Entrepreneur
Name
Timothy
Member since
January 2015
On-time repayments
53 installments • 13%
About Me
My name is Timothy Kurgat. I am from Kapsoit village in Kericho county. I am currently 30 years old and married with two sons- Victor and Ben aged 5 and 2 years old respectively.
I was born in Kericho county, grew up here and later went to Ol Lessos Technical Training Institute in Nandi county for a certificate course in mobile phone repair.
I currently work in my shop selling accesories while repairing mobile phones for pay within the same shop.
My hobbies are adventure and watching movies.
My Business
My business is in mobile industry. I have a shop in kapsoit shopping centre in Kericho county along Kisumu road where I sell mobile phone accessories. I also repair mobile phones for pay within the same shop. My main customers are local residents and the demand especially for accessories is always there.
Currently most revenues go to consumption and is hard to save for reinvestments.
I am therefore planning to improve especially on mobile accessories that currently have good market.
Loan Proposal
So far one limitation has been the size of my inventory of mobile accessories. Since the business is my only source of livelihood, saving for new investments or adding stock is hard. So i would like to improve by adding more accessories.
Therefore I will use the $50 loan to buy new accessories for my shop.
Increased stock will improve profits which will enable me repay the loan with ease as well as save more for other projects
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jan 12, 2015
Repayment status
Late
Projected term
12 months
Lenders
Central Iowa, United States
United States
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