Mobile phone accessories

Erick

Tombe Market, Kenya

100% repaid

Entrepreneur

Name

Erick

Member since

June 2014

On-time repayments

93 installments  •  43%

About Me

My name is Erick Maroko. I come from a family of six children whereby i am the eldest. i ventured into entrepreneurship after my high school and work as a phone spare parts and accessories salesperson.I decided to ventureinto world of business my dream of proceeding with my career in college after my form four exam was cut short by poor financial background in our family despite the fact that i passed well. i have been trying to use most of my profits to buy new stock especially casings and mobile device batteries which have always been in demand. i love reading a lot, and my friends sometimes make these jokes how my head is always buried in old books. i do follow news on tv frequently and browse the net. i intend to contribute to the progress of my community and establish myself as a dedicated businessperson and thereafter enroll in a college to raise my level of my education and help my younger siblings.

My Business

i normally travel to uptown to purchase mobile phone accessories and spare parts including memory cards, casings, chips,screens and batteries and/or complete mobile phones which i then resell to the rural people at affordable prices. it helps because my business has been associated to an history off dedication and taking of customer's need into account a thing that has been favoring in the competitive market. in a month i can hit a sales revenue of up to 100USD before spending around 40USD in bills and transportation. i always use most of the profits to add new stock. i intend to use this time loan to expand my business by putting up another branch in my local area, so as to fully cater for the customers needs and to reduce customer distance. this time round i intend to open another branch due to high demand of these accessories in my locality this requires around 300$ to start it. i strongly believe that this lone is gonna help me so much on the same.

Loan Proposal

thank you my lenders for the previous loan you gave me. this time round i hope this loan is going to boost my business to greater heights from where am i so far. this time am going to use this loan to start up another shop for repairing and selling of the accessories due to high demand of repair and maintenance of phones. i decided to cope with the customers demand and preferences also to reduce the distance between me and customers.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$99.00

Date disbursed

Jun 1, 2015

Repayment status

On Time

Projected term

7 months

Lenders

PG

Paul Graham

United States

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