Purchase of Secondhand Electronics for Reselling Business

Faith

Athi River, Kenya

36% repaid

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How it Works

Entrepreneur

Name

Faith

Member since

August 2015

On-time repayments

89 installments • 58%

About Me

I attended Kathekakai Primary School for my primary Education and Mumbuni
Secondary School for my Secondary Education. I am the fifth borne in my family.
My parents are farmers. I overcame hardship when I joined college and later
started working. I sell second hand goods specifically electronics. What is unique about my land is fertility. My Kamba culture remains traditional. I have two
children. The elder one wants to become a doctor and the last born wants to
become an Air hostesses. My hobby is unique as I like helping the needy.

My Business

I buy second hand electronics and sale at wholesale price. This will enable me to repay my loan. They are in demand as many people can't afford new electronics. I choose this kind of business because I had no money and began with only US$50.00. My typical cost at present is about US$100.00. I get a profit of about 50%. The profit helps me to educate my children, use some of it for our upkeep and also reinvest
in the business so that it can grow.

Loan Proposal

I will buy second hand electronics worth US$250.00. It will benefit me alot
because it create job opportunities to people, my sales will increase and I
will also help the need.

I expect a profit of50%.