Inventory of parts to upgrade my business

Johnik Kamau

Mazeras, Kenya

100% repaid

Entrepreneur

Name

Johnik Kamau

Member since

May 2014

On-time repayments

145 installments  •  56%

About Me

I am 32 years old and I am a Kenyan citizen. I am the third born in a family of seven. My home village is Kigumo in Murang'a County but I have been living in Mazeras Kilifi County in Coast Province for eight years now.

My education ended in secondary school, when I received the secondary certificate but could not proceed due to financial instability. After secondary school, I spent four years in Mazeras working at an EPZ as an MP mechanist. With my earnings, I quit employment and started my own electronics business. My main goal was to build a self-owned business to help support my family and earn a better living. Through the profits that I have earned, I have been able to improve my business and also support my little brother in his education by paying part of his school fees.

My Business

My source of income is from my own electronic business.

I repair radios, television, and DVDs that have failed working. I also sell electrical appliances like the extensions bulbs and tubes, sockets etc. My business is profitable because there is a high demand of electrical appliances.

However, there are also risks in my business. At times, some of my goods fail to operate as they should so I have to repair them first and sell them as second-hand goods because I have already broken the seal. Also, some of my items may be outdated. For instance, we are now moving from analogue to digital so I count the analogue items as dead stock.

Loan Proposal

İf İ get this loan İ will buy the fast moving parts like television power transistors which are common to almost all china make television as most depend on china make which will cost me $5 per dozen,horizontal transistors which are also common cost same $5 per dozen,vertical İcs which are also common costs $10 per dozen.also İ will add a stock of Rca cables which are used to connect dvd machines and decorder boxes to television which will also cost @$3 per dozen.

Show original English  

About Me

I am a Kenyan citizen aged 32 years, I am the third born from a family of seven,my home village is Kigumo in Murang'a County but for now i am on my eighth year at Mazeras Kilifi County in coast Province.My education ended in secondary school i did the secondary certificate but could not proceed due to financial instability. I spent my first four years in Mazeras working at an EPZ as an MP mechanist.From my earnings i had to quite from being employed and i started my electronics business.My main reason was to create self owned business to help support my family and earn a better living.Through the profits that i earn i have been able to improve my business and also support my little brother in his education by paying part of his school fees.

My Business

My source of income is from my own electronic business.I do repair radios, Television, DVDs that have failed working i also sell electrical appliances like the extensions bulbs and tubes, sockets e.t.c.My business is profitable because there is a high demand of electrical appliances.the risks that i incur from my business is that some of my goods my fail to operate acoodingly so i have to repair them first and sell them as second hand because i will have already broken the seal.Also some of them may be out sale like for instant we are now moving from analogue to digital so i count them as dead stock.

Loan Proposal

İf İ get this loan İ will buy the fast moving parts like television power transistors which are common to almost all china make television as most depend on china make which will cost me $5 per dozen,horizontal transistors which are also common cost same $5 per dozen,vertical İcs which are also common costs $10 per dozen.also İ will add a stock of Rca cables which are used to connect dvd machines and decorder boxes to television which will also cost @$3 per dozen.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$208.00

Date disbursed

Jun 1, 2015

Repayment status

On Time

Projected term

3 months

Lenders

mepster

San Francisco, Ca, United States

Michel Bavin

Antwerp Area, Belgium

PG

Paul Graham

United States

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Summary

Amount repaid

$219.00

Amount remaining

$0.00

Date repaid

Aug 31, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jun 14, 2015 $15.64 Jun 15, 2015 $15.64
Jun 21, 2015 $15.64 Jun 15, 2015 $0.15
Jun 23, 2015 $15.49
Jun 28, 2015 $15.64 Jul 2, 2015 $15.64
Jul 5, 2015 $0.00
Jul 12, 2015 $5.26 Jul 17, 2015 $5.26
Jul 19, 2015 $5.26 Jul 19, 2015 $5.26
Jul 26, 2015 $5.26 Jul 22, 2015 $5.26
Aug 2, 2015 $10.53 Aug 5, 2015 $10.53
Aug 9, 2015 $10.53 Aug 9, 2015 $10.53
Aug 16, 2015 $10.53 Aug 15, 2015 $10.53
Aug 23, 2015 $10.53 Aug 23, 2015 $10.53
Aug 30, 2015 $10.53 Aug 26, 2015 $10.53
Sep 6, 2015 $10.53 Aug 27, 2015 $10.53
Sep 13, 2015 $42.11 Aug 30, 2015 $31.58
Aug 31, 2015 $10.53
Sep 20, 2015 $51.02 Aug 31, 2015 $51.02

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