More inventory for my home-supply shops

Samuel Wangechi

Nairobi, Kenya

33% repaid

Entrepreneur

Name

Samuel Wangechi

Member since

April 2014

On-time repayments

103 installments  •  70%

About Me

I was brought up by a single mother, after sitting for my KCPE(was kept in school by well wishers), my mother was unable to take me to college. I had to do odd jobs like helping people with their baggage, at bus stops, to raise enough money to pay for a mobile phone repair course. this has helped me open a small stall where we repair phones and other electronics. we also sell various accessories. when am not working I like reading electronic eBooks on my computer.

My Business

My business is a stall where mobile phones and related electronics, mostly domestic are repaired. we also stock related accessories like mobile phone chargers, batteries, covers and housing cases. due to the technology growth rate in Kenya, I believe these are gadgets with high demand. since I was a kid, I have always had passion for electronics and hence the choice. Am also planning to seperate the accessory shop and the repair shop, to enhance working environment. In this business the typical costs are, stall rent, local authority permits wages for the technicians and utility bills like electricity. the business also caters for my family, one wife and a kid. currently am not paying any school fess, since my kid is a toddler but am sure in future I'll, hence the need to expand the business. i see this business as a pillar for my family.

Loan Proposal

Hello Lenders, after I opened a new branch and managed to put a few items on stock, am now looking forward to fully stocking my shop and also to add some few power tools for my workshop.
After doing my own analysis, I found out that people are dynamically changing most of their household lighting fittings. these are the ones am looking forward to. am estimating they will cost $475, others include Led and energy saving bulbs to cost $300, the others are ordinary wall switches and socket outlets to cost $325, and last but not least, a power drill for use in mounting most of these lamp fittings to cost$75. This adds to a total of $1175. this will enhance my business a lot, and this translates to an increase in profit by about 20%, and also the life of my family. also the life of the guy who assists me in the shop. Am looking forward to work with you people of good will and may God bless you abundantly. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,192.00

Date disbursed

Jun 16, 2016

Repayment status

Late

Projected term

9 months

Cost to entrepreneur

Service fee: $49.05

Lenders

C

Cblodgett

Zurich, Switzerland

C

Christian

Saarbruecken, Germany

mbunifu

San Jose, United States

AltruisticSelfishnes

Chicago, United States

ErikN

Stockholm, Sweden

Scott

Oregon, United States

R

Roman

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

B

briansedz

Canton, Ohio, United States

A

anonymous123

United States

SeeMeeFi

Ontario, Canada

A

Aleks

Oslo, Norway

Z

Zippo

Berlin, Germany

D

duckdork

De Forest, United States

ads68

Melbourne, Australia

jimmycarterforever

Missoula, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

EstanislaoCruz

Ewa Beach, United States

K

kingcamo1095

Mountain Home, United States

H

HobbyCollector

Beach City, United States

D

DavidJSmu

North Attleboro, MA, United States

JonB

London, United Kingdom

D

Dutch_lender

Leiderdorp, Netherlands

xtrahardware

Cazenovia, United States

C

Clben7

Cincinnati, United States

D

DCLending

United States

J

Jonas

Linköping, Sweden

N

nswanberg

United States

poorinvest

Sandefjord, Norway

B

bugdaniel

Switzerland

K

Kber9156

North Parramatta, Australia

S

sarah4d2

Saint Louis, United States

mepster

San Francisco, Ca, United States

L

luckiestmonkey

United States

B

bscent

Hong Kong

Taylor Hanna

United States

DennisM

Netherlands

Otto Barten

Amsterdam, Netherlands

C

cocolo

United States

adrianz

United States

P

pnrjulius

United States

OllieOladele

London, United Kingdom

Kyle Hoback

Jersey City, NJ, United States

A

andreab

United States

J

Jack123

United States

D

djlayton4

United States

MZ

Morley Zhi

United States

VS

Vajean Stan

Mangalia, Czech Republic

Paul

Auckland, New Zealand

MW

Matt Willis

United States

V

Vanessa

Gold Coast, Australia

W

Wade

United States

Elly

Woudrichem, United Kingdom

Kai

Nuremberg, Germany

C

cnr

United States

DB

Dianne Bayes

Huntersville, United States

jtreyes

United States

E

erica

antwerpen, Belgium

CN

Cyprien Noel

United States

Max Lettenberger

Madison, WI, United States

Kevin

San Francisco, United States

DB

Divya Bhat

United States

KD

Kent Don

United States

EB

Erica Brescia

United States

Sandi Kaucic

Stow, Ohio, United States

JR

John Ryabik

United States

R

Roger

United States

JD

Jeff DePree

United States

ME

Manaal Eisa

Washington DC, United States

BB

Ben Bellows

United States

B

Brent

United States

M

Mart

United Kingdom

P

patricio

Yorba Linda, Ca, United States

A

Andrei

United States

K

kris

Belgium

AB

Aren Blake

United States

WS

william smith

United States

Carlo Cruz

Cincinnati, OH, United States

Bill Glover

United States

JC

Justin cohan

United States

S

stevensau

United States

Mojoe

Atlanta, United States

KE

Karen Epolito

Syracuse, NY, United States

DJ

David Jones

United Kingdom

S

Stephanie

Zurich, Switzerland

B

Boris

Bern, Switzerland

SS

Steve Smith

Winchester, Ma, United States

C

Carlene

United States

JA

Jan Andresen

Hamburg, Germany

Larissa

Germany

Sinan Taifour

Munich, Germany, Germany

L

Linda

Germany

Alice van Berne

Amsterdam, Netherlands

Ryan Keller

Hong Kong, Hong Kong

E

Elizabeth

United States

J

Jon

United States

The Zinc Team

San Francisco, United States

Benjamin Kniaz

Boston, United States

Humble Bundle Community

San Francisco, United States

NM

Nitya Marepally

San Ramon, CA, United States

M

MC

Canada

Thomas Naimoli

United States

CS

Chris Salzman

United States

MB

Mimi Botkin

United States

A

Anonymous

United States

A

Anonymous

United States

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