21 installments • 57%
I am Michael Njoroge Kinyanjui.I was born in the year 1972 in Kiambu town,Central part of Kenya,East-Africa.I schooled at the same town in Karunga primary and did my O level at Tin'gan'ga High School.After my O level completion,my dad passed away and i couldn't continue with my education.Life in Kiambu is a survival for the fittest and thus i was faced with the hardest time in my life because i was either join my peer group in crime activities or accept the status quo of hardship and poverty.For several years those i will never forget.Fortunately,a Pastor befriended me and i joined his Church and became a youth leader in that Church,where i even today do attend.Life in the Church helped me overcome peer group pressure of engaging in shady deals until my breakthrough came.My Mum happened to come by some loan and gave me some and that is how i came to start my own business of selling cheap phone accessories in the town.
I am a sole entrepreneur.My business is situated along Mburu Gichua street,Cigma House room number 18.Where i own a small room.I sell phone accessories and computers.My Country is in digital migration where the youth, students and people of all walks of life want to be seen around holding tablets,phones or laptops in the streets.Even the Kenyan Government passed a bill where they are issuing laptops to standard one pupils to promote computer literacy.This has made my business to grow but i need some more capital to add more stock of various types of mobile phones and laptops which are in high demand in town. On a busy month i normally generates a profit of Kshs.35,000. I normally use 50% of my profit to add more stock,and the rest i use to bring up my family of 3 children upkeep and school fees.
Through your kind support to my business,i will be glad to be stocking more and in return i will have enough revenue to pay back the Zidisha loan and on time.
Thank you Zidisha team for the loan approval. I do appreciate your concern to grow other people's business.I believe God does great wonders to Organizations of your kind.I have come across people who have benefited and changed the living standards of so many families.
From the loan you will be funding my business,i will be able to buy some cheap phones accessories which will cost kshs.7850. From this i will be able to sell the accessories at a relatively prices to my customers and at a shorter time possible.Thank you and kindly support my loan.Thank you in advance.
Dec 5, 2014
Cost to entrepreneur
Lender interest: $100.18 at 8.00% annual rate over 5 months = $3.59
Service fee: $1.66