Loan to purchase a personal computer for my business
Alfayo
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Alfayo
Member since
July 2015
On-time repayments
142 installments • 30%
About Me
I am a young Kenyan part time accounting student and entrepreneur. I am from Western Kenya, where I was born, raised and schooled up to high school level. After completing High school, i moved to Nairobi to find work as I planned to start college. I did some manual labor for a year, using my savings to buy a computer machine and a mobile phone repair toolkit. I then started a mobile maintenance and repair business with some little training I had acquired at a friends shop. This is the main business activity I engage in while living in Nairobi. I'm also a part-time CPA (Certified Public Accountant) student at Kabete Technical Training Center a few minutes from Kangemi, where I live.
My Business
My business involves the repair and maintenance of mobile phones, tablets, and other hand-held devices. Besides servicing and maintenance, I sell SD Memory cards, screen guards and batteries. The business is more service oriented. I load music and videos on the phones at a fee. These services are in demand because, mobile phone penetration is very high in Kenya. Many people have the mobile phone as an important aspect of their businesses and lives. I chose this business because it is financially promising and interesting. Considering the fact that the Nairobi population is mostly youthful, there is an abundance in the market for the business. Monthly, I spend 10,000 (100 USD) on spare parts and stock. I spend an additional 4000 shillings ()40 USD for my Kiosk rent. Repairs and multimedia oriented services bring in averagely 15,000 shillings while spares and items (SD memory cards, Screen guards, batteries) sales yield averagely 18,000 shillings (180 USD). This is approximately Ksh.33,000 (330 USD) gross income coming to a net of Ksh.19,000 (190 USD). I use my revenues to pay rent for the Kiosk, some for school fees of my accounting course, personal effects and I save a substantial amount of the rest (Averagely 6,000 (60 USD))
Loan Proposal
First, I would like to thank Zidisha and my Lender Mr.Paul for the opportunity and trust I was accorded with the funds. The business is doing good. I need a strong personal Computer for computerized diagnosis and servicing of mobile phones. My business currently focuses on repair of phone hardware. I would like to start operating system and applications downloading, installation and maintenance. More people are moving to Android and IOS smartphones and there is a growing market for configuration and installation of phone software. I currently have an old personal computer that struggles to run software like Phoenix Service Software for Nokia Symbian OS updating, repair or installation. Due to this, I miss out on offering services that would add approximately Ksh. 8000 ($80) a month to my income. If given, I will use to buy a strong PC of at least Dual Processor, 4 GB RAM and 320 GB Hard Drive. The PC will cost Ksh. 20,000 (USD 200). This machine will help me capture clients who need services that require the use of the PC to dispense. I will really appreciate the loan.
Feedback
Positive
None
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$193.00
Date disbursed
Dec 3, 2015
Repayment status
On Time
Projected term
30 months
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Summary
Amount repaid
$202.87
Amount remaining
$0.00
Date repaid
May 19, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Dec 13, 2015 | $10.00 | Dec 13, 2015 | $10.00 |
| Dec 20, 2015 | $4.00 | Dec 21, 2015 | $4.00 |
| Dec 27, 2015 | $4.00 | Dec 31, 2015 | $4.00 |
| Jan 3, 2016 | $4.00 | Jan 6, 2016 | $4.00 |
| Jan 10, 2016 | $4.00 | Jan 14, 2016 | $4.00 |
| Jan 17, 2016 | $4.00 | Jan 23, 2016 | $4.00 |
| Jan 24, 2016 | $4.00 | Jan 28, 2016 | $4.00 |
| Jan 31, 2016 | $4.00 | Feb 7, 2016 | $4.00 |
| Feb 7, 2016 | $4.00 | Feb 9, 2016 | $4.00 |
| Feb 14, 2016 | $4.00 | Feb 16, 2016 | $4.00 |
| Feb 21, 2016 | $4.00 | Feb 21, 2016 | $4.00 |
| Feb 28, 2016 | $4.00 | Mar 6, 2016 | $4.00 |
| Mar 6, 2016 | $4.00 | Mar 15, 2016 | $4.00 |
| Mar 13, 2016 | $4.00 | Mar 27, 2016 | $4.00 |
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $0.00 | ||
| Apr 3, 2016 | $0.00 | ||
| Apr 10, 2016 | $2.50 | Apr 27, 2016 | $2.50 |
| Apr 17, 2016 | $2.50 | Apr 27, 2016 | $2.50 |
| Apr 24, 2016 | $2.50 | Jun 13, 2016 | $2.50 |
| May 1, 2016 | $0.00 | ||
| May 8, 2016 | $0.00 | ||
| May 15, 2016 | $0.00 | ||
| May 22, 2016 | $0.00 | ||
| May 29, 2016 | $0.00 | ||
| Jun 5, 2016 | $0.00 | ||
| Jun 12, 2016 | $0.00 | ||
| Jun 19, 2016 | $0.00 | ||
| Jun 26, 2016 | $0.00 | ||
| Jul 3, 2016 | $0.00 | ||
| Jul 10, 2016 | $2.00 | Jul 8, 2016 | $2.00 |
| Jul 17, 2016 | $2.00 | Jul 17, 2016 | $2.00 |
| Jul 24, 2016 | $2.00 | Aug 20, 2016 | $2.00 |
| Jul 31, 2016 | $2.00 | Aug 20, 2016 | $2.00 |
| Aug 7, 2016 | $2.00 | Aug 20, 2016 | $1.00 |
| Sep 9, 2016 | $1.00 | ||
| Aug 14, 2016 | $2.00 | Sep 9, 2016 | $2.00 |
| Aug 21, 2016 | $2.00 | Sep 9, 2016 | $1.00 |
| Oct 6, 2016 | $1.00 | ||
| Aug 28, 2016 | $2.00 | Oct 6, 2016 | $1.00 |
| Oct 7, 2016 | $1.00 | ||
| Sep 4, 2016 | $1.00 | Oct 7, 2016 | $1.00 |
| Sep 11, 2016 | $0.00 | ||
| Sep 18, 2016 | $0.00 | ||
| Sep 25, 2016 | $0.00 | ||
| Oct 2, 2016 | $0.00 | ||
| Oct 9, 2016 | $0.00 | ||
| Oct 16, 2016 | $0.00 | ||
| Oct 23, 2016 | $1.00 | Oct 25, 2016 | $1.00 |
| Oct 30, 2016 | $1.00 | Nov 3, 2016 | $1.00 |
| Nov 6, 2016 | $1.00 | Nov 12, 2016 | $1.00 |
| Nov 13, 2016 | $1.00 | Nov 12, 2016 | $1.00 |
| Nov 20, 2016 | $1.00 | Nov 29, 2016 | $1.00 |
| Nov 27, 2016 | $1.00 | Dec 19, 2016 | $1.00 |
| Dec 4, 2016 | $1.00 | Dec 19, 2016 | $1.00 |
| Dec 11, 2016 | $1.00 | Jan 20, 2017 | $1.00 |
| Dec 18, 2016 | $1.00 | Jan 20, 2017 | $1.00 |
| Dec 25, 2016 | $1.00 | Jan 21, 2017 | $1.00 |
| Jan 1, 2017 | $1.00 | Jan 21, 2017 | $1.00 |
| Jan 8, 2017 | $1.00 | Feb 8, 2017 | $1.00 |
| Jan 15, 2017 | $1.00 | Feb 15, 2017 | $1.00 |
| Jan 22, 2017 | $1.00 | Feb 15, 2017 | $1.00 |
| Jan 29, 2017 | $1.00 | Mar 6, 2017 | $1.00 |
| Feb 5, 2017 | $1.00 | Mar 10, 2017 | $1.00 |
| Feb 12, 2017 | $1.00 | Mar 29, 2017 | $1.00 |
| Feb 19, 2017 | $1.00 | Apr 5, 2017 | $1.00 |
| Feb 26, 2017 | $1.00 | Jun 18, 2017 | $1.00 |
| Mar 5, 2017 | $1.00 | Jul 23, 2017 | $1.00 |
| Mar 12, 2017 | $1.00 | Jul 29, 2017 | $1.00 |
| Mar 19, 2017 | $1.00 | Jul 29, 2017 | $1.00 |
| Mar 26, 2017 | $1.00 | Jul 29, 2017 | $1.00 |
| Apr 2, 2017 | $1.00 | Jul 30, 2017 | $1.00 |
| Apr 9, 2017 | $1.00 | Jul 30, 2017 | $1.00 |
| Apr 16, 2017 | $1.00 | Jul 30, 2017 | $1.00 |
| Apr 23, 2017 | $1.00 | Jul 30, 2017 | $1.00 |
| Apr 30, 2017 | $1.00 | Jul 30, 2017 | $1.00 |
| May 7, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| May 14, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| May 21, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| May 28, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Jun 4, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Jun 11, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Jun 18, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Jun 25, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Jul 2, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Jul 9, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Jul 16, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Jul 23, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Jul 30, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Aug 6, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Aug 13, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Aug 20, 2017 | $1.00 | Sep 19, 2017 | $1.00 |
| Aug 27, 2017 | $1.00 | Sep 21, 2017 | $1.00 |
| Sep 3, 2017 | $1.00 | Sep 21, 2017 | $1.00 |
| Sep 10, 2017 | $1.00 | Sep 21, 2017 | $1.00 |
| Sep 17, 2017 | $1.00 | Sep 21, 2017 | $1.00 |
| Sep 24, 2017 | $1.00 | Sep 21, 2017 | $1.00 |
| Oct 1, 2017 | $1.00 | Feb 14, 2018 | $1.00 |
| Oct 8, 2017 | $1.00 | Feb 14, 2018 | $1.00 |
| Oct 15, 2017 | $1.00 | Feb 14, 2018 | $1.00 |
| Oct 22, 2017 | $1.00 | Feb 14, 2018 | $1.00 |
| Oct 29, 2017 | $1.00 | Feb 14, 2018 | $1.00 |
| Nov 5, 2017 | $1.00 | Feb 14, 2018 | $1.00 |
| Nov 12, 2017 | $1.00 | Feb 14, 2018 | $1.00 |
| Nov 19, 2017 | $1.00 | Feb 14, 2018 | $1.00 |
| Nov 26, 2017 | $1.00 | Feb 14, 2018 | $1.00 |
| Dec 3, 2017 | $1.00 | Feb 14, 2018 | $1.00 |
| Dec 10, 2017 | $1.00 | May 18, 2018 | $1.00 |
| Dec 17, 2017 | $1.00 | May 18, 2018 | $1.00 |
| Dec 24, 2017 | $1.00 | May 18, 2018 | $1.00 |
| Dec 31, 2017 | $1.00 | May 18, 2018 | $1.00 |
| Jan 7, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Jan 14, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Jan 21, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Jan 28, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Feb 4, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Feb 11, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Feb 18, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Feb 25, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Mar 4, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Mar 11, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Mar 18, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Mar 25, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Apr 1, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Apr 8, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Apr 15, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Apr 22, 2018 | $1.00 | May 18, 2018 | $1.00 |
| Apr 29, 2018 | $0.00 | ||
| May 6, 2018 | $0.00 | ||
| May 13, 2018 | $0.00 | ||
| May 20, 2018 | $37.00 | May 19, 2018 | $37.00 |
| May 27, 2018 | $0.37 | May 19, 2018 | $0.37 |
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