Mobile phone inventory for my cybercafe and electronics shop

John Njoroge Ngatia

Neema Estate-nyahururu Sub-county-nyandarua County-kenya., Kenya

100% repaid

Entrepreneur

Name

John Njoroge Ngatia

Member since

April 2016

On-time repayments

167 installments  •  99%

About Me

I was born and raised around Nakuru town in the Rift Valley Province of Kenya. I have a degree in education from Moi university in Kenya.
After my college education, I could not get formal employment and had to work as a 'matatu ' driver ferrying passengers from one town to another for two years.
I used the little amount of money that I had saved plus some more which I was loaned by a relative to start my business.
My country, Kenya, has extraordinary beauty both in terms geography and contrasting cultures from 42 diverse tribes. It's a choice destination for many tourists from all over the world.
I have a son who wishes to take up my hobby in computers and software as his future professional job.

My Business

I have a cybercafe and small retail shop that deals in electronic accessories.
The cybercafe caters to the people who need fast internet services, especially for government services accessed through the internet, e.g., the e-citizen website.
The retail shop sells small accessories such as phone chargers and batteries to people on transit through the town. I like my business as it augments my hobby in computers.
On average, my monthly costs range from KSh 20,000 to KSh 30,000 while revenues range from KSh 40,000 to KSh 60,000. The proceeds from the ventures are used for household needs, school fees, investment and some for recreational activities.

Loan Proposal

With my next loan,I want to increase my inventory of mobile phones .I have noted that my customers need not only feature phones but also need medium quality android phones.
Thus with this loan I will introduce phones ranging from 50 usd to 70 Usd for those customers that my need them.Such customers desire higher internet speeds for their mobile phones and better build quality.Higher internet speed means phones with atleast 3g connectivity.
The phones I will be supplying will have these quality for my customers.
The most common brands used in Kenya today are tecno and infinix .Both are Chinese brands that produce phones with good specifications at very low prices.
I intend to increase my phone stock by about six new phones from these two brands.

Show original English  

About Me

I was born and raised around Nakuru town in the rift valley province of Kenya.I have a degree in education from Moi university in Kenya.
After my college education I could not get formal employment and had to work as a 'matatu ' driver ferrying passengers from one town to another for two years.
I used the little amount of money that I had saved plus some more which I was loaned by a relative to start my business.
My country Kenya has extraordinary beauty both in terms geography and contrasting cultures from 42 diverse tribes.Its a choice destination for many tourists from all over the world.
I have a son who wishes to take up my hobby in computers and software as his future professional job.

My Business

I have a cyber cafe and small retail shop that deals in electronic accessories.
The cyber cafe caters for the people who need fast internet services especially for government services accessed through the internet e.g the e-citizen website.
The retail shop sells small accessories such as phone chargers and batteries to people on transit through the town.
I like the my business as it augments my hobby in computers
On average my monthly costs range from ksh 20000 to ksh 30000 while revenues range from ksh 40000 to ksh 60000.
The proceeds from the ventures are used for household needs,school fees ,investment and some for recreational activities.

Loan Proposal

With my next loan,I want to increase my inventory of mobile phones .I have noted that my customers need not only feature phones but also need medium quality android phones.
Thus with this loan I will introduce phones ranging from 50 usd to 70 Usd for those customers that my need them.Such customers desire higher internet speeds for their mobile phones and better build quality.Higher internet speed means phones with atleast 3g connectivity.
The phones I will be supplying will have these quality for my customers.
The most common brands used in Kenya today are tecno and infinix .Both are Chinese brands that produce phones with good specifications at very low prices.
I intend to increase my phone stock by about six new phones from these two brands.

Feedback

6

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  • nicole    Feb 26, 2020

    My sixth loan (!!!!!!!) to John (I think this is a record for me!) -- still recommended. Congratulations & best wishes for continued success!

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  • nicole    Jan 7, 2019

    My FIFTH LOAN!!! to John -- still recommended (and still making a better world!) :-)

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  • nicole    Apr 26, 2018

    My fourth loan to John -- still recommended & I will lend to you again!!

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    • John Njoroge Ngatia    May 22, 2018

      Thank you nicole for entrusting me with your funds.Together we can make a better World.Remain blessed.

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  • nicole    Oct 9, 2017

    My third loan to John -- still recommended!!

    Log in to reply • Share
  • nicole    May 27, 2017

    My second loan to John -- I would gladly lend to him a third time!

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Loan Info

Project Type

Classic Loan

Disbursed amount

$352.77

Date disbursed

Jun 16, 2017

Repayment status

On Time

Projected term

4 months

Cost to entrepreneur

Service fee: $14.83

Lenders

Q

Quomar

Żmigród, Poland

cyrus0302

San Francisco, United States

nicole

Worcester, Ma, United States

ErikN

Stockholm, Sweden

Pere

Barcelona, Spain

C

cjmenchaca

Austin, United States

S

Senryu91

caldogno, Italy

B

briansedz

Canton, Ohio, United States

Cloudways

Malta, Malta

ads68

Melbourne, Australia

A

Andy

Berlin, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

mikeoberhaus

San Francisco, United States

P

Pavane

Kungsbacka, Sweden

Evan Lamos

Brussels, Belgium

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

J

jsbisa

New Orleans, Louisiana, United States

B

bscent

Hong Kong

S

Stephan

Netherlands

S

Sven

Netherlands

Gab

Singapore

A

AER

Germany

MD

Miles Dodge

CORVALLIS, United States

W

Wade

United States

KO

Kevin OBrien

Denver, CO USA, United States

A

AHansen

Georgia, United States

Kevin

San Francisco, United States

KD

Kent Don

United States

JD

Jeff DePree

United States

ME

Manaal Eisa

Washington DC, United States

Pedro R-C

Cambridge, United States

PG

Paul Graham

United States

A

Andrei

United States

Carlo Cruz

Cincinnati, OH, United States

V

Vidar

Oslo, Norway

RC

Rudi Chen

United States

MW

Mark Walmsley

Canberra, Australia

J

Jon

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

RR

Rory Rohloff

United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

Vratik Krocik

Prague, Czech Republic

Christie Young

Boston, Ma, United States

D

Dalton

San Francisco, United States

The X2AI Team

San Francisco, United States

MM

Mike McGary

United States

CA

Carles Alcolea

Barcelona, Spain

Paul Buchheit

Mountain View, United States

Tyler Metcalf

Utah, United States

Nethanel Kohen

NYC, United States

B

Bartl

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

HB

Hugo Boss

United Kingdom

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