Entrepreneur
Name
Samuel
Member since
April 2015
On-time repayments
41 installments • 24%
About Me
My name is Samuel Munyau but I am known as Sammy by my peers. I was born in Kitui region of eastern kenya. My parent were very poor and they struggled a lot to raise our big family of 7. I am the 4th born and I went through serious hardships on my way to adulthood.
I went to school up to primary level and then proceeded to secondary school but unfortunately my parents could not afford to pay school fees mid-way into the secondary education.
My uncle who lives in Mombasa was kind enough to take me in and I joined him as a young adult where he put me in charge of his electrical shop in mombasa town. He taught me how to do the business and later assisted me to open my own stall where I sell electrical goods.
I am married with two children one aged 8 and the other one 5. I work very hare to ensure that my children lead a much better life that mine.
My Business
I own a small store where I sell domestic electrical goods such as switches, lamps, tube-lights, cables etc. I decided to start this business since I had gained a lot of experience in this area at my uncle's place when I was working for him.
I normally get my stock from distributors and then retail them at my shop. the future looks bright since the construction business in booming in the country and the demand for these items is equally high.
I make an income of about $300 per month and my expenses are about $120. My main component of expenses is rent and utility bills. I use the balance to feed and educate my family.
Loan Proposal
I will spend my initial Zidisha loan to stock energy saving bulbs. The bulbs are currently on high demand and I want to cash in on this wave. One bulb will cost me about $1.50 and so with this money, I will be able to buy 5 dozens of these bulbs.
My profit normally ranges from 20 - 25%. I am hoping to clear the stock within 6 weeks. This will boost my income and grow my income which will go a long way in securing my future.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Apr 29, 2015
Repayment status
Late
Projected term
9 months
Lenders
Osaka, Japan
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