Inventory of energy savings bulbs

Alex

Mombasa, Kenya

100% repaid

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

If given this loan I will use the money to buy two boxes of energy saving bulbs. Each box contains 50 pieces at a cost of $150 per box. I have decided to build this stock since the government is currently doing a campaign of replacing filament bulbs with more eco friendly energy saving type.

If successful I will apply to supply these bulbs to a number of buildings in the town and also retail them to domestic users. If all goes well, I will make a profit of $60 which I hope to put back into the business (while still repaying this loan). I am hoping to reap good benefits from this arrangement thus I am anticipating a steep growth of my business in days ahead.

Show original English  

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

If given this loan I will use the money to buy two boxes of energy saving bulbs. Each box contains 50 pieces at a cost of $150 per box. I have decided to build this stock since the government is currently doing a campaign of replacing filament bulbs with more eco friendly energy saving type.

If successful I will apply to supply these bulbs to a number of buildings in the town and also retail them to domestic users. If all goes well, I will make a profit of $60 which I hope to put back into the business (while still repaying this loan). I am hoping to reap good benefits from this arrangement thus I am anticipating a steep growth of my business in days ahead.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$267.00

Date disbursed

Jan 28, 2015

Repayment status

On Time

Projected term

9 months

Lenders

dajawein

Gladstone, Australia

Elaine123

Philadelphia, United States

T

Talex

Nürnberg, Germany

andreasol

Bielefeld, Germany

Susansfund

Colorado Springs, United States

G

glomardor

Leonardtown, United States

M

markusfitza

College Station, United States

A

Austrian

Graz, Austria

E

EnhanceLife

Heber City, United States

Matthew

New York, NY, United States

S

samuk

Nottingham, United Kingdom

danielytao

Boston, United States

K

Katehar

Maple Valley, WA, United States

J

jwharding

Hamburg, Germany

J

janharg

Garland, Tx, United States

U

UmSaeed

Southfield, United States

D

Dave22202

Arlington VA, United States

Alina

Amsterdam, Netherlands

A

Aaron

Zurich, Switzerland

Cadwah

Barcelona, Spain

W

WellingtonPFClass

Columbus, Oh, United States

OlyRhys

Olympia, United States

ohlandtmann

Moorestown, United States

J

jerryq

Redding, United States

L

lilbsedz

Raleigh, United States

T

Tui1974

nuenen, Netherlands

R

Rearden

STAVANGER, Norway

HMS_5th_Grade

Honolulu, United States

A

Andy

Berlin, United States

C

chrono

Toronto, Canada

chadgibbs

Loveliest Village, United States

A

alexandraleaving

Alice Springs, Australia

A

asmilligan17

Perryville, United States

P

prashant

SUNNYVALE, United States

S

solarkismet

Logan, United States

A

amish

San Francisco, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

U

UTLonghorn

Lincoln, United States

N

Navigator

Alavus, Finland

Evan Lamos

Brussels, Belgium

J

jay12

Germany

joshuacollinson

Vienna, Austria

A

Arkad

United States

G

Graham

United States

AL

Austin Long

United States

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Summary

Amount repaid

$289.76

Amount remaining

$0.00

Date repaid

Jul 27, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 8, 2015 $5.07 Feb 8, 2015 $5.07
Feb 15, 2015 $5.07 Feb 8, 2015 $5.07
Feb 22, 2015 $5.07 Feb 8, 2015 $5.07
Mar 1, 2015 $5.07 Feb 8, 2015 $5.07
Mar 8, 2015 $5.07 Feb 8, 2015 $2.20
Feb 15, 2015 $2.87
Mar 15, 2015 $5.07 Feb 15, 2015 $2.75
Feb 22, 2015 $2.31
Mar 22, 2015 $5.07 Feb 22, 2015 $5.07
Mar 29, 2015 $5.07 Feb 22, 2015 $5.07
Apr 5, 2015 $5.07 Feb 22, 2015 $5.07
Apr 12, 2015 $5.07 Feb 22, 2015 $4.96
Feb 28, 2015 $0.11
Apr 19, 2015 $5.07 Feb 28, 2015 $5.07
Apr 26, 2015 $5.07 Feb 28, 2015 $5.07
May 3, 2015 $5.07 Feb 28, 2015 $5.07
May 10, 2015 $5.07 Feb 28, 2015 $5.07
May 17, 2015 $5.07 Feb 28, 2015 $2.09
Mar 9, 2015 $2.98
May 24, 2015 $5.07 Mar 9, 2015 $5.07
May 31, 2015 $5.07 Mar 9, 2015 $5.07
Jun 7, 2015 $5.07 Mar 9, 2015 $5.07
Jun 14, 2015 $5.07 Mar 9, 2015 $4.29
Mar 15, 2015 $0.78
Jun 21, 2015 $5.07 Mar 15, 2015 $4.84
Mar 22, 2015 $0.22
Jun 28, 2015 $5.07 Mar 22, 2015 $5.07
Jul 5, 2015 $5.07 Mar 22, 2015 $5.07
Jul 12, 2015 $5.07 Mar 22, 2015 $5.07
Jul 19, 2015 $5.07 Mar 22, 2015 $5.07
Jul 26, 2015 $5.07 Mar 22, 2015 $1.98
Mar 29, 2015 $3.09
Aug 2, 2015 $5.07 Mar 29, 2015 $5.07
Aug 9, 2015 $5.07 Mar 29, 2015 $3.08
Apr 12, 2015 $1.99
Aug 16, 2015 $5.07 Apr 12, 2015 $5.07
Aug 23, 2015 $5.07 Apr 12, 2015 $5.07
Aug 30, 2015 $5.07 Apr 12, 2015 $5.07
Sep 6, 2015 $5.07 Apr 12, 2015 $5.07
Sep 13, 2015 $5.07 Apr 12, 2015 $0.21
Apr 20, 2015 $4.85
Sep 20, 2015 $5.07 Apr 20, 2015 $0.76
May 4, 2015 $4.30
Sep 27, 2015 $5.07 May 4, 2015 $5.07
Oct 4, 2015 $1.87 May 4, 2015 $1.87
Oct 11, 2015 $22.47 Jun 16, 2015 $22.47
Oct 18, 2015 $22.47 Jul 21, 2015 $22.47
Oct 25, 2015 $22.47 Jul 21, 2015 $22.47
Nov 1, 2015 $22.47 Jul 21, 2015 $22.47
Nov 8, 2015 $25.72 Jul 27, 2015 $25.72

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