Entrepreneur
Name
Ibrahim
Member since
February 2015
On-time repayments
41 installments • 54%
About Me
I was born and raised in Kenya, Nakuru county at Mwariki estate. I was admitted to Mwariki nursery school at the age of four and later joined Mwariki Primary school. I then joined Njoro Boys' High School for my secondary education for one year after which I was transferred to Nakuru Day Secondary School.
I have learned to live one day at a time. As much as there are difficulties in life, I always keep focused on what I want to achieve. I would say determination and hard work keep me on my feet.
I started my business in 2013 just after cming back to my home country from Afghanistan where I worked with DynCorp International for 2 years. I used the money I had saved to finance the business.
The most unique thing about my land is the diversity of cultures. Thereis always something to learn from each other. Besides the diverse cultures, Kenya is also a tourist destination due to its national parks and game reserves.
I love reading novels and one of my best authors is John Grisham. Best novel authored by John Grisham is 'The Street Lawyer'
My Business
I started my business in 2013. My business majors on mobile phone repair and sale of mobile phone accessories.
The goods and srvices are important because they save the customers the expense of buying a new mobile phone in case theirs breakdown.
I chose this business because besides having knowledge on the same, I also get to learn moresince different gadgets have different problems.The different problems also help in eliminating tedious sameness or monotony.
The profits earned from this business is used for various purposes. some of this purposes include replenishment of stock and home improvement.
Loan Proposal
My first loan shall be used to purchase a modern and more advance desktop computer. According to my survey, this computer will cost 150 US dollars. I will raise the deficit from my savings.
Once purchased, the computer will increase my profits since I will be able to flash and revive phone memories from within my business instead of doing this from other places. It will also save on time since I will not have to leave my business to seek the service.
I expect my profits to increase by at least 60% after the new and advanced computer is purchased. This will in turn make funds available for repayment of my loan and further expansion of my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Feb 23, 2015
Repayment status
On Time
Projected term
5 months
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