Entrepreneur
Name
Francis
Member since
February 2015
On-time repayments
121 installments • 31%
About Me
Am Francis Thuku Wandiga. I was Born in 1980 in Nakuru Free Area ,first born in a family of Four, but know living in Nakuru, Kaptembwo estate. I started my education in Lion Hill Primary School and later in St. Joseph's Junior Seminary, Molo. I later joined Thika Technical Training Institute for my Diploma in Electrical Engineering which I finished in 2006.
After college I sort for employment in various companies like Menengai Refineries Nakuru in 2007 and Eveready, East Africa in 2008 as a Machine Maintenance Technician lasting for a year in each company. In 2009 I decided to start my own business but lack of capital made it impossible so I joined a friend in his workshop and we worked together for one year. In his workshop I gained experience in a relevant field of electronics, Mobile phone repair which I have been doing since then. In 2010 I managed to acquire a room which I renovated to accommodate both phone repair and electrical and electronics work.
My Business
My business name is Hyper IT Solutions which I started in 2009 situated at Njokerio center near Egerton University, Njoro Campus. So far, my income has been increased from Kshs. 15,000 to Kshs. 25,000 average per month since my last loan.
My main source of income is in Mobile Phone repair, computer maintenance and electronics repair. My business location is crucial since the student in Egerton University has a ready market for both Phone, Computer and other electronics repair services.
My business expenses are limited to the cost of spare parts, accessories and the relevant council license which is paid yearly.
It is with great respect that I request for another loan to boost my business.
Loan Proposal
The loan will be used to purchase stock for both laptops and mobile phones. The 100 dollars loan will be very helpful to my business as I will be able to have the accessories ready when I need them unlike now that I have to rush to other shops for the accessories when I have a customer also my customers will benefit from it in that the repair work time will be less and they will be able to get their items in less time than before.
If I get the loan, my monthly income will increase to around 244 dollars from the current 167 dollars because being able to get the accessories in wholesale will reduce my current cost thus increasing my profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 2, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Switzerland
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