Inventory of variety of mobile phones to expand business
Joyce
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Joyce
Member since
June 2014
On-time repayments
210 installments • 61%
About Me
My name is Joyce Wangui Murigu and I come from Nyeri county, central Kenya, but I am currently doing business in Mombasa County. I was born in a family of 6 where I am the third born. I am 32 years old and a single mother of one daughter, aged 6 years. I went to primary school and later to secondary school where I did my KCSE in 2003. I deal with mobile phone accessories where I operate a store in Mombasa town.
I am a hardworking person and I have worked my way up to where I am now. My aim is to provide for my young daughter and my aging parents back home. I intend to expand my business into a bigger store and hopefully start selling mobile phones as well.
My Business
I deal with mobile phone accessories, and my products range from phone skins and earphones to batteries and chargers. These products are in high demand in Mombasa, especially with the youth. I normally source these items from the capital city Nairobi, where I buy on wholesale and then I retail them. My ultimate goal is to make a trip outside the county when the business grows and get them from the source market.
I normally make about $350.00 after all expenses are paid. I have employed one worker who runs errands for me and serves as an attendant when we are very busy. I have always wanted to expand my business, but lack of credit has been a hindrance to my plans. By joining Zidisha, I hope to get the much-needed credit for my business expansion.
Loan Proposal
I am going to spend this money by buying an inventory of mobile phones. This field requires one to have a wide variety of phones so as to address all types of people. I will spend the whole amount of $430 to buy an assortment of 20 phones, ranging from basic ones to more expensive smart phones. I am hoping to make a profit of about 25% from the sales, but even more important is the multiplier factor, since I am going to put the money back to the business.
My business is booming and I hope this new stock will make it even better. With the anticipated increase in sales, I am hoping to hire an extra worker, thus creating a much-needed employment opportunity.
About Me
My name is Joyce Wangui Murigu and I come from Nyeri county, central Kenya but currently doing business in Mombasa County. I was born in a family of 6 where I am the third born. I am 32 years old and a single mother of one daughter aged 6 years. I went to primary school and later to secondary school where I did my KCSE in 2003. I deal with mobile phone accessories where I operate a store in Mombasa town.
I am a hardworking person and I have worked my way up to where I am now. My aim is to provide for my young daughter and my aging parents back home. I intend to expand my business into a bigger store and hopefully start selling mobile phones as well.
My Business
I deal with mobile phone accessories and my products range from phone skins, earphones, batteries and chargers. These products are in high demand in Mombasa especially with the youth. I normally source these items from the capital city Nairobi where I buy on wholesale and then I retail them. My ultimate goal is to make a trip outside the county when the business grows and get them from the source market.
I normally make about $350.00 after all expenses are paid. I have employed one worker who runs errands for me at serves as an attendant when we are very busy. I have always wanted to expand my business but lack of credit has been a hindrance to my plans. By joining Zidisha, I hope to get the much needed credit for my business expansion.
Loan Proposal
I am going to spend this money by buying an inventory of mobile phones. This field requires one to have a wide variety of phones so as to address all types of people. I will spend the whole amount $430 to buy about an assortment of 20 phones ranging from basic ones to more expensive smart phones. I am hoping to make a profit of about 25% from the sales but even more important is the multiplier factor since I am going to put the money back to the business.
My business is booming and I hope this new stock will make it even better. With the anticipated increase in sales, I am hoping to hire and extra worker thus creating much needed employment opportunity.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$459.00
Date disbursed
Apr 3, 2015
Repayment status
On Time
Projected term
19 months
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