Loan to buy new inventory and pay school fees
Samson Muriithi Muthike
Kitengela, Kenya
$0 to go
100% funded of $2,453 goal
0
days left
Entrepreneur
Name
Samson Muriithi Muthike
Member since
April 2015
On-time repayments
225 installments • 78%
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.
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: $95.24
Credit risk payment:
$476.20
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Day Family Apr 25, 2019
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