Inventory of smartphones

Christine

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Christine

Member since

December 2014

On-time repayments

53 installments  •  58%

About Me

I am Chistine Wanjiru Yusuf, born in Thika near Nairobi in a family of three – all girls. I come from a poor background and I grew up without any luxuries. I went to school up to secondary school but I could not further my education due to lack of funds.

Due to serious poverty at home, I decided to move very far from home to Mombasa which is more than 500 kilometers away. With about $2, (yes 2$) I bought sweets and balloons that I started hawking on the streets of Mombasa. I was lucky to get accommodated at church where I stayed for 2 months and then rented a small house.

I did hawking business amid harassment from the local government and finally saved enough money through merry-go-rounds and other initiatives and opened a phone accessories shop. I also enrolled for a part-time computer course to bring myself up to date with ICT.

My Business

I buy and sell mobile phone accessories in my small outlet in Mombasa town. I deal with items like phone batteries, earphones, covers etc. The items are quite popular with the masses especially with the youngsters. The country is experiencing a mobile phone explosion and I wanted to get a share of the pie and that is the main reason I ventured into this business.

The competition is very stiff but I am glad I have kept going due to hard work and the network of loyal clients that I have build over the years. My net income is about $125 a week which I use to pay my bills and support my family back home. My next move is to start selling mobile phones next year.

Loan Proposal

I started selling mobile phone in addition to mobile phone accessories early this year and the results have been very encouraging. I have managed to double my income from the business in the last two months.

I now want to venture into the smartphone market since these type of phones has become very popular with the masses. There is an explosion of internet usage in this region and I believe my timing is perfect. With this loan, I can get a stock of half a dozen smart phones to give me an entry point to the market.

I am hoping to build on this stock and be a big supplier of the same within a short time. I am quite certain that this will be a resounding success.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$264.00

Date disbursed

Feb 16, 2015

Repayment status

On Time

Projected term

8 months

Lenders

P

Philippe

Adliswil, Switzerland

BJ

Brandon Joz

North Carolina, United States

Jouni

Finland

ads68

Melbourne, Australia

Evan Lamos

Brussels, Belgium

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

A

adamdreaming

United States

himynameismartin

Czech Republic

DF

Dennis Furr

United Kingdom

AP

Andrew Page

United Kingdom

Richard

Shrewsbury, United Kingdom

Humble Bundle Community

San Francisco, United States

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Summary

Amount repaid

$281.76

Amount remaining

$0.00

Date repaid

Jan 8, 2016

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Mar 1, 2015 $10.27 Feb 23, 2015 $10.27
Mar 8, 2015 $10.27 Feb 23, 2015 $0.84
Mar 2, 2015 $9.42
Mar 15, 2015 $10.27 Mar 2, 2015 $1.69
Mar 13, 2015 $8.58
Mar 22, 2015 $10.27 Mar 13, 2015 $2.53
Mar 16, 2015 $7.73
Mar 29, 2015 $10.27 Mar 16, 2015 $3.38
Mar 26, 2015 $6.89
Apr 5, 2015 $10.27 Mar 26, 2015 $4.22
Apr 1, 2015 $6.04
Apr 12, 2015 $10.27 Apr 1, 2015 $5.07
Apr 9, 2015 $5.20
Apr 19, 2015 $10.27 Apr 9, 2015 $5.91
Apr 15, 2015 $4.36
Apr 26, 2015 $10.27 Apr 15, 2015 $6.76
Apr 22, 2015 $3.51
May 3, 2015 $10.27 Apr 22, 2015 $7.60
Apr 27, 2015 $2.67
May 10, 2015 $10.27 Apr 27, 2015 $8.44
May 6, 2015 $1.82
May 17, 2015 $10.27 May 6, 2015 $9.29
May 13, 2015 $0.98
May 24, 2015 $10.27 May 13, 2015 $10.13
Jun 17, 2015 $0.13
May 31, 2015 $10.27 Jun 17, 2015 $10.27
Jun 7, 2015 $10.27 Jun 17, 2015 $10.27
Jun 14, 2015 $10.27 Jun 17, 2015 $10.27
Jun 21, 2015 $10.27 Jun 17, 2015 $2.40
Jul 20, 2015 $7.87
Jun 28, 2015 $10.27 Jul 20, 2015 $10.27
Jul 5, 2015 $10.27 Jul 20, 2015 $10.27
Jul 12, 2015 $4.93 Jul 20, 2015 $4.93
Jul 19, 2015 $0.00
Jul 26, 2015 $0.00
Aug 2, 2015 $5.56 Aug 5, 2015 $5.56
Aug 9, 2015 $5.56 Aug 10, 2015 $5.56
Aug 16, 2015 $5.56 Aug 17, 2015 $5.56
Aug 23, 2015 $5.56 Sep 9, 2015 $5.56
Aug 30, 2015 $5.56 Sep 14, 2015 $5.56
Sep 6, 2015 $5.56 Sep 21, 2015 $5.56
Sep 13, 2015 $5.56 Sep 29, 2015 $5.56
Sep 20, 2015 $5.56 Oct 6, 2015 $5.56
Sep 27, 2015 $5.56 Oct 13, 2015 $5.56
Oct 4, 2015 $5.56 Oct 19, 2015 $5.56
Oct 11, 2015 $5.56 Oct 19, 2015 $5.56
Oct 18, 2015 $5.56 Oct 19, 2015 $5.56
Oct 25, 2015 $5.56 Oct 27, 2015 $5.56
Nov 1, 2015 $9.53 Nov 3, 2015 $5.56
Jan 8, 2016 $3.98

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