Laptop, screens, and screen-separation machines

Maurice Ochieng

Embakasi, Nairobi, Kenya

60% repaid

Entrepreneur

Name

Maurice Ochieng

Member since

February 2015

On-time repayments

149 installments  •  77%

About Me

Am 35 yrs kenyan born citizen from siaya county having taken my childhood primary from that locality from 1986 to 1993.Went for my secondary education from 1994 to 1997 in Nandi county.In 1999 i joined a college in Kisumu county for a diploma in electrical engineering power option.later went to look for a job that never came to be.i started a small scale business under the electronics repair in 2004,but due to global change in digital generation i had to change my carrier from radio/tv repairs to do studies on mobile telephony field of repair this led me to start a mobile phone accessories sale that led me to do hardware repairs.but because of high technology growth i intent to start doing software on same field.but financial constrains has led to decline or be slow change in this field of repairs.
In my land or rather culture i am in,that's in nairobi county bussiness is the order of the day.thus it has made more people to come from all corners of the world to venture.
My son would like to like father.A businessman in imports of electronics spares.still young but determined.
My hobby is watching football but playing candy crash my phone is my pastime activity.
If i get this loan it will help me boost my business in buying software machines.

My Business

My business is called moriphatech electronics which deals with both repairs and sales of mobile phone accessories.
Soon im intending to start a software inconjunction with the later to boost this field of communication.In this business(hardware)i deal with replacements of phone screens,touch,microphone ,earpiece,ringers,faces.sale of chargers,batteries,handfrees,memory cards,flipcovers,screen guards,usb cables among others.
These goods are in high demand because almost 60 % of the population own mobile phones thus need of repairs or replacements of faulty parts.
l chose this business because its fast moving and technology changes almost daily.
The typical cost of this business is very high but i started with as little as 50,000khs because to start this business alot of machinery,spares and suppliers is required.
Most of my profit i use facilitate the expansion of this business and saving for the future of their education

Loan Proposal

Dear lenders,I intend to buy the above stated items namely
1.(1)LAPTOP worth $500
2.(3)SCREEN SEPARATION MACHINES worth $160
3.PHONE SCREENS AND DIGITIZER worth $1,130
Total cost is $ 1,890.
I had bought the same types of products before but due to the fact that I opened another workshop,and the workload is much with the higher demand of my job ,I saw a need to add more of the said items especially the screen separation machines which is of higher demand because most of my customers prefer to separate broken digitizers other than replace the whole screen especially the Samsung smartphones and few of infinix phones.With these,I will be able to incur much more profit thus expand on my workshop by creating job opportunities to others who are intending to join this electronic field like the technicians within my locality.
This will make my profit margins go higher than than what I have been getting because the man power will be big thus reduction on time wasted while I was with two technicians.so the profit margins should double the previous taking into consideration that I will be providing screens too as I work on my laptop in making orders,balancing my account and also doing Internet innovation.

Feedback

4

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$1,866.96

Date disbursed

Aug 12, 2017

Repayment status

Late

Projected term

9 months

Cost to entrepreneur

Service fee: $78.48

Lenders

CN

Craig Newmark

United States

Ask Maurice a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...