Purchase of New Vehicle to Support Mobile Appliance Business
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
Dear Lenders, I want to thank you so much for all your assistance and for uplifting my life in the most possible way. I am requesting a Loan of $820, that will enable me to purchase a second hand station wagon car. This car will help me so much in my business for goods transport in my electronic business. The total cos of the car will be $4,000 of which I have saved $3,300 from the business zidisha has helped me in funding. I am humbly requesting for your assistance to accomplish this important step. I want to thank you so much as I wait for your most valued decision to fund me. God bless you all.
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
Dear Lenders, I want to thank you so much for all your assistance and for uplifting my life in the most possible way. I am requesting a Loan of $820, that will enable me to purchase a second hand station wagon car. This car will help me so much in my business for goods transport in my electronic business. The total cos of the car will be $4,000 of which I have saved $3,300 from the business zidisha has helped me in funding. I am humbly requesting for your assistance to accomplish this important step. I want to thank you so much as I wait for your most valued decision to fund me. God bless you all.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$827.19
Date disbursed
Aug 24, 2016
Repayment status
On Time
Projected term
9 months
Cost to entrepreneur
Service fee: $32.13
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