Loan to stock mobile phone accessories

Anthony

Mtwapa, Kenya

100% repaid

Follow Anthony

How it Works

Entrepreneur

Name

Anthony

Member since

December 2014

On-time repayments

166 installments • 28%

About Me

My name is Anthony Wanyoike. Anthony was born in Limuru near Nairobi city which is the capital of Kenya. Limuru is a very cold place (by our standards!) and it is famed for quality tea production. I was born in a family of 6 and I am the first born. My 3 siblings are still in school while the other ones are working.
I went to school, both primary and secondary and later enrolled for a shipping course.

Limuru like other areas of Central Kenya is densely populated and my parents advised me to move to Mombasa to look for greener pastures while creating room for others at home. I came to Mombasa with hope of getting a shipping job but I did not succeed. However, I was lucky enough to secure a job at a mobile phone shop where I started earning a salary. I then started my own business where I sell mobile phone accessories.

I am still single but hoping to settle with a wife soon.

My Business

I was employed at a mobile shop for two years where I was earning a small salary and working for long hours. While working there, I gained crucial knowledge which would later help me in running my own business.

I started by opening a stall near a busy market and a small stock of phone accessories. With support from the client base that I had build in my previous job, I was able to rise fast and I now sell a wide variety of accessories such as batteries, covers, memory cards etc.

In spite of my success, challenges still abound, key among them lack of capital to keep up with the demands of my customers. The field of mobile phones changes rapidly and needs a good source for funds to cope with the change. This is the reason I have joined Zidisha with the hope of getting quick and reliable credit.

Loan Proposal

If given this money, I will spend it to buy a dozen cell phone batteries at a cost of $40, a dozen chargers at a cost of $25 and I will spend the rest to brand my stall to improve its visibility. This will mean more sales that will lead to business expansion.