Loan to buy new inventory and pay school fees

Samson Muriithi Muthike

Kitengela, Kenya

Funds disbursed

$0 to go

100% funded of $2,453 goal

0

days left

Entrepreneur

Name

Samson Muriithi Muthike

Location

Kitengela, Kenya

On-time repayments

218 weekly installments  •  77%

About Me

Hello Zidisha Family, my name is Samson. I am married and a father of two wonderful boys. I was born and raised in the Central part of Kenya where I went to school up to high school. After high school, I moved to Kitengela Town after getting employment in a textile factory. Kitengela is a vibrant town and has a lot of potential. I worked for two years after which I quit due to my passion to have my own business. In 2008 January, I started a small business of a video shop. My business has grown and now I have introduced electronics which seems promising due to many people moving from rural areas to towns and the demand for electronics is high. My profits go to school fees, family upkeep and expanding my business. My family is my joy and I want to give my children the best in education and any other assistance. I love travelling and adventure and watching movies in my free time.

My Business

My business deals with electronics, that is, TVs, music systems, bulbs and electrical appliances. This is a fast growing urban centre, so the demand is high. The profit goes between 30% to 40% in every stock sold. The stock replacement is regular, that is, three to four times in a month. Mostly the profits go to inventory, family upkeep and school fees. My future plan is to have a wholesale store and create employment.

Loan Proposal

Hell dear lenders, I will forever be grateful for all you have done for me. Because of you, my life is never the same again. I still need your assistance to raise a new loan of $2,489. The loan will help me buy the following items 20 TV sets @$60 each, 10 music systems @ $40 each electric appliances @ $500 I project my business to grow by another 40% . The remainder of @489 will go to school fees for my two boys. I thank you in advance and I look forward to a favorable response. God bless you.

Show original English  

About Me

Hello Zidisha Family, my name is Samson, I am married and a father of two wonderful boys. I was born and raised in Central part of Kenya where I went to school up to high school. After high school, I moved to Kitengela Town after getting employment in a textile factory. Kitengela is a vibrant town and has alot of potential.I worked for two years after which i quit due passion to have my own business. In 2008 jan, I pstarted a small business of a video shop. My business has grown and now Ihave introduced electronics which seems promising due to many people moving from rural areas to towns and the demand for electronics is high. My profits goes to school fees , family upkeep and expanding business.My family is my Joy and I want to give my children the best in education and any other assistance. I love travelling and adventure and watching movies in my fre time.

My Business

My business deals with Electronics, that is Tvs, Music systems, bulbs and electrical appliances. This is a fast growing urban centre so the demand is high. The profit goes between 30% to 40% in every stock sold. The stock replacement is regular that is three to four times in a month. Mostly the profits goes to inventory, family upkeep and school fees. My future plans is to have a wholesale store and create employment.

Loan Proposal

Hell dear lenders, I will forever be grateful for all you have done for me. Because of you, my life is never the same again. I still need your assistance to raise a new loan of $2,489. The loan will help me buy the following items 20 TV sets @$60 each, 10 music systems @ $40 each electric appliances @ $500 I project my business to grow by another 40% . The remainder of @489 will go to school fees for my two boys. I thank you in advance and I look forward to a favorable response. God bless you.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$2,453.20

Date disbursed

Dec 13, 2018

Repayment status

Late

Projected term

11 months

Cost to entrepreneur

Service fee: 5% of $2,453.20 = $110.28

Credit risk payment: $551.41

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W

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KL

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Paul

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JD

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John Prendiville

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AE

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YM

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Marcus M

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Jorgen V

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ME

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PT

Paul T

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TH

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BC

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BB

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J

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Carla

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Bryan B

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B

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Pedro R-C

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Martin Nielsen

Aarhus, Denmark

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M

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Mattie Shaw

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Kavitha Amarnath

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K

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Aran Dunlop

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B

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I

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Douglas St Quintin

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Eszti

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Paul Smithson

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Rosario von Li

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N

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P

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JM

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Christopher Hey

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Elise E

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MT

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Thomas

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Y

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TW

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T

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Philip Schueler

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JC

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S

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A

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FJ

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GG

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V

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Joelle Steiver

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LT

Leslie Tymko

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S

Stephanie

Zurich, Switzerland

P

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Iris

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I

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DK

Danny Kelly

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RC

Rudi Chen

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B

Boris

Bern, Switzerland

Carla

United States

MK

Michael K

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MB

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WL

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United States

KT

Kate Turner

United States

NG

Nick Gorrell

Surfers Paradise, Queensland, Australia

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Tim and Kathy

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SA

Steve A

Newbury, United Kingdom

David

Mantua, Ohio Usa, United States

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L

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RG

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Bill Ballew

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AW

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RC

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tel aviv, Israel, Israel

SS

Sam Smithson

United Kingdom

JA

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Hamburg, Germany

AS

Aida Smith

United States

LZ

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United Kingdom

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

Bart Vogelzang

Ladysmith BC, Canada

SA

Shar Alamdari

Los Angeles, United States

J

jeananne

United States

J

Jon

United States

I

ibaer

Germany

L

Lucy

Australia

S

Suzannah

New York City, United States

Benjamin Kniaz

Boston, United States

SH

Stephanie He

United States

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Berlin, Germany

JS

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United States

MF

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United States

Gerrit

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KJ

Kevin J Baird

Cleveland, OH, United States

JA

Joshua Axtell

United States

IC

Ian Coutts

Chicago, USA, United States

JV

Jose Vidal

New York, United States

Day Family

Melbourne, Australia

AH

Ari Helgason

United Kingdom

VC

Victor Chong

United States

Grégoire

Zurich, Switzerland

HD

Hardik Desai

United Kingdom

BE

Bob Ewing

United States

V

VJ

Canberra, Australia

Shane Bugeja

Mankato, Minnesota, United States

R

Ryan

Albuquerque, NM, United States

R

Ralf

Germany

BP

Bill Piper

United States

Ellen

Michigan, United States

MP

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United States

K

Kyle

Durban, United Kingdom

Ken

Mequon, WI, United States

AD

Amy Dinh

United States

MS

Mona S

United States

L

Lastoni

United States

D

Dalton

San Francisco, United States

C

Campbell

New Zealand

HCPSPIRIT

Helsinki, Finland

Dean Suminski

Portland, Oregon, United States

The Weltys

Averill Park, NY, United States

S

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GS

Gary Sinard

Franklin, TN, United States

M

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Napoli (Italy), Germany

MH

Meika Harris

United States

TB

Tim Barrett

United States

M

Mack

Harbor, Oregon, United States

JF

J Fister

United States

Debbie Merritt

Zebulon, North Carolina, United States

JU

jeremy upsal

United States

Brandon Wright

Salt Lake City, Ut, United States

Philipp Lehmann

Zurich, Switzerland

A

Aaron

United States

KA

Khaled Asmri

Saudi Arabia

MM

Mike McGary

United States

A

Anabell

Elizabeth, United States

Mike

Indianapolis, United States

DW

Dan Winetsky

United States

WC

Walter Clarke

Phoenix, United States

JH

Joseph Hwang

Houston, United States

Victoria Keenan

East Anglia, United Kingdom

L

Liam

New Zealand

E

Eric

Canada

JC

Jordanna Chord

Kirkland, WA, United States

AS

Andreas Schäfer

Basel, Switzerland

Tyler Metcalf

Utah, United States

S

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Ocean Shores, Australia

A

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Netherlands

RH

Rachel Hipp

United States

TH

Tyler Harris

United States

LR

Loyce Riggans

United States

S

Sarah

Arlington, United States

A

Alex

United States

S

S

Canberra, Australia

Nethanel Kohen

NYC, United States

KJ

Karin Joy

Philadelphia, PA, USA, United States

B

Bartl

United States

BA

Burf and Patsy

St. John's, Canada

A

Anne

United Kingdom

Chris

Zurich, Switzerland

SS

Sam Smith

United States

MP

Michael Poley

United States

BB

Brad Brunz

United States

Thereze Ovid

Brooklyn, New York, United States

JS

Jon Scheiding

United States

Ronald

Dättwil, Switzerland

ADK

Saint Louis, United States

BG

Bruce Garretson

Portland, Oregon, United States

H

Haley

United States

JN

Julie Noel

United States

RC

Robert Chen

United States

JL

James Little

United Kingdom

N

Nicholas

Australia

DM

Drew Miller

United States

M

Mushbugg

United States

J

Johanna

Zürich, Austria

RW

Ronald Waite

United States

L

lysander

Australia

Erin Jay

Findlay, OH, United States

CP

Chris Prall

United States

RD

Roel De Meester

Antwerpen, Belgium

LM

Lee Montecucco

Washington State, United States

sbdoc

Reno, United States

E

EJOBIV

United States

AA

Andrew and Kim

Nashville, TN, United States

Sebastian

Andwil TG, Switzerland

J

JB

Germany

Elizabeth

Australia

LL

Lena Liz

United States

DR

Denise Ramser

United States

J

JWC

Republic of Korea

Brian Thomson

Lyndoch, South Australia, Australia

CJ

Chloe Jensen

United States

Stefan Koshold

Mülheim, Germany

Remo

Switzerland

P

Peter

Germany

A

Ayse

Switzerland

S

Sandra

United States

BR

Brian Rickman

United States

I

Ivan

New York, United States

We Not Me

St. Paul, Minnesota, United States

KM

Karen Marshall

Alice Springs, Australia

GA

Gal Ashuach

רעננה, Israel

DB

Darren Boyd

United States

LT

Lisa Taylor

California, United States

VD

Van Duong

United States

AE

Asher Enciso

United States

Mark Wilco

Columbus, OH, United States

James Liao

San Francisco, United States

Gerhard

Vienna, Austria

EA

Eric Ayers

Atlanta, United States

Adrian

Liverpool, United Kingdom

J

Jim

Canada

V

Vipul

United States

KA

Kate and Tom

United States

DK

David Kirsch

United States

BS

Brendan Scanlon

Troy, United States

M

Mika

Switzerland

Michael Winter

Hessisch Oldendorf OT Rumbeck, Germany

Peter Collins

Darmstadt, Germany

CE

Christopher Engleright

Stafford, United States

BH

Brad Holaway

Scottsdale, United States

Jochen

Switzerland

Andrew

United States

RS

Ralph Smyth

United Kingdom

S

Shayla

United States

T

T

United States

LD

Lisa Dresner

United States

Angela Chu

Toronto, Canada

KO

Kenneth Oram

United Kingdom

JI

Joshua Israel

United States

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

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