Inventory of mobile phones to retail

Elizabeth Kariu

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Elizabeth Kariu

Member since

April 2014

On-time repayments

257 installments  •  77%

About Me

I am a business lady doing business in Mombasa town. I am a single mother of 2 siblings aged 18 and 21 years old both in college. I was born in Laikipia county in Rift Valley province and later relocated to Mombasa in search of greener pastures.
After completing my o level ,i joined Nairobi University where i studied Business and computer studies in the year 2000.
I am the first born in a family of six. I am hardworking, honest and ambitious person. Given this chance (credit) I will be able to take my business to even greater heights.Besides i do spare sometimes to let people know about their rights, we started an NGO in the name of Christian for human rights (CFHCR) which is self sponsored catering for people in prison ,children's home and vulnerable.Am the VICE CHAIRPERSON of the organization.

My Business

My business is located in Mombasa in the central business district. It deals with sale of mobile phones and M-PESA its a money transfer and receiving of money commonly used here in my country KENYA. These two products were introduced in Kenya just about 10 years ago and they have been accepted by all types of people. This is what made me get into this business so as to address the needs of the local community as well as making a living out of it.

I have been able to make good progress in this business and I have managed to take my children through their education and other needs though the profit I make. I am optimistic that the growth curve will continue upwards since the demand is still growing rapidly.

Loan Proposal

Am delighted to request for a new loan through Zidisha.org for my phone business being the second loan . I want this loan for developing my business which will go towards buying ansd selling of new phones in the market.This loa will assist me to obtain machadise to sell .it has been of great support towards my children ,faily and business.Its an opportunity that has enabled me to persue my dreams and support a a single mother..Am optimistic i will be able to repay the loan as the previous one .I witnessed growth in quantity and quality due to the overflow of customers.Thou challenges are there in buying and selling when the dollar is against the local currency.Thanking you in advance Zidisha.org And to all lenders,Regards liz

Feedback

17

None

1

  • Day Family    Feb 23, 2019

    This loan is really disappointing. A very large loan of $2,500 after several clearly successful earlier loans. No updates from lender or mentor for over 18 months, and repayments reduced so low the loan won't repay for another 20 years. Purchasing and selling 36 smart phones may well be a good business idea, but it seems incredible all this money can go without any updates from the lender or other mentors.

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  • mariamfula    Oct 7, 2017

    I have been receiving payments. Thank you so much!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$450.52

Date disbursed

May 22, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $450.52 at 8.96% annual rate over 3 months = $10.87

Service fee: $4.29

Lenders

EricDWalters

Rochester, Mn, Usa, United States

C

chkuo

Taipei, Taiwan

SKWAW

SHANTY BAY, ONTARIO, Canada

COOPITALIST

Toronto, Canada

mikeypw62

Seminole, United States

G

grahamfamily

Guildford, United Kingdom

M

McCoys

London, United Kingdom

trackpal

Brighton, United Kingdom

panamaman

Philadelphia, United States

Stefano Bertolo

Luxembourg, Luxembourg

Sarasota

Sarasota, Fl, United States

Domista

Perth, Australia

P

pvranas

Boulder, United States

J

joliver

Vancouver, Canada

W

wiwillia

Milbrae, United States

AllieJ

Camberwell, Australia

camden01

Connecticut, United States

S

stevemorin

United States

Agerfar

Aarhus, Denmark

GMc50

Australia

S

sohooo

Thika, Kenya

TyWee

Manila, Philippines

Ask Elizabeth a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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