Inventory of mobile phone accessories for my shop

Michael

Thika, Kenya

100% repaid

Entrepreneur

Name

Michael

Member since

January 2015

On-time repayments

254 installments  •  31%

About Me

My names are Michael Kangethe Kariuki I am 30 years old from Kenya. I am married and blessed with one child who is in class 1. I live in Makongeni estate approximately 5 km east of Thika town. After completing high school I started working as a casual laborer at building and constructions. During my working I managed to save in order to get capital to start a small business. After a couple of years of saving I managed to start a small business of buying and selling mobile phones accessories, the business I am doing up to date. I have always wanted to expand my business but I have been experiencing limitations due to lack of enough capital, therefore if I can find capital from other sources I can realize my business dream.

My Business

From my humble savings I managed to start a small business of buying and selling mobile phones accessories in Thika town. I source these products in bulk from suppliers at a lower price which enables me sell them at a good price and hence increase my sale and profit margin too. I have used the small profit I get from the sales to extend a mobile money transfer service (Mpesa Agent), buying mobile phones and airtime which has boosted my business and have drawn many customers. I will appreciate you, if you can assist me by lending me money so that I can expand my business further and also employ another person.

Loan Proposal

Hi lenders thank you for giving me an opportunity to become zidisha borrower. As i have stated earlier my business entails selling of mobile phones accessories and am therefore requesting for a loan in this platform. When i get this money i am going to use it as follows:-
1). 30 dollars for Mobile phone flip covers
2). 20 dollars for Memory cards (SD)
3). 20 dollars for USB charges
4). 30 dollars for Screen Guards
this will help me to increase my sales and rise my profit margin at approximately 40%. Thank you in advance for supporting my project.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jan 27, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

I

Icegirl531

Inuvik, Canada

airvillepa

Airville, Pennsylvania, United States

B

Becks

Dubai, United Arab Emirates

1

1979fan

Palo Alto, United States

K

kiranovak

Denver, United States

nelson637

Greenbrae, California, United States

cattlebaron

Pierre, SD, United States

Namaste250

Pittsford, United States

McJulio

New Jersey, United States

Z

zvrk2014

Brookline, MA, United States

Alberto Cereser

Copenhagen, Denmark

ujgih

Germany

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  • Michael    Nov 4, 2016

    Hello Lenders, my business is doing well since you funded me,business have been a bit trick past few month but God is good we managed to overcome the situation, now things are ok coz in my region its a pick season and we are having good return.i thank you for your generosity and support.God bless you.

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  • Miriam    Nov 3, 2016

    Please communicate with the lenders on how you are doing and how the loan given to you has helped you. If possible post pictures. You can also adjust loan repayment to a figure comfortable to you.

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  • Miriam    Nov 3, 2016

    Hi Michael, hope fine. Kindly communicate to the lenders how you are fairing on and how loan granted has helped you. Adjust repayment amount if need be. All the best.

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  • Michael    Jul 23, 2016

    Greetings my Lenders

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  • Michael    Jun 18, 2016

    Am restructuring my shop with little money remain after purchasing new shock, and with that I decided to adjust my repayment a bit. but with time I will increase my repayment.

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  • Joseph    Jun 16, 2016

    Congrats for the progress,the sky is not the limit.Go beyond it.

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  • Michael    Jun 11, 2016

    Dear zidisha lenders, I received the whole amount I requested now I will stock my shop,thank you in advance.

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  • Michael    Jun 2, 2016

    Thank you Lenders and Zidisha team for funding my loan.God bless you.

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  • Michael    Jun 1, 2016

    Dear Lenders..am appealing to you to please help me raise the money to fund my project, and with one day remaining for loan to expire am certain you will help me raise the money.i will always remain loyal and faithful in repayment.God bless you.

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  • Michael    May 18, 2016

    Dear Lenders,thanks for the financial support you have given us which have enabled us to do things that we couldn't do because of inadequate fund ,am grateful for that.i complete repaying my previous loan which has tremendously uplift my business and with that am grateful to inform you am planning to start mobile phone selling in wholesale and these because I have been selling small pieces of phones to my business colleague on which I generate small profit, if I can get money and buy more stock and variety I will be able to hire another worker who will be distributing to my client also raise my profit margin.

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  • Michael    Apr 26, 2016

    Giving it back to the society,at Familia moja childrens home with my invitee Simon kuria,Joseph kariuki and friends.thank you zidisha team for being part of our pillar, God bless you

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  • Michael    Mar 9, 2016

    Good return in my business.

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  • Martin    Feb 15, 2016

    hae mic,Ican see your good progress,#blessed

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    • Michael    Mar 31, 2016

      hae hae Martin, its God grace and with zidisha support everything is possible.

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  • Michael    Jan 22, 2016

    Good returns in my business has enabled me to adjust my repayment and increase amount.

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  • Michael    Jan 14, 2016

    my business have tremendously increased in stock and also profit margin rise, with that life have been good because I was able to pay my child school fees in january.and also provide all necessary commodity for my family.

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  • Martin    Dec 29, 2015

    Hey mike,Ican see your great progress in ur business since u joined zidisha,am much encouraged by your effort,God bless u and Zidisha family

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    • Michael    Jan 2, 2016

      Thank you Martin for your sentiment with Zidisha everything is possible.

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  • Peter    Dec 28, 2015

    Hi michael .God is great as ican see with helping hand of zidisha your business is doing fine .thanks for introducing to zidisha

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    • Michael    Jan 2, 2016

      That true Peter glory be to God,Zidisha is a life changing opportunity for all and thanks to Lenders for their help.

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  • Michael    Nov 30, 2015

    With the helping hand from Zidisha am able to purchase different variety models of mobile phones.

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  • Charles    Nov 25, 2015

    Hi michael, i can see your business i doing fine.

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  • Joseph    Nov 17, 2015

    Mike you are great businessman.Your zeal in advancing says it all.Good luck and thanks for introducing me to Zidisha.

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    • Michael    Nov 19, 2015

      Thenks Joseph for your compliments, it's my joy to serve you all.

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