Kelvin electronic shop
Kelvin
Eldoret Town, Kenya
$0 to go
100% funded of $150 goal
0
days left
Entrepreneur
Name
Kelvin
Member since
April 2014
On-time repayments
71 installments • 0%
About Me
i come from a family of 4.two brothers and two sisters.My mum is a nurse at pumwani maternity whereas my dad is a pastor.I am a student at kenya institute of management studies pursuing a diploma couse in marketting and finance.All my siblings are in school wth my second born sister sitting for secondary final examination this year.My parents earn little income which cannot cater efficiently for our fees and upkeep,due to this,i borrowed ksh 25000 from my aunt and started an electronics shop at Hawaii estate near junction.I sell products ranging from earthing-wire,bulbs,sockets,extensions,electric wires,screw drivers and testers.
My Business
My shop is known as Tumaini shop and is located at the heart of hawaii estate.I sell a variety of products including sockets,wires,testers,headphones,extensions,phone batteries and bulbs.My average monthly profits range from ksh 13,000 to ksh 17,000.Customers prefer my shop because i have a wide variety of quality products and also give them a 2 week warranty,moreover,my products prices are pocket-friendly.My biggest challenge as for now is that i lack enough capital to order goods in bulk and thus i end up buying from middlemen who extort me and thus i end up with meager profits.If given the loan,ill repay it from my monthly profits and the rest of the profit ill use to expand my business.
Loan Proposal
If given the loan, i intend on purchasing complete computers together with central processing units unlike now that i only buy spares.I also intend on buying electrical wires of ksh 5,000 since currently they are greatly on demand.Ill use ksh 3000 to repaint my shop and slightly expand it.From the profits gotten,ill use it to repay the loan,purchase stock and the rest to pay fees for my siblings
Feedback
Positive
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Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
May 3, 2014
Repayment status
Late
Projected term
16 months
Lenders
United States
Summary
Amount repaid
$0.00
Amount remaining
$163.14
Expected completion
Sep 12, 2015
Status
Repaying late
Installment amount
$2.35
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 10, 2014 | $0.00 | ||
| May 17, 2014 | $2.35 | ||
| May 24, 2014 | $2.35 | ||
| May 31, 2014 | $2.35 | ||
| Jun 7, 2014 | $2.35 | ||
| Jun 14, 2014 | $2.35 | ||
| Jun 21, 2014 | $2.35 | ||
| Jun 28, 2014 | $2.35 | ||
| Jul 5, 2014 | $2.35 | ||
| Jul 12, 2014 | $2.35 | ||
| Jul 19, 2014 | $2.35 | ||
| Jul 26, 2014 | $2.35 | ||
| Aug 2, 2014 | $2.35 | ||
| Aug 9, 2014 | $2.35 | ||
| Aug 16, 2014 | $2.35 | ||
| Aug 23, 2014 | $2.35 | ||
| Aug 30, 2014 | $2.35 | ||
| Sep 6, 2014 | $2.35 | ||
| Sep 13, 2014 | $2.35 | ||
| Sep 20, 2014 | $2.35 | ||
| Sep 27, 2014 | $2.35 | ||
| Oct 4, 2014 | $2.35 | ||
| Oct 11, 2014 | $2.35 | ||
| Oct 18, 2014 | $2.35 | ||
| Oct 25, 2014 | $2.35 | ||
| Nov 1, 2014 | $2.35 | ||
| Nov 8, 2014 | $2.35 | ||
| Nov 15, 2014 | $2.35 | ||
| Nov 22, 2014 | $2.35 | ||
| Nov 29, 2014 | $2.35 | ||
| Dec 6, 2014 | $2.35 | ||
| Dec 13, 2014 | $2.35 | ||
| Dec 20, 2014 | $2.35 | ||
| Dec 27, 2014 | $2.35 | ||
| Jan 3, 2015 | $2.35 | ||
| Jan 10, 2015 | $2.35 | ||
| Jan 17, 2015 | $2.35 | ||
| Jan 24, 2015 | $2.35 | ||
| Jan 31, 2015 | $2.35 | ||
| Feb 7, 2015 | $2.35 | ||
| Feb 14, 2015 | $2.35 | ||
| Feb 21, 2015 | $2.35 | ||
| Feb 28, 2015 | $2.35 | ||
| Mar 7, 2015 | $2.35 | ||
| Mar 14, 2015 | $2.35 | ||
| Mar 21, 2015 | $2.35 | ||
| Mar 28, 2015 | $2.35 | ||
| Apr 4, 2015 | $2.35 | ||
| Apr 11, 2015 | $2.35 | ||
| Apr 18, 2015 | $2.35 | ||
| Apr 25, 2015 | $2.35 | ||
| May 2, 2015 | $2.35 | ||
| May 9, 2015 | $2.35 | ||
| May 16, 2015 | $2.35 | ||
| May 23, 2015 | $2.35 | ||
| May 30, 2015 | $2.35 | ||
| Jun 6, 2015 | $2.35 | ||
| Jun 13, 2015 | $2.35 | ||
| Jun 20, 2015 | $2.35 | ||
| Jun 27, 2015 | $2.35 | ||
| Jul 4, 2015 | $2.35 | ||
| Jul 11, 2015 | $2.35 | ||
| Jul 18, 2015 | $2.35 | ||
| Jul 25, 2015 | $2.35 | ||
| Aug 1, 2015 | $2.35 | ||
| Aug 8, 2015 | $2.35 | ||
| Aug 15, 2015 | $2.35 | ||
| Aug 22, 2015 | $2.35 | ||
| Aug 29, 2015 | $2.35 | ||
| Sep 5, 2015 | $2.35 | ||
| Sep 12, 2015 | $0.79 | ||
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