Inventory of electronics and electricals for my shop
Solomon
Kitale, Kenya
100% repaid
Entrepreneur
Name
Solomon
Member since
January 2015
On-time repayments
172 installments • 24%
About Me
I am Solomon Cheruiyot, the third born in a family of eight. I am married and a father of one. I was born and brought in a poor family background. This made my education become very hard but by the grace of God, I managed to complete my Primary and Secondary level with the Help of well wishers and the government bursary. After form four, I went to college where I did Diploma in Business Management. I was employed in a supermarket located in Kitale town as sales representative where I work up to date. From the savings I got from my salary, I started an electronic shop to increase my earnings for better life. I have employed two staffs who assist in the running of the shop. I use the profits and part of my income to pay staffs, rent, electricity bills, pay school fees for my daughter and my younger siblings as well as expand my business. My hobbies are; reading financial magazines, watching documentaries, watching movies and listening to music.
My Business
My shop is located along Kenyatta Street. I deal in; television sets, DVDs, decoders, computers, radios, electricals, antennas, printers, and accessories. I started my business in the year 2011 after saving a capital of $400. Since the shop in the centre of the Town, I enjoy the high demand since most population comes to by their items in town especially electronics. Due to my business skills I have taught my staff on how to relate with customers my business has run smoothly. My total profit incomes amount to about $200. From the profits I get I use in expanding my business and pay my staff. I am aiming in majoring in Laptops and computer sales since Kenyan people have embraced technology.
Loan Proposal
When given the loan, it will help me buy more electronics and computer accessories which will expand my business and increase the number of customers who come to buy from my shop. in so doing, my profits will increase and i will be able to invest more in computer accessories which is in high demand.
My estimated budget
electronics -Kshs. 4,500/=
electricals- Kshs. 4,000/=
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 3, 2015
Repayment status
On Time
Projected term
13 months
Other loans
Lenders
Southampton, United Kingdom
Berkeley, United States
Summary
Amount repaid
$113.29
Amount remaining
$0.00
Date repaid
Apr 1, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Feb 15, 2015 | $10.24 | Feb 15, 2015 | $10.24 |
| Feb 22, 2015 | $10.24 | Feb 22, 2015 | $10.24 |
| Mar 1, 2015 | $5.56 | Mar 1, 2015 | $5.56 |
| Mar 8, 2015 | $5.56 | Mar 7, 2015 | $5.56 |
| Mar 15, 2015 | $1.11 | Mar 15, 2015 | $1.11 |
| Mar 22, 2015 | $1.11 | Mar 28, 2015 | $1.11 |
| Mar 29, 2015 | $1.11 | Mar 29, 2015 | $1.11 |
| Apr 5, 2015 | $1.11 | Apr 5, 2015 | $1.11 |
| Apr 12, 2015 | $1.11 | Apr 12, 2015 | $1.11 |
| Apr 19, 2015 | $1.11 | Apr 19, 2015 | $1.11 |
| Apr 26, 2015 | $1.11 | Apr 26, 2015 | $1.11 |
| May 3, 2015 | $1.11 | May 3, 2015 | $1.11 |
| May 10, 2015 | $1.11 | May 11, 2015 | $1.11 |
| May 17, 2015 | $1.11 | May 17, 2015 | $1.11 |
| May 24, 2015 | $1.11 | May 24, 2015 | $1.11 |
| May 31, 2015 | $1.11 | Jun 5, 2015 | $1.11 |
| Jun 7, 2015 | $1.11 | Jun 12, 2015 | $1.11 |
| Jun 14, 2015 | $1.11 | Jun 19, 2015 | $1.11 |
| Jun 21, 2015 | $1.11 | Jun 30, 2015 | $1.11 |
| Jun 28, 2015 | $1.11 | Jun 30, 2015 | $1.11 |
| Jul 5, 2015 | $1.11 | Jul 6, 2015 | $1.11 |
| Jul 12, 2015 | $1.11 | Jul 15, 2015 | $1.11 |
| Jul 19, 2015 | $1.11 | Jul 29, 2015 | $1.11 |
| Jul 26, 2015 | $1.11 | Aug 5, 2015 | $1.11 |
| Aug 2, 2015 | $1.11 | Aug 5, 2015 | $1.11 |
| Aug 9, 2015 | $1.11 | Aug 9, 2015 | $1.11 |
| Aug 16, 2015 | $1.11 | Sep 1, 2015 | $1.11 |
| Aug 23, 2015 | $1.11 | Sep 1, 2015 | $1.11 |
| Aug 30, 2015 | $1.11 | Sep 1, 2015 | $1.11 |
| Sep 6, 2015 | $1.11 | Sep 11, 2015 | $1.11 |
| Sep 13, 2015 | $1.11 | Sep 13, 2015 | $1.11 |
| Sep 20, 2015 | $1.11 | Sep 20, 2015 | $1.11 |
| Sep 27, 2015 | $1.11 | Oct 1, 2015 | $1.11 |
| Oct 4, 2015 | $1.11 | Oct 4, 2015 | $1.11 |
| Oct 11, 2015 | $1.11 | Oct 16, 2015 | $1.11 |
| Oct 18, 2015 | $1.11 | Nov 11, 2015 | $1.11 |
| Oct 25, 2015 | $1.11 | Nov 11, 2015 | $1.11 |
| Nov 1, 2015 | $1.11 | Nov 11, 2015 | $1.11 |
| Nov 8, 2015 | $1.11 | Dec 10, 2015 | $1.11 |
| Nov 15, 2015 | $1.11 | Dec 20, 2015 | $1.11 |
| Nov 22, 2015 | $1.11 | Jan 6, 2016 | $1.11 |
| Nov 29, 2015 | $1.11 | Jan 6, 2016 | $1.11 |
| Dec 6, 2015 | $1.11 | Jan 6, 2016 | $1.11 |
| Dec 13, 2015 | $1.11 | Jan 6, 2016 | $1.11 |
| Dec 20, 2015 | $1.11 | Jan 6, 2016 | $1.11 |
| Dec 27, 2015 | $1.11 | Jan 6, 2016 | $1.11 |
| Jan 3, 2016 | $1.11 | Jan 6, 2016 | $1.11 |
| Jan 10, 2016 | $1.11 | Jan 10, 2016 | $1.11 |
| Jan 17, 2016 | $0.00 | ||
| Jan 24, 2016 | $0.00 | ||
| Jan 31, 2016 | $0.00 | ||
| Feb 7, 2016 | $0.00 | ||
| Feb 14, 2016 | $0.00 | ||
| Feb 21, 2016 | $0.00 | ||
| Feb 28, 2016 | $0.00 | ||
| Mar 6, 2016 | $11.11 | Mar 2, 2016 | $7.78 |
| Mar 7, 2016 | $3.33 | ||
| Mar 13, 2016 | $7.78 | Mar 7, 2016 | $7.78 |
| Mar 20, 2016 | $5.56 | Mar 13, 2016 | $5.56 |
| Mar 27, 2016 | $8.36 | Mar 21, 2016 | $5.56 |
| Apr 1, 2016 | $2.80 | ||
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