More stationery for my new small bookshop

Gibson

Malindi, Kenya

100% repaid

Entrepreneur

Name

Gibson

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

From the used mobile/smartphone business boosted by the loans i have been receiving from zidisha, i was able to raise capital to start another small business dealing with stationery eg books, pens, rubber, mathematical sets among others.
The amount from this loan, i will use it to buy more stationery since here in Kenya most students will be doing their national examinations hence will require some of this stationery in this season.
Am expecting a profit of about 30-40 percent of the amount.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$63.00

Date disbursed

Nov 5, 2017

Repayment status

On Time

Projected term

14 months

Lenders

iggwag

Kilifi, Kenya

PG

Paul Graham

United States

Humble Bundle Community

San Francisco, United States

JA

Joshua Axtell

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

MC

Martin Carmouze

Sterling, United States

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