Televisions & sound systems for my electronics store and school fees for my son
Samson Muriithi Muthike
Kitengela, Kenya
100% repaid
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
Hello Dear Lenders,
I am so so grateful for your generous and kind lending. Through Zidisha, my life is never the same again. My last loan saw me purchase a secondhand car which has been of great help to my business and family. I am applying for another loan of $1,290 which will help me expand my existing business and pay school fees for my son. $800 will buy electronic goods for retailing ( $400 will buy 8 TV sets and $400 will buy 10 sets of sound systems). This will help my business to grow by 40%. The remaining $490 will help me pay school fees for my son for two terms. I appreciate so much any assistance that you will accord to me. 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
Hello Dear Lenders,
I am so so grateful for your generous and kind lending. Through zidisha, my life is never the same again. My last loan saw me purchase a second hand car which has been of grate help to my business and family. I am applying for another loan of $1,290 which will help me expand my existing business and pay school fees for my Son. $800 will buy electronic goods for retailing ( $400 will buy 8tv sets and $400 will buy 10 sets of sound system)This will help my business to grow by 40%. The remaining $490 will help me pay school fees for my son for two terms. I appreciate so much any assistance that you will accord to me. God bless you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,288.00
Date disbursed
Apr 21, 2017
Repayment status
On Time
Projected term
21 months
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