Name
Samuel
Member since
April 2014
On-time repayments
103 installments • 70%
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 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.
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.
Positive
7
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$1,192.00
Date disbursed
Jun 16, 2016
Repayment status
Late
Projected term
9 months
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