Mobile phone accessories

John Mathenge

Kitengela, Kenya

100% repaid

Entrepreneur

Name

John Mathenge

Member since

August 2016

On-time repayments

31 installments  •  35%

About Me

Am the last born in a family of nine. born on 15th September 1987. I started my education in the year 1993 at Kigumo Primary School where i attained 310 marks out of 500 marks. I 2003 i joined Karima boys High School and finished my secondary education in the year 2006 having attained a mean grade of B+. I joined Kenyatta university in the year 2008 and graduated in the year 2012 with a Bachelor of Science (statistics and programming)
My secondary school education had a lot of challenges due to lack of school fees but thanks to God i managed a B+ thus earning a chance to further my education.
i was employed by Equity Bank on September 2012 up to December 2012
I started my own business in the year 2013 at Nairobi with the little cash i got from my previous employer.
the most unique thing about my land is that people living in it are peace lovers and like appreciating what they have
my kid is still young and learning to speak
my hobbies are travelling , playing volleyball and meeting new friends

My Business

I deal with retail of mobile phones, their accessories and M-pesa shop.
That is phone handsets and their accessories
The phones are currently on demand due to the fact that the whole world is now embracing technology. Moreover communication being a vital order in day to day activities and the easiest mode is through mobile.
The accessories are also in demand since some of the handsets needs repairs once in a while.
M-pesa is currently the largest mobile money transfer platform in kenya with a network of over 20 million customers hence it is on high demand.
The business is interensting since one is able to know and understand the current trends in technology and the whole world in general.
Costs includes; Rent,transport, Airtime, Salaries and utilities which amounts to kes 400 dollars per month
revenue from the business amounts to kes 900 dollars per month on average

i use my revenues to grow the business, pay for my family health insurance, education policy for my kid. investing in a welfare group and saving for any unforeseen emergency

Loan Proposal

increase my stock as follows:
10 pieces Nokia handsets @ 20 dollars totaling to 200 dollars
10 pieces Samsung handsets @ 25 dollars totaling to 250 dollars
50 pieces of assorted screen guards @ 2 dollars totaling to 100 dollars
This will increase my stock and give my customers a wide range of products to choose from. I will thus be able to retain my customers.
The additional stock will hopefully raise my revenues up with an additional 500 dollars and an additional 200 dollars to the profit.

Feedback

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  • Will    Oct 12, 2017

    Although initial payments were not always on time, the loan was repaid in full nearly a year and a half early.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$507.97

Date disbursed

Mar 17, 2017

Repayment status

On Time

Projected term

20 months

Cost to entrepreneur

Service fee: $21.20

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

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