Mobile phone and accessories

Rosemary

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Rosemary

Member since

June 2015

On-time repayments

200 installments  •  70%

About Me

Dear Lenders,
I was born in Machakos country in Kenya in a very small area called Kithimani, I went to school in the nearby school where i managed to finish my primary level and graduated to secondary level. We are born seven in our family and i am the second born in our family. I managed to pass the KSCE but due to lack of school fees i did not manage to go university. I was told by my parent that they cannot take me to high education because they need to pay school fees for my siblings.
I was sent to the city of Nairobi where my uncle managed to get me a casual job in industrial area Nairobi, with the little saving i had i managed to go to college and learnt accounts.
Later i got a good job where now i am earning Kshs.40,000/- per month equivalent to USD390/- currently.

My Business

Dear Lenders,
First i would like to take this opportunity to thank you for the help that you have give me and my entire family.
This is my 7th loan, and i have been able to grow my business from nothing to a big business. When i applied first i was able to raise chicken farm which is still going on.
I would like to make a proposal for school for my child education. Last year she did her Kenya Certificate of Primary Education and managed to attain 398 marks out of 500 marks which is an A grade.
She was admitted in one of the best Girl's High school in Homabay, Kenya.
I am requesting for assistance to pay her school fees so that she can be able to attain her goals in life.

Kindly consider my application and fund me.

Thanking you.
Rosemary

Loan Proposal

Dear Lenders,

I am intending to buy mobile phones and mobile phones accessories from wholesalers in Nairobi town. I have a budget to buy 10 pcs mobile phones each costing USD 50.00 and 5 pcs Mobile phone each costing 30.00 to begin with, and the remaining USD 120.00 i will buy things like head phones, ear phones, mobile charges, memory cards and other small accessories which are needed here in Kenya to upgrade the existing mpesa business.
I have done my costing, with the mobile phones i will add USD 10.00 to amount i bought and with the mobile accessories i will add a margin of USD 5.00 to make a profit.
I am expecting a profit margin of 10% profit or more from the stock i will buy, and in return i will double my stock in next three months.
Kindly consider because my loan has expired twice, and I am worried if it expires again. I am begging you to fund me to better my life and the education of my five children.

I will give back to my community by giving my children the best education and help my community in return.

I thank you for giving me this opportunity again.

Kind regards
Rosemary Kilonzo

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$246.00

Date disbursed

Jan 23, 2018

Repayment status

On Time

Projected term

16 months

Lenders

Craig

Memphis, TN, United States

CL

Chris Lee

United States

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