Stock of mobile phones for my small business

Gibson Makanza

Malindi, Kenya

100% repaid

Entrepreneur

Name

Gibson Makanza

Member since

November 2016

On-time repayments

94 installments  •  80%

About Me

As a young boy from a humble background, I had the vision to prosper in my life so that i can help my people in the community by employing them and supporting them too.
Thus i worked hard in my education and succeeded to the university.
After my undergraduate course i was employed at a company in my home town and thought beyond being employed while others are unemployed. This reminded me of the vision when i was a little boy and thus a business idea came over me and thus used my salary as a capital for used phones business.
Since my business was well received by the community, i wanted it to expand to not only phones but laptops too. After sharing my vision on my business with a friend he then told me of the zidisha organization which gives loans so that one can expand his business.

My Business

I ventured into second hand mobile phone sale which has picked up well in my town and would wish to expand the business to not only phone but laptops and other devices too.
I chose second hand mobile phones because most people can't afford buying from the shop because their prices are usually high thus preferring the used phones which are relatively cheap.
The profit i'll be getting from my business i'll use it to increase the capital and also open up branches to other towns as well.

Loan Proposal

Since my loan limit has increased, this will make a positive change in my small business since with US $20, i can buy atleast three (3) mobile phones of which will give a profit of about 50% of the amount. This creates a great boost to my business life and also my customers can buy the equipments at a slightly lower price compared to most mobile phone shops.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$23.82

Date disbursed

Jul 25, 2017

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $1.00

Lenders

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

JF

J Fister

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

A

Anonymous

United States

S

Sai

Singapore

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