Inventory of mobile phones

Christine

Mombasa, Kenya

100% repaid

Follow Christine

How it Works

Entrepreneur

Name

Christine

Member since

June 2016

On-time repayments

212 installments • 50%

About Me

My name is Christine Kendi. I was born Meru which is on the eastern side of Kenya. I am the first born in a family of 6. My parents are peasant farmers and they grow food crops which is mainly consumed by the family.

I grew up in the same area facing normal childhood challenges in that rural area. The area has poor infrastructure and we grew up without luxuries such as electricity and piped water. I however navigated life safely to adulthood after completing my primary and secondary school.

I later joined college where I did a course in human resource management. I later got a salaried job where I worked as human resource manager. My contract ended and then I decided to start my own business.

I decided to start a mobile phone business since this type of bu.siness was doing very well at the time. I am still doing the same business to date

My Business

As mentioned above, my business deals with sale mobile phone accessories as well as money transfer business. This is a sector that has been growing rapidly in the last few years and I expect the growth to continue in the next couple of years. The phone accessories are in high demand mostly by the young people.

My monthly income from this business ranges from 150 USD to 200 USD net. I spend about 17 USD to cover overheads such as rent, water and electricity. I use the income from this business to run my home budget and I put some of it back in business to accelerate growth.

Loan Proposal

I intend to boost my stock of mobile phones so as to attract more customers. This business has a lot of competition and one needs a good stock so as to keep pace with the competitors.

With this amount, I will be able to buy a stock of 20 assorted phones which are currently in high demand. I am an old hand in this business and I am optimistic that this will be a hit.

Thank you.