15 installments • 7%
I am Sammy Gathuka Gitau, I was born in year 1985 at Njoro,which is in Rift valley province in Nakuru county being the first born in my family, we later migrated to Subukia at Wiyumiririe, I later joined a primary, I started my primary education at the area up to class eight where I sat for my Kenya Certificate of primary education in 2001 after completing my primary school education i later I join secondary School which is at the same area(wiyumiririe trading center) up to form four where I sat for my Kenya certificate of secondary school in the year 2005, after my high school education , I join the business in year 2007 where I used to sell Mali mali in Kitare and Matunda area. I joined Kenya institute (KITI) for a course in electrical in the year 2008-2009, later I was employed myself where I opened a business at free area in 2009 where I operate as a phone technical and an M-pesa as a businessman in plot no 1010 at Kiratina trading center, I get married to my beloved wife who help me In my business especially on the side of M-pesa, I have been blessed with one child where she is in primary school.
I managed to gather a few people and start a group by the name Dafki for people who operate a small business where the work of the group is to save our saving. I operate my business in a plot no 1010 where till now I operate my business of phone repair and selling of accessories together with my family. I am a Christian and a follower of African Inland Church of Kenya at Kiratina which is within our locality. I live at Free area trading center at in plot no 1010.
My business is located at Kiratina trading center which is about four kilometer from Nakuru town opposite free area trading center, my business entail a shop of electronic which include sells of spare part and repair electronic machine and soon I want to start selling new phone and because the area is developing at high rate in term of both technology and in business as the Nakuru town expand because population is increasing day by day making my business to attract almost all people who have a mobile phone and other electronic machine in Kiratina and it environments . My business grows up to a level Having a computer for doing computer services such as photocopy because I have undergone a class of computer study during my course of electronic after completing my high school education, my business is located in a strategic position where I have attract many customer who have purchase electronic machine which are nearby and all people who have a phone for repairing where there come for computer services. The business is excelling because there area is highly populated because the area is developing at very high rate in term of technology because many people in the area have afforded electronic garget. The main problem I have is lack of money to buy new and modern machine for electronic because the area is expanding at high rate due to increase in population and technology .My stock is worthy ksh 85000,the main challenge facing my business is lack of money to fulfill my goal. This is to buy modern machine and open the same business to other area such as Game which is nearest trading center which is growing also at high rate. I operate my business at plot no 1010, at Kiratina trading center. My business is supported by insurance services for any compensation in case of any accident, my typical monthly cost is khs 50000, sale revenue is around ksh 20000 and profit is above 25000 but I am planning to earn more from the business.
HI LENDERS,THANK YOU for Having given me this opportunity which i have been waiting for, i will make sure that i have use that money and return on time.first i will use part of the money to add new stock in my shop for electrical and electronic worthy 20000 ,second i will use 10000 to add float to my mpesa ,and lastly i will use 10000 to apply a single permit licence to my bissiness which is renewed every January of the year at Nakuru county council office to make my bissiness safe and avoid the distributes from the county council clerk.
Feb 12, 2013
Cost to entrepreneur
Lender interest: $500.91 at 7.06% annual rate over 16 months = $47.64
Service fee: $24.10