Mobile phone spareparts and accesories for my shop

George

Ngong, Kenya

22% repaid

Entrepreneur

Name

George

Member since

June 2014

On-time repayments

9 installments  •  0%

About Me

I have been in coollege from 2011 to 2013.I was pursuinng Diploma in information technology at Technical university of kenya,For i am waiting fr graduation this December.For now i am doing a small business so that i create employment for my fellow youths as well as society.I like watching soccer beside that i like socializing with different people.I have that potential to utilize my ability and know how about entrepreneurship which i acquired from my unit i did in college of entrepreneurship education.All in all i thank God for give me good health for me to be able to do my daily work and make me able to achieve my dream of having a big business empire.

My Business

I have a shop at mfangano street where i do repair mobile phones,sell mobile spare parts and phone accessories.I earn money which make me to pay the shop rent as well as to up keep me t go on with life.My business needs some cash so that to expand it to a big businesses where i can be to sell phone as well to become a whole seller of mobile spare parts.If given this loan i will be able to raise to my maximum ability.I believe in me that i will be able to expand it and even create employment because for now i only do it myself.I earn about 336.622 Us dollars per month.I pay 134.649 US DOLLARS for rent the rest i use them for my upkeep and funding my business.From what i earn i am sure i will be able to pay the loan you lend me.Kindly consider lending me this cash as it will go a very long way into helping me fulfil my lifelong dream.

Loan Proposal

This loan will help me to buy mobile phone spare parts for my shop this will help me to save the time which i consume to get them from outside the shop thus will enhance good services to customers.This will cost about 56.2224 Us dollars when i bought them on a wholesale price,in return it will give me a profit of about 33.7334 Us dollars.This loan i will also buy phone accessories like chargers,flip covers,cables,batteries and touch protectors this will amount about 56.2224 Us dollars when i buy on a whole sale price in return i will got a profit of about 44.9779 Us dollars when i sell them on a retail price.Any support support will help me to improve the business and be able to create an opportunity to other people in my country.This business is in high demand in my country because a recent survey showed that the number of adults in Kenya using mobile hone jumped to 62 percent in 2013, to 5.4 million people, up from just 28 percent of the population four years ago.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jul 7, 2014

Repayment status

Late

Projected term

2 months

Lenders

Zal0m0n

Atlantis!!!! x), Mauritania

Sarasota

Sarasota, Fl, United States

sderickson

Berkeley, CA, United States

Matching Fund

Sterling, United States

dpollard

United States

Ask George a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...