Increase stock of mobile phones and accessories

Victor

Kiamunyi, Kenya

5% repaid

Entrepreneur

Name

Victor

Member since

November 2014

On-time repayments

187 installments  •  14%

About Me

My name is Victor Kipkurui, people call me Mr. OK mainly because I am always uptight with instructions.I am a second born in a family of six and I reside in Kiamunyi estate- outskirts of Nakuru town. I am a graduate of diploma in Entrepreneurship studies from KIMS college. After looking for employment for more than one year without success, I decided to use my skills to set up small businesses. I spend most of my time in the shop where I sell mobile accessories.

My Business

After looking for employment for more than one year without success, I decided to use my knowledge and skills to set up small businesses in Nakuru town. I have a shop in town where I sell mobile accessories- this is where I spend most of my time. I recently introduced a few mobile phones and currently doing well. The business is good and has been able to pay my bills as well as help me do a few other small projects home. The demand for mobile phones and accessories is high and thus planning to expand by investing in more on increasing stock of mobile phones and accessories.

Loan Proposal

Thank you so much Zidisha lenders for the first loan. It was very timely as I received it during the dry season when I was struggling with most of my finances. The first loan helped me improved the variety and number of accessories. Along the way I also introduced a few mobiles phones which have been doing well.
I currently have only a few of my own- less than 10 handsets and have been borrowing friends from the neighbourhood to assist me in displays which is very inconveniencing and costly. I would like to build on these numbers with the second loan.
I will therefore spend the $166 loan on adding a few more handsets for my shop as follows:
3 Techno T630 handsets - $73.5 at $24.5 each
2 Safaricom Neon - $66 at $33 each and
3 Nokia 105 handsets-$26.5 at $8.3 each
Each will yield an average profit of about $7.5 each.
I will channel all my profits to building the stock while I am also building customership.
The current cashflow will help me repay the loan on time.
Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$166.00

Date disbursed

Jun 1, 2015

Repayment status

Late

Projected term

38 months

Other loans

Lenders

Kjartan

Oslo, Norway

ads68

Melbourne, Australia

mepster

San Francisco, Ca, United States

johnhudson

Washington, DC, United States

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Summary

Amount repaid

$9.47

Amount remaining

$165.31

Expected completion

Aug 19, 2018

Status

Repaying late

Installment amount

$1.05

Repayment History

Expected Payments Actual Payments
Jun 14, 2015 $1.05 Jun 18, 2015 $1.05
Jun 21, 2015 $1.05 Jul 1, 2015 $1.05
Jun 28, 2015 $1.05 Jul 1, 2015 $1.05
Jul 5, 2015 $1.05 Jul 1, 2015 $1.05
Jul 12, 2015 $1.05 Jul 29, 2015 $1.05
Jul 19, 2015 $1.05 Jul 29, 2015 $1.05
Jul 26, 2015 $1.05 Aug 5, 2015 $1.05
Aug 2, 2015 $1.05 Aug 5, 2015 $1.05
Aug 9, 2015 $1.05 Aug 5, 2015 $1.05
Aug 16, 2015 $1.05
Aug 23, 2015 $1.05
Aug 30, 2015 $1.05
Sep 6, 2015 $1.05
Sep 13, 2015 $1.05
Sep 20, 2015 $1.05
Sep 27, 2015 $1.05
Oct 4, 2015 $1.05
Oct 11, 2015 $1.05
Oct 18, 2015 $1.05
Oct 25, 2015 $1.05
Nov 1, 2015 $1.05
Nov 8, 2015 $1.05
Nov 15, 2015 $1.05
Nov 22, 2015 $1.05
Nov 29, 2015 $1.05
Dec 6, 2015 $1.05
Dec 13, 2015 $1.05
Dec 20, 2015 $1.05
Dec 27, 2015 $1.05
Jan 3, 2016 $1.05
Jan 10, 2016 $1.05
Jan 17, 2016 $1.05
Jan 24, 2016 $1.05
Jan 31, 2016 $1.05
Feb 7, 2016 $1.05
Feb 14, 2016 $1.05
Feb 21, 2016 $1.05
Feb 28, 2016 $1.05
Mar 6, 2016 $1.05
Mar 13, 2016 $1.05
Mar 20, 2016 $1.05
Mar 27, 2016 $1.05
Apr 3, 2016 $1.05
Apr 10, 2016 $1.05
Apr 17, 2016 $1.05
Apr 24, 2016 $1.05
May 1, 2016 $1.05
May 8, 2016 $1.05
May 15, 2016 $1.05
May 22, 2016 $1.05
May 29, 2016 $1.05
Jun 5, 2016 $1.05
Jun 12, 2016 $1.05
Jun 19, 2016 $1.05
Jun 26, 2016 $1.05
Jul 3, 2016 $1.05
Jul 10, 2016 $1.05
Jul 17, 2016 $1.05
Jul 24, 2016 $1.05
Jul 31, 2016 $1.05
Aug 7, 2016 $1.05
Aug 14, 2016 $1.05
Aug 21, 2016 $1.05
Aug 28, 2016 $1.05
Sep 4, 2016 $1.05
Sep 11, 2016 $1.05
Sep 18, 2016 $1.05
Sep 25, 2016 $1.05
Oct 2, 2016 $1.05
Oct 9, 2016 $1.05
Oct 16, 2016 $1.05
Oct 23, 2016 $1.05
Oct 30, 2016 $1.05
Nov 6, 2016 $1.05
Nov 13, 2016 $1.05
Nov 20, 2016 $1.05
Nov 27, 2016 $1.05
Dec 4, 2016 $1.05
Dec 11, 2016 $1.05
Dec 18, 2016 $1.05
Dec 25, 2016 $1.05
Jan 1, 2017 $1.05
Jan 8, 2017 $1.05
Jan 15, 2017 $1.05
Jan 22, 2017 $1.05
Jan 29, 2017 $1.05
Feb 5, 2017 $1.05
Feb 12, 2017 $1.05
Feb 19, 2017 $1.05
Feb 26, 2017 $1.05
Mar 5, 2017 $1.05
Mar 12, 2017 $1.05
Mar 19, 2017 $1.05
Mar 26, 2017 $1.05
Apr 2, 2017 $1.05
Apr 9, 2017 $1.05
Apr 16, 2017 $1.05
Apr 23, 2017 $1.05
Apr 30, 2017 $1.05
May 7, 2017 $1.05
May 14, 2017 $1.05
May 21, 2017 $1.05
May 28, 2017 $1.05
Jun 4, 2017 $1.05
Jun 11, 2017 $1.05
Jun 18, 2017 $1.05
Jun 25, 2017 $1.05
Jul 2, 2017 $1.05
Jul 9, 2017 $1.05
Jul 16, 2017 $1.05
Jul 23, 2017 $1.05
Jul 30, 2017 $1.05
Aug 6, 2017 $1.05
Aug 13, 2017 $1.05
Aug 20, 2017 $1.05
Aug 27, 2017 $1.05
Sep 3, 2017 $1.05
Sep 10, 2017 $1.05
Sep 17, 2017 $1.05
Sep 24, 2017 $1.05
Oct 1, 2017 $1.05
Oct 8, 2017 $1.05
Oct 15, 2017 $1.05
Oct 22, 2017 $1.05
Oct 29, 2017 $1.05
Nov 5, 2017 $1.05
Nov 12, 2017 $1.05
Nov 19, 2017 $1.05
Nov 26, 2017 $1.05
Dec 3, 2017 $1.05
Dec 10, 2017 $1.05
Dec 17, 2017 $1.05
Dec 24, 2017 $1.05
Dec 31, 2017 $1.05
Jan 7, 2018 $1.05
Jan 14, 2018 $1.05
Jan 21, 2018 $1.05
Jan 28, 2018 $1.05
Feb 4, 2018 $1.05
Feb 11, 2018 $1.05
Feb 18, 2018 $1.05
Feb 25, 2018 $1.05
Mar 4, 2018 $1.05
Mar 11, 2018 $1.05
Mar 18, 2018 $1.05
Mar 25, 2018 $1.05
Apr 1, 2018 $1.05
Apr 8, 2018 $1.05
Apr 15, 2018 $1.05
Apr 22, 2018 $1.05
Apr 29, 2018 $1.05
May 6, 2018 $1.05
May 13, 2018 $1.05
May 20, 2018 $1.05
May 27, 2018 $1.05
Jun 3, 2018 $1.05
Jun 10, 2018 $1.05
Jun 17, 2018 $1.05
Jun 24, 2018 $1.05
Jul 1, 2018 $1.05
Jul 8, 2018 $1.05
Jul 15, 2018 $1.05
Jul 22, 2018 $1.05
Jul 29, 2018 $1.05
Aug 5, 2018 $1.05
Aug 12, 2018 $1.05
Aug 19, 2018 $0.04

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