Loan to increase stock for my electronic accessories shop
Jack
Nairobi, Kenya
19% repaid
Entrepreneur
Name
Jack
Member since
July 2015
On-time repayments
233 installments • 10%
About Me
Am a born again christian, a degree in business administration holder a firstborn in a family of three, a father and a husband of one child and wife respectively.
In addittion i work in nakumatt supermarket as a salesman.
Growing up in a humble background inspired me to always work hard and starting my business was a dream come true.
The biggest obstacle to starting my business was raising the capital i needed to begin. This prompted me to borrow from family and friends and add to my little savings and begin.
With time my business has achieved stability.
My hobbies include reading novels and watching documentaries.
My Business
My business is located in kahawa sukari and deals in sale of tools and electronic accessories such as mobile phone batteries,memory cards,flash discs,mobile phones,pliers and screw drivers among other things.
I chose to delve into this business due to high demand for such goods.
The business has existed for three years.
My typical costs per month include: rent-$78
Employee salary-$111
the business usually realise an average profit of $355
Most of the profits are usually re invested in the business.
Loan Proposal
With this loan, i will increase my stock by acquiring additional commodities such as: extensions $90
mobile phone housings $45
memory cards and flash disks 45
Earphones and headphones $90
This will enable customers to be able to find this goods from shop.
This loan will also boost my profit margin by about 20%.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$239.00
Date disbursed
Dec 17, 2015
Repayment status
Late
Projected term
51 months
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