Loan to stock electronic spare parts

Martin

Kitale, Kenya

100% repaid

Entrepreneur

Name

Martin

Member since

February 2015

On-time repayments

73 installments  •  53%

About Me

My is Martin Otieno I live in Kitale Trans-nzoia county. I was brought up in Kisumu, Nyanza region. I am the first born in a family of 2 siblings. My parents died in a road accident when I was only five years and so my brother and I were left as orphans. My uncle took care of us, so we moved from Kisumu to Kitale.
I managed to finish my primary and secondary education and I passed very well. I could not join college because my uncle had his own children who were still schooling. By Gods grace well wishers and neighbors did a fundraising and I went to college where I studied electrical and electronics studying part time, during the other time I worked as a cleaner in a supermarket in Kitale town where the little salary I got I used to pay fees for my younger brother, and save for my studies. In college I attained a diploma in electrical and electronics. After graduating from college I was promoted from a cleaner to a sales representative in electrical and electronic department. I later started my own business of electronics repair.
My hobbies are traveling, socializing, listening to music and reading.

My Business

My business is located along Kitale, Kapenguria highway next to Kapenguria bus station. It deals with electronics repair such as television, mobile phones, and radios. The business is ideal because this location is populated and there is no competition. Having necessary knowledge in this business am able to handle different kinds of customers. I get $300 every month, I use the profit to pay electricity bill, rent, re-invest and pay fees for my brother.
My dream and aim is to expand this business to different parts of the town.

Loan Proposal

Thank you lenders and Zidisha community for the previous loan which changed my life and my business .Through zidisha loan my profit margin went up by 30%.
I used the profit to pay my monthly bills and re invest further in electronic spare parts.
When given this second loan i would use it to add more stock of electronics i.e ICs,Resistors,Diodes,Transistors and phone parts.
This will push my business up and increase my profits to around 40% since i already have ready market.This is from the clients who come for repair since they will have to buy the replacement parts from my shop and i will also get customers from the nearby workshops since they dont stock spare parts.
estimated budget:
Electronic spares $150
phone spares $50
Thank you in advance for your consideration.
When given this loan i will be able to improve my livelihood and pay this loan without strain.

Feedback

2

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$203.00

Date disbursed

May 13, 2015

Repayment status

On Time

Projected term

3 months

Lenders

rebecca

Chapin SC, United States

Dianne

Maryville, United States

N

nkalina

Bloomington, United States

fiego

Mannheim, Germany

M

Monarch84

Las Vegas, United States

S

syklop

Lausanne, Switzerland

R

rlajoux

Bangkok, Thailand

investor

Candiac, Canada

J

JonnyPrice

San Francisco, United States

T

tatts2000

melbourne, Australia

bdm4a

San Fransisco, United States

J

JLewe

Atlanta, Georgia, United States

G

garrybuck

Oro Valley, United States

Joellen

Boulder, United States

C

CavLender

Charlottesville, United States

S

sebseb

The Hague, Netherlands

E

Esuil

Vallentuna, Sweden

D

Davieboy

Melbourne, Australia

DeanDropshot

Oslo, Norway

Charmonica

London, United Kingdom

EHTHighSchool

Egg Harbor Township, United States

S

snowlilly

Sanford, United States

adventurerneil

Boulder, United States

oleseidenberg

Berlin, Germany

Straetman

Kaarst, Germany

J

jozua

Delft, Netherlands

K

Kerkeslager

Richmond, United States

F

Fiodal

Helsinki, Finland

M

m_dennis

Toronto, Canada

T

treyh

San Diego, CA, United States

B

beowulf911

Yarmouth, Canada

S

sirius

Lauterach, Austria

J

javakonsole

Berlin, Germany

G

greenthomas

Tübingen, Germany

mikeypw62

Seminole, United States

C

cjmenchaca

Austin, United States

Simon Thomas

Christchurch, New Zealand

B

Benoit

Paris, France

H

Halli

Bottrop, Germany

beverly

Vancouver, Canada

P

paixful

Coalhurst, Canada

J

jjonas

berlin, Germany

J

Jazzie

Oklahoma City, United States

S

Snake707

Somewhere, Germany

G

grahamfamily

Guildford, United Kingdom

S

SeanWolfPack

Raleigh, United States

N

nodogosi

Espoo, Finland

B

blue0green717

St-Lucien, Canada

Cloudways

Malta, Malta

D

Dadiolafs

Vestmannaeyjar, Iceland

element

Trondheim, Norway

P

penguin3694

Chicago, United States

T

the0bauman

Hillsboro, United States

borscht

Golden, United States

lorello

Vicopisano, Italy

N

nichsafti

Menlo Park, United States

countrygirl

Spring Green, United States

R

randy98109

Seattle, United States

ads68

Melbourne, Australia

M

michaelangers

Toronto, Canada

P

Patrick5678

Beijing, China

ryanissamson

Philadelphia, United States

O

Oscart

Edmonton, Canada

doflynn

Dublin, Ireland

M

mkellerman

Shanghai, China

basicus

Cairo, Egypt

D

DaveH

Folsom, United States

I

IanPate

Victoria, Canada

J

Jopar

Corroios, Portugal

fairspirit

Utrecht, Netherlands

C

caz32

chertsey, United Kingdom

J

jmpark

San Francisco, United States

Z

ZacJ89

RIverside, United States

greensheep

Jakarta, Indonesia

jan73

Eugene, United States

Zal0m0n

Atlantis!!!! x), Mauritania

gseletko

South Perth, Australia

S

Spelbreker

Zwijnaarde, Belgium

S

seikatsu

Palo Alto, CA, United States

dmirpuri

Bangkok, Thailand

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

S

Sjors

Eindhoven, Netherlands

B

boingrid

Norrköping, Sweden

E

E

Marin county, United States

H

Haavard

Bergen, Norway

JulianHF

London, United Kingdom

M

mrjamesg

London, United Kingdom

G

GanSatya

United States

D

dcb1987

Chicago, United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

M

Malibu

Westwood, United States

Matching Fund

Sterling, United States

cc5alive

Los Angeles, United States

R

Rootdet

Fairfax, United States

ColinHicks

Chichester, United Kingdom

Paul Buchheit

Mountain View, United States

A

abbasm

United States

A

ajayhk

San Jose, United States

J

jbhernan

United States

Agerfar

Aarhus, Denmark

TyWee

Manila, Philippines

SV

sven vdk

Twickenham, United Kingdom

A

adamdreaming

United States

N

nausher

United States

R

Ruj-ura

Thailand

KM

Kirsty M

United Kingdom

N

Niels

Berlin, Germany

AE

Asher Enciso

United States

Ask Martin a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$213.42

Amount remaining

$0.00

Date repaid

Jun 23, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
May 24, 2015 $13.33 May 23, 2015 $13.33
May 31, 2015 $13.33 May 23, 2015 $4.44
May 28, 2015 $8.89
Jun 7, 2015 $13.33 May 28, 2015 $4.44
Jun 7, 2015 $8.89
Jun 14, 2015 $13.33 Jun 11, 2015 $13.33
Jun 21, 2015 $13.33 Jun 12, 2015 $13.33
Jun 28, 2015 $13.33 Jun 12, 2015 $8.89
Jun 16, 2015 $4.44
Jul 5, 2015 $13.33 Jun 16, 2015 $13.33
Jul 12, 2015 $13.33 Jun 16, 2015 $11.11
Jun 19, 2015 $2.22
Jul 19, 2015 $13.33 Jun 19, 2015 $13.33
Jul 26, 2015 $13.33 Jun 19, 2015 $13.33
Aug 2, 2015 $13.33 Jun 19, 2015 $13.33
Aug 9, 2015 $13.33 Jun 19, 2015 $7.78
Jun 23, 2015 $5.56
Aug 16, 2015 $13.33 Jun 23, 2015 $13.33
Aug 23, 2015 $13.33 Jun 23, 2015 $13.33
Aug 30, 2015 $13.33 Jun 23, 2015 $13.33
Sep 6, 2015 $13.42 Jun 23, 2015 $13.42

Loading...