John
Nairobi, Kenya
100% repaid
Name
John
Member since
November 2013
On-time repayments
89 installments • 9%
i am a hardworking computer seller situated in juja near jomo kenyatta university of agriculture and technology. i am a degree holder of information technology with honor of second class upper division. i started the computer business after seeing the large number of students joining campus and they all needed to buy computers for their studies. right now my business is small and the profits i get i plough them back to my business. i am very well conversant with technology and i hope that i will combine my proffesional skills and my business to change the world of technology.
i will use my profits gained from the business to pay for my loan. also i am a part time teacher at a local college and i will also use my salary to help repay for the loan. my business deals with the sales of computers including laptops,desktops,printers and other accesories. my business is profitable because i interact well with my customers hence they tend to trust me more. also they prefer my products because they are cheap and of best quality. my business faces alot of challenges and risks like the competition in the market for computer sales is higher because the IT field is getting flooded. i incur monthly costs of about ksh.50,000 and the revenue and profits amount to about ksh. 80,000. i will use the loan to invest in my business.
with the new loan i will open another branch as my laptops are in high demand and more buyers are placing huge orders. i will be able to supply more units especially to corporate organizations which have shown interest in my business and want to be supplied with computers, networking products and maintainance services
Positive
3
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$149.00
Date disbursed
Feb 10, 2014
Repayment status
On Time
Projected term
4 weeks
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