Entrepreneur
Name
Alex
Member since
December 2014
On-time repayments
340 installments • 88%
About Me
My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.
I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.
I made savings which enabled me to open a small electrical shop which I am running to date.
I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.
My Business
My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.
I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This is the main reason why I started this business since I wanted to get a market share of the boom.
I make a profit of about $380 which I use to support my family and also for business expansion.
Loan Proposal
Before joining Zidisha slightly over a year ago, my market was limited to just a few buyers. With Zidisha loans, I have increased my stock and my territory and I now serve a large area and the clientele is still growing. For this reason, there is more and more demand for items such as cables, conduits, wall sockets etc.
With this money, I will use USD 500 to buy an assortment of electrical cables, USD 150 to buy wall sockets, USD 150 to buy conduits and the remaining amount to buy other miscellaneous items such as bulb holders. All these are fast moving items and I expect to make good profit since I will get a reasonable discount when I get them from the distributors.
Thank you for your valuable and continued support.
About Me
My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.
I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.
I made savings which enabled me to open a small electrical shop which I am running to date.
I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.
My Business
My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.
I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This it the main reason why I started this business since I wanted to get a market share of the boom.
I make a profit of about $480 which I use to support my family and also for business expansion.
Loan Proposal
Before joining Zidisha slightly over a year ago, my market was limited to just a few buyers. With Zidisha loans, I have increased my stock and my territory and I now serve a large area and the clientele is still growing. For this reason, there is more and more demand for items such as cables, conduits, wall sockets etc.
With this money, I will use USD 500 to buy an assortment of electrical cables, USD 150 to buy wall sockets, USD 150 to buy conduits and the remaining amount to buy other miscellaneous items such as bulb holders. All these are fast moving items and I expect to make good profit since I will get a reasonable discount when I get them from the distributors.
Thank you for your valuable and continued support.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$911.00
Date disbursed
Mar 23, 2016
Repayment status
On Time
Projected term
5 months
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