Mobile-Phone Accessories

Monica

Naivasha, Kenya

Funds disbursed

$0 to go

100% funded of $200 goal

0

days left

Entrepreneur

Name

Monica

Member since

June 2016

On-time repayments

53 installments  •  0%

About Me

My childhood was joyous and fun until when i reached fourteen years old.I had just joined form one.Both my parents died on a road accident along Nakuru-naivasha Highway.My parents were second hand clothes dealers in Naivasha town and were on their way to Nairobi to bring stock.The matatu they were traveling in clashed with a lorry.My siblings and i moved to our paternal grandparents .Life turned into tragedy.It was full of hard ships and miseries.Lack of basic needs and fee for schooling was the order of the day.I went through high school by the assistance of well wishers and grandparents.During holidays i did laundry for my neighbors to get pocket money for my school.After high school i started doing casual jobs in flower farms.I saved some little cash which i started a second hand clothes business but later changed into mobile phone business and accessories after raising a enough capital.I sold the second hand business to my sister who follows me.Iam the eldest in the family and we are four siblings.My two small brothers who i take care of are very brilliant in school.One is at Jomo Kenyatta university pursuing Acturial science.The other is pursuing chemistry at Egerton University.Iam not married yet and don't have children.Iam planning to get married after my younger brothers complete school with my fiancee.My people love to eat githeri which is a mixture of maize and beans.Its their staple food.They are also business oriented kind of community.At the moment iam the chair lady of our table banking women group.i like to watch Movies during spare time and read business magazines.I especially love to travel and visit my grandparents who raised me.

My Business

I operate a mobile shop.I also sell mobile accessories in Naivasha town.I have an Mpesa within my shop and Equity agency.I sell all kinds of mobile phones from samsung,Itel,Tecno,Nokia and many more.Accessories are covers,mobile batteries,chargers,modems,housings.I also repair mobile phones for my customers.Mobile phones assist in quick and fast communication.W are living in the digital age where people communicate on line through whasup,twitter,facebook.Its amazing the kind of things mobile phones can do nowadays especially the smart phones.I did a survey and realized that the demand for this kind of business was huge and iam also an ambitious person.So i went into it with a passion and today i have no regrets.My costs in week are on average 400$ and my revenues are 30$ a week .In a month i get about 200$ from my Mpesa and Equity agency.I use profits to pay for my rent where i live with my two brothers who are the university.I buy food items and pay for my brothers up keep at the university.I also use in medicare of my grandparents who are elderly.

Loan Proposal

From the loan and personal savings i intend to buy the following accessories;
1.Variety of mobile chargers -150$
2.Mobile phone covers -100$.
3.Phone housings -50$.
4.Earphones -50$
total budget is 350$.
My profits will go up by 40% a week.This profits i will use for my personal development to buy a plot of 50 *100 .Also use it to continue taking care of my two younger brothers at the university.Others will be able to get various items from my shop for their mobile phones.With a good stock business is fast and also enjoyable.I want my shop to be a one stop shop for mobile phones and their accessories.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$200.00

Date disbursed

Jul 9, 2016

Repayment status

Late

Projected term

12 months

Lenders

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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