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Erick

Bombolulu, Kenya

100% repaid

Entrepreneur

Name

Erick

Member since

February 2015

On-time repayments

103 installments  •  50%

About Me

Am a Kenyan man aged 25 years.I was born in a polygamous family with two brothers,one sister and three step brothers.My mum is the second wife to my dad and am the second last born in our family.My mum passed on when i had completed my primary level class eight in the year 2004 leaving my dad unable to take care of us.I fortunately managed my fourth form in 2009.I enrolled for my college studies but the financial state of my father could not allow me anymore proceed anymore so i had to drop out to upkeep myself because i had moved from the village to the coastal town called Mombasa.Since i needed rent,food,clothing and several other necessities,i was desperate for a job or any other business to help cope with life.My younger brother too needed assistance from me since my step brothers were not stable too to assist and had their own families to take care of and my elder brother who took me from the village had been sacked from where he was working hence was unemployed by then.

My Business

I started buying phone accessories ranging from covers,batteries,watches from wholesale traders and selling them to my clients at a rented stall in town.I could manage to get a double income that helped me pay for the rent and meet my needs.
I later started selling chargers,memory cards,and by then through the knowledge i had gained from phones,i now can service phones,change mic and do flashing something i learn t from a technician i was close with.
I found this business so easy to operate and good income since i have very few competitors around me as it is also convenient for me as it gives me time to break on a weekend to attend church services.
On a good day i make sales up to 4000 and on low sales they turn to 1500.
From the profits i get,i pay rent for the stall,pay for my house rent,pay my younger brother's rent who is in college in another town,and sustains me and fare as well.

Loan Proposal

I hereby thank the zidisha team for your generosity from the support you gave me me the previous period up to date.Once again i thank my lender Mr.Paul Buchheit for your big heart aimed at people like me,may God bless you!
From the previous loan,i managed to purchase a rework station for my mobile shop repair.I apparently noticed other opportunities coming .My clients now bring blocked phones that want to be unlocked or flashed/reprogrammed.
With my PC i found i could not manage without flashing tools.I have made some inquiries and found out that the cheapest and ideal ones range from 50 to 200 dollars.From my current earnings am sure i may get a 5 to 10 percent increase which is an average of 50 dollars per month.
I am sure am going to reap out of this project and help others as well with the help i hope you will positively consider.
Its my prayer and i hope that you will also find it ideal and okay with you to lend me and i promise this time round am going to observe on-time repayment methods to avoid inconvenience
May God protect you and bless you abundantly.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$94.00

Date disbursed

Jul 15, 2015

Repayment status

On Time

Projected term

2 months

Lenders

PG

Paul Graham

United States

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Summary

Amount repaid

$97.94

Amount remaining

$0.00

Date repaid

Sep 18, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jul 26, 2015 $10.31 Jul 26, 2015 $10.31
Aug 2, 2015 $10.31 Aug 2, 2015 $10.31
Aug 9, 2015 $10.31 Aug 15, 2015 $10.31
Aug 16, 2015 $10.31 Aug 15, 2015 $10.31
Aug 23, 2015 $10.31 Aug 22, 2015 $10.31
Aug 30, 2015 $10.31 Aug 29, 2015 $10.31
Sep 6, 2015 $10.31 Sep 11, 2015 $10.31
Sep 13, 2015 $10.31 Sep 11, 2015 $10.31
Sep 20, 2015 $10.31 Sep 18, 2015 $10.31
Sep 27, 2015 $5.15 Sep 18, 2015 $5.15

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