobile repair tools such as screens, ear piece, mouth piece, speakers and keypads. In future, I have a dream of installing internet in my premises, and purchasing a Mobile phone flashing device of my own, since I do not have one. Whenever I get flashing/software update gigs, I have to rush to a friend's shop that is located at the adjacent street. I would like to seek support from members of this forum so that they will help me grow my business.

Loan Proposal

i have been in a very small shop but since my business is growing thanks to you guys,i need a bigger shop to stock more accessories which am planing to buy this coming month,thank you very much for taking me this far without you i would t be where i am today,i hope the nex fund will take me even further

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$387.42

Date disbursed

Dec 31, 2015

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $16.09

Richard opted to pay $83.04 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

Paul Buchheit

Mountain View, United States

Roy

Espoo, Finland

MW

Matt Willis

United States

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