Loan to buy phone accessories

Henry

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Henry

Member since

July 2014

On-time repayments

268 installments  •  81%

About Me

My name is Henry Muya, born in Nakuru County in the Rift Valley region of Kenya. I was born in a family of nine where I am the fourth born. My parent are small scale farmers in Nakuru. I went to local schools for my primary and secondary education and then enrolled in a college where I got training in computer applications and Business management. I have done a course in Accounting here in Mombasa.

After my college education, I was employed to work in a micro-finance in Mombasa where I worked for three years. I later quit my job due to strong desire to start my own business. I started small by starting an mobile phone accessories shop which later expanded to include mobile money transfer which is very popular here in Kenya.

I am married to one wife.

My Business

My business entails sale of cloths and mobile phone accessories and mobile money transfer popularly known as Mpesa. The business is located in Mombasa in an area which is densely populated. I get my stock mostly from Nairobi but I am hoping to start traveling abroad to get them from the source market. My products range from phone chargers, batteries, earphones etc. All these products are very popular with the masses and I am always assured of a steady flow of clients.
On the cloths business i mostly deal with men's shirts and trousers which move so much because of the location of my business
The business is quite profitable and I usually make a net monthly profit of about $400. This business two businesses has potential to yield much more if given much needed capital. I have a strong desire to expand my business but this is only possible if I can access credit facility hence my decision to continue with Zidisha.

Loan Proposal

My business deals with sale of mobile phone accessories as well as mobile money transfer. If given this loan, I intend to put all of it in the accessories section and spend it as follows:

1. Assorted Phone covers - $60
2. Low end mobile phones - $80

This will improve my sales volumes drastically and I am hoping to build on this momentum to move by business to even greater heights. I am looking forward to getting funded in my first bid at Zidisha so that I realize my dreams.

Thank you.

Feedback

2

None

1

  • Day Family    Apr 25, 2019

    No payment, no contact in 4 months for a large $1,000 loan. Not good.

    Log in to reply • Share


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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jul 31, 2014

Repayment status

On Time

Projected term

2 months

Lenders

E

elkbrett

Bradenton, United States

McJulio

New Jersey, United States

camilberlin

Berlin, Germany

Bobrm2k3

Charleston, United States

calvero

Bergen, Norway

Longhorn

Austin, United States

Sarasota

Sarasota, Fl, United States

T

thebonseung

Republic of Korea

Matching Fund

Sterling, United States

CMK71

San Francisco, United States

Sputnik

Switzerland

J

jdelaporte

United States

K

kennychit

United States

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Summary

Amount repaid

$155.44

Amount remaining

$0.00

Date repaid

Oct 25, 2014

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Aug 8, 2014 $12.95 Aug 7, 2014 $12.95
Aug 15, 2014 $12.95 Aug 7, 2014 $2.16
Aug 15, 2014 $10.79
Aug 22, 2014 $12.95 Aug 15, 2014 $4.33
Aug 21, 2014 $8.63
Aug 29, 2014 $12.95 Aug 21, 2014 $6.49
Aug 29, 2014 $6.47
Sep 5, 2014 $12.95 Aug 29, 2014 $8.65
Sep 4, 2014 $4.30
Sep 12, 2014 $12.95 Sep 4, 2014 $10.81
Sep 12, 2014 $2.14
Sep 19, 2014 $12.95 Sep 12, 2014 $10.65
Sep 19, 2014 $2.30
Sep 26, 2014 $12.95 Sep 19, 2014 $7.00
Sep 26, 2014 $5.95
Oct 3, 2014 $12.95 Sep 26, 2014 $5.67
Oct 3, 2014 $7.28
Oct 10, 2014 $12.95 Oct 3, 2014 $0.86
Oct 10, 2014 $12.09
Oct 17, 2014 $12.95 Oct 10, 2014 $1.28
Oct 17, 2014 $11.67
Oct 24, 2014 $12.95 Oct 17, 2014 $2.28
Oct 25, 2014 $10.67

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