Inventory of mobile phones and accecesories

Elizabeth Kariu

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Elizabeth Kariu

Member since

April 2014

On-time repayments

257 installments  •  77%

About Me

I am a business lady doing business in Mombasa town. I am a single mother of 2 siblings aged 18 and 21 years old both in college. I was born in Laikipia county in Rift Valley province and later relocated to Mombasa in search of greener pastures.
After completing my o level ,i joined Nairobi University where i studied Business and computer studies in the year 2000.
I am the first born in a family of six. I am hardworking, honest and ambitious person. Given this chance (credit) I will be able to take my business to even greater heights.Besides i do spare sometimes to let people know about their rights, we started an NGO in the name of Christian for human rights (CFHCR) which is self sponsored catering for people in prison ,children's home and vulnerable.Am the VICE CHAIRPERSON of the organization.

My Business

My business is located in Mombasa in the central business district. It deals with sale of mobile phones and M-PESA its a money transfer and receiving of money commonly used here in my country KENYA. These two products were introduced in Kenya just about 10 years ago and they have been accepted by all types of people. This is what made me get into this business so as to address the needs of the local community as well as making a living out of it.

I have been able to make good progress in this business and I have managed to take my children through their education and other needs though the profit I make. I am optimistic that the growth curve will continue upwards since the demand is still growing rapidly.

Loan Proposal

Am delighted to request for a new loan through Zidisha.org for my phone business being the third loan . I want this loan for developing my business which will go towards buying ansd selling of new phones in the market.This loan will assist me to obtain machadise to sell .it has been of great support towards my children ,family and business.Its an opportunity that has enabled me to persue my dreams and support as a single mother..Am optimistic i will be able to repay the loan as the previous one .I witnessed growth in quantity and quality due to the overflow of customers.Thou challenges are there in buying and selling when the dollar is against the local currency.Thanking you in advance Zidisha.org And to all lenders,Regards liz

Feedback

17

None

1

  • Day Family    Feb 23, 2019

    This loan is really disappointing. A very large loan of $2,500 after several clearly successful earlier loans. No updates from lender or mentor for over 18 months, and repayments reduced so low the loan won't repay for another 20 years. Purchasing and selling 36 smart phones may well be a good business idea, but it seems incredible all this money can go without any updates from the lender or other mentors.

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  • mariamfula    Oct 7, 2017

    I have been receiving payments. Thank you so much!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$642.83

Date disbursed

Sep 17, 2014

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Lender interest: $642.83 at 10.60% annual rate over 2 months = $15.72

Service fee: $5.36

Lenders

D

Delph007

Den Haag, Netherlands

C

chkuo

Taipei, Taiwan

evinpa

United States

I

Interfree

Dubai, United Arab Emirates

dsmart978

Bondurant, United States

S

SelvaMarcus

Green Cove Springs, United States

J

jjonas

berlin, Germany

F

fisaire

Ithaca, United States

G

grahamfamily

Guildford, United Kingdom

Cloudways

Malta, Malta

McJulio

New Jersey, United States

ads68

Melbourne, Australia

basicus

Cairo, Egypt

fairspirit

Utrecht, Netherlands

calvero

Bergen, Norway

joaoferraz

RINCHOA, Portugal

D

diza2722

NSW, Australia

jan73

Eugene, United States

gseletko

South Perth, Australia

Sarasota

Sarasota, Fl, United States

A

Anonymous

United Kingdom

Matthieu

Switzerland, France

Domista

Perth, Australia

markpearson

Portsmouth, United Kingdom

P

pvranas

Boulder, United States

H

Haavard

Bergen, Norway

pvilliger

Zurich, Switzerland

Justin

Connecticut, United States

camden01

Connecticut, United States

Paul Buchheit

Mountain View, United States

Agerfar

Aarhus, Denmark

H

hodor

Australia

TyWee

Manila, Philippines

Vesa

Helsinki, Finland

Loungin

United States

Mikers

Netherlands

J

JF2014

United States

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  • Day Family    Feb 23, 2019

    This loan is really disappointing. A very large loan of $2,500 after several clearly successful earlier loans. No updates from lender or mentor for over 18 months, and repayments reduced so low the loan won't repay for another 20 years. Purchasing and selling 36 smart phones may well be a good business idea, but it seems incredible all this money can go without any updates from the lender or other mentors.

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  • Michael Makumi    Aug 14, 2017

    As promised, Elizabeth has made her first and second payments and re adjusted the payment amount to a less sum. Its okay since her business is not doing so good. She will later increase to a higher amount once her business picks up. Thank you for being patient and your continued support for her. Shalom!

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  • Elizabeth Kariu    Aug 13, 2017

    currently am facing challenges since i took this loan i have been unwell making my payments weekly have been a challenge when i get well will resume to the 3000 ksh .i have been faithful and will remain faithful.
    regards liz

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    • (Comment deleted by author)

  • Michael Makumi    Aug 7, 2017

    I have spoken to Elizabeth's daughter today, she has said that lately her mum's business has not been soo good but she plans to start making the payments soon. I will be following up on the same tomorrow.

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  • Elizabeth Kariu    Jul 3, 2017

    Hello to ALL THE LENDERS AND ZIDISHA.ORG ,you are such amazing people in my life,i take this time to thank each and everyone who contributed funds to make my dreams comes true....am now set to take my business to higher heights....thanks to all God Bless ALL

    BEST REGARDS LIZ

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  • Elizabeth Kariu    Jun 1, 2017

    Thank you lenders and the Zidisha team for funding my loan. You have now made it possible for me to get a new stock of smart phone for my business. I will be praying for you so that you continue to help other entrepreneurs like me.

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  • Elizabeth Kariu    May 24, 2017

    I have finally cleared this loan though it took longer that I had intended. The world of business can be very unpredictable and my business took a nose-dive sometime last year.

    I am glad that I finally found my footing and I was able to clear this loan. Thank you so much for your valuable support that enabled me to open a new branch thus making it possible to tap more clients.

    With more of your support, the sky is the limit!

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  • Elizabeth Kariu    May 12, 2017

    HI LENDERS AND ZIDISHA FAMILY,AM DOING FINE THOU THE BUSINESS HAS BEEN DOWN, BUT I THANK GOD THINGS ARE WORKING ON WITH PACE..AND I HAVE NOT LET YOU DOWN WITH MY REPAYMENTS HOPE TO CLEAR MY OUTSTANDING BALANCE SOONEST..THINGS HAS BEEN TIGHT BUT I HAVE WORKED THEM OUT WISELY..THANKS TO ZIDISHA FAMILY FOR GOOD SUPPORT..

    REGARDS LIZ

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  • Elizabeth Kariu    Nov 27, 2016

    hi to all,my business is taking time to pick up as i informed you earlier since the location i relocated most of my clients find it very far, thou am picking slowly with new customers ,which has hindered the progression,but with time everything will come back to normal.

    regards liz

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  • Elizabeth Kariu    Jul 3, 2016

    Dear all, This is to let you know that I relocated my business to new premises and it is taking a bit of time to pick up. The move was occasioned by expiry of lease iof the old premises. I hope that the business will recover very soon and resume making higher weekly installments.

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  • Elizabeth Kariu    Apr 29, 2016

    hello all ,am greatful to God for everything,Zidisha family and all the lenders you are amazing and wonderful people,The way i am today is because of diverse commitment and love ,you have lifted me and taken me far beyond my expectation.Am doing fine thou business down.
    Regards liz

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  • Elizabeth Kariu    Nov 13, 2015

    Hello,Zidisha and all the lenders i am away since my mum was unwell and went home to attend her,am still at my home village and access to the internet is limited.Thank God for zidisha platform since even settling the hospital expenses wasnt a bother.
    regards liz

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  • Elizabeth Kariu    Oct 20, 2015

    Hello to all ZIDISHA FAMILY THANK YOU,TO LENDERS THANK YOU ,I feel so much humbled ,i appreaciate your eforts may GOD BLESSS YOU ALL. I assure you that i wont let you down.
    Regards liz

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  • Michael Kangethe    Oct 10, 2015

    Wow!great business ideal.

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  • Elizabeth Kariu    Oct 8, 2015

    Hi all the lenders and zidisha family you are amazing generation you take risk in improving peoples life's i commend you wonderful guys,thanks again for your comments,you really help me to understand,discover, and know my potential,THANKS AND MAY GOD BLESS YOU IN A SPECIAL WAY.
    Regards liz

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  • Elizabeth Kariu    Oct 6, 2015

    Hi, thanks for every comment and encouragement from the lenders
    regards liz

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  • Elizabeth Kariu    Oct 6, 2015

    Through Zidisha loans, my business has grown beyond my wildest dreams. I have seen it grow from a nondescript stall to a big store serving all classes of people. It is a brave new world for me and I feel confident that the success I have made ever since I joined Zidisha will bring more success.

    Thank you so much for your valuable support.

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  • Ruth Mwangi    Sep 16, 2015

    Wow.you are soo successful Eliza.i will call you to get sm insights.

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  • Elizabeth Kariu    Sep 15, 2015

    hello,zidisha and all the lenders am doing fine and my mpesa now has plenty of float to enable me serve my clients.i close very late due to the increased number of customers.Thanks for the support,
    regards liz

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  • Elizabeth Kariu    Apr 18, 2015

    hello zidisha and all lenders am doing okay and i thank GOD through this funding,am able to manage my business and family was now able to pay tuition fee for my daugter who is persuing french courseI do always thank you for your continued support in uplifting the communities all over the world without barriers regardless of where they eminate .Regards liz

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