Loan to build my mobile phone accessories inventory
Naomi
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Naomi
Member since
December 2014
On-time repayments
97 installments • 34%
About Me
My name is Naomi Muiruri, born in Nakuru county in a family of six where I am the second born. My parents are small scale farmers and it is this activity that they used to raise us. I attended primary and secondary school there and later relocated to Mombasa to live with my cousin and also to look for a job. Getting a job without vocational training was not easy and but I finally got a job as a hotel waiter.
With savings from my earnings, I enrolled for a short course in computer packages. Through further savings, I managed to open a business that deals with selling mobile phone accessories. I am currently doing a course in Business Management on part-time basis.
I am a hardworking person and I believe in earning from my sweat.
My Business
My business deals with sale of mobile phone accessories. I started this business a few years ago when I noticed there is a high demand for these items. The products I sell include phone batteries, covers, earphones etc. This items range from $1 to as high as $10.
Due to their cheap prices, these items move very fast and I keep replenishing my stock. My main clients are young adults and school students.
I make a net profit of about $ 200 per month. I use this money to pay for my education and to support my now aging parents back home. My desire is to expand the business and start selling mobile phones for more income.
Loan Proposal
If given this money I will spend it as follows -
1. Assorted phone batteries at a total cost of $25
2. Assorted phone covers at a total cost of $25
3. Assorted earphones at a total cost of $25
I will use the balance to buy some books that I need for my course.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Dec 10, 2014
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
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