Mobile phone accessories:- batteries, chargers and sim cards

Wilfred Njiri Njamba

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Wilfred Njiri Njamba

Member since

March 2015

On-time repayments

292 installments  •  78%

About Me

My name is Wilfred Njiri, married and with 2 children. Am a Kenyan citizen born in central Kenya in kiambu county where I grew up and lived until I completed my high school. I later moved to the City of Nairobi for my college education. After I lost my job in 2010, I started a small business from my savings .I live in Kitengela, an area that is cosmopolitan where i interact with people from different cultures and backgrounds. The national park is near and at times we happen to see the straying wildlife . My two children a Girl and a Boy gives me challenge to work hard for their good performance in school , one aspire to be a banker the other one engineer, I have love for nature and love planting trees and flowers, I also love reading science news!

My Business

My business is small where i buy and sell mobile phones and accessories. Here in kenya, mobile phones have become extremly necessary because you use your mobile phone to access all banking services, from paying school fees to utility bills to communication and the entire country is connected so the demad is high, from $10 you can afford to buy a hand set and sell it for $14 - $16, so you almost make 50% profit, I wish to continue expanding the business with the lending i get, my profit usually goes to paying school fees, family and business upkeep, my desire is to grow my small business to become big enough to create employment to other people or even become a lender. I wish to thank all the lenders who would wish to fund me and other applicants, you are doing a noble task!

Loan Proposal

I will use the funds to stock mobile phone accessories, that is , batteries, chargers and sim cards. will buy battries each @$2 and [email protected] each, chargers [email protected] 0.6$ and sell each @1$ sim cards each @ 0.3$ and sell @1 with that,from my first lend i will get a profit of 40$ to 50$! That will be 100% profit in a month!

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.27

Date disbursed

Apr 8, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Service fee: $1.88

Wilfred Njiri opted to pay $16.61 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

McJulio

New Jersey, United States

fairspirit

Utrecht, Netherlands

SimonD

Lincoln, Uk, United Kingdom

Cathy

Melbourne, Australia

Ask Wilfred Njiri 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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