43 installments • 51%
My name is stephen wangecha Kinuthia , Am 26 years old. Am married and blessed with a baby boy. I started primary school in 1996 To 2003,And thats when i joined secondary school in 2004 to 2008.i passed well in my secondry education but due to luck of money i never had a chance go further with my education. I used to save money by doing simple jobs and in time i had saved enough to start my own busness. I set up a video shop where i started selling movie cd's and dvd's. Id like to ask for a loan So i can grow my busness bigger and make it a video show and shop,So ill be selling cd' and showing movies.
About My Business.
My Business is located at Karunga shopping centre known as Steves Vedeo Shops. I sell dvds and vcds in Wholesale and retail, I also show video to demonstrate my dvds vcds and to entertain my Customers. I Manange to make an approximate profit of Ksh. 800 per day and I collect more than Ksh1500 in weekends . This give an average profit of Ksh. 25000 equals to $300 per month. I pay school feees for my son and I support my family and boost my Wife shop and our dairy bread. Thank you zidisha organizations and lenders.
When i get this loan it will help me buy more tv sets which cost at about 40 dollar per set,tv sets will come in handy in my shop because our government is migrating us to the digital sets and that's where i will introduce the tv decoder in my shop which cost about 20 dollars per set. The buying of tv set and decoders will have an increase in business as they will be in more demand when the government switches off who have no digital machines. Doing my maths,if i sell one tv set,it will give me a profit of 25 dollars each,and to every decoder i sell,it will give me a profit of 15 dollars per set. Thank you.
Jan 9, 2015
Cost to entrepreneur
Lender interest: $242.37 at 7.45% annual rate over 7 months = $10.52
Service fee: $5.22