Mobile phones and phone accessories

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

Hello dear Lenders, first I want to thank you so much for the big heart of helping people in needs like me and many more in zidisha. As I had stated, the past two loans have helped my business to grow by 40%. I wish to continue expanding this business by adding more stock to cater for the clients demand asI cater for my needs too. I intend to use the borowing to increase the stock of phones from the current 20 pieces to 40 to 45 pieces. The cost of the new stock per piece will range from $12 to $20 per piece. That is 10 pieces of $12 each, and sell at $19 each. Giving me a profit of $7 x 10=$70. The rest of the fund will purchase 7 phones of $20 each and will sell each @ $30. Giving me a profit of another $70. This will give me a total of $140. By the time I finish repaying, I will have doubled this profit projecting to make over 100% profit. Thank you so much for your continued support. Looking forward for your kind consideration

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$272.69

Date disbursed

Aug 5, 2015

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $11.32

Lenders

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