Loan for purchasing of electronic materials for my business

Amos Obiero

Nakuru, Kenlands Estate, Kenya

68% repaid

Entrepreneur

Name

Amos Obiero

Member since

January 2015

On-time repayments

32 installments  •  63%

About Me

My Names are Amos Obiero Ogueno, I was brought in in siaya which is located in kenya, Nyanza province, which is now Siaya county, My parents stayed in the same District of Nyanza, and personaly I school in RAMULA PRIMARY SCHOOL and later after my Primary I joined Kambere Secondary school which is also in siaya County.
I went to college at Jua Kali to study about electronic and electrical which I did very well and to the best of my desire and Knowledge, after studying about wiring and all that is abouit electrical, I had a desire to start my own store which through God's grace I made it and Now i am running my own store as well.

My Business

My Business is all about wiring, electrical and electronics equipment, I do take tenders from different people beside selling of electronics, I provide services to the community around me and without.
My big challenge is I have small capital and since I have many customers around since it is the only shop within, I seek help to improve my business visibility, meeting my customers needs to their satisfaction as well gaining more rooms to advance my business through this loan.
I want to add more electronics Equipment which in total will cost me about ksh50,000 which I believe in the next 6 months I will be able to meet my goals.
my business gives me a profit of about ksh7,000 to ksh 14,000 this is after paying my rent,meeting my family needs as well paying 2 of my employees that I have.
therefore I seek your support to advance my business.

Loan Proposal

Dear Lenders and Zidisha fatality, I want to thank you all very much for giving me this chance again and to trust me with your funds, this loan i am applying for the $50 will be used to purchase electrical switches for my electronic shop to meet the needs of my clients and the $ 25 also will be used to purchase bulbs and the $25 will be used to buy electronic wires for my shop to sell to my clients of which in the surrounding i am there are much jobs for electronics due to many buildings they are puting up and among them i have a tender of installing the electricity and i believe this loan will be of great help in meeting this needs.. from this loan I am hoping for more benefit than previous, of which the previous loan I got a net profit od $113 according to my records, so on this I am expecting double profit from it since its a larger amount. I believe and hoping lenders will trust me again this time.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.00

Date disbursed

Apr 22, 2015

Repayment status

Late

Projected term

5 months

Other loans

Lenders

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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