New cellphones and accessories for my shop
Martin
Kitale, Kenya
100% repaid
Entrepreneur
Name
Martin
Member since
February 2015
On-time repayments
73 installments • 53%
About Me
My is Martin Otieno I live in Kitale Trans-nzoia county. I was brought up in Kisumu, Nyanza region. I am the first born in a family of 2 siblings. My parents died in a road accident when I was only five years and so my brother and I were left as orphans. My uncle took care of us, so we moved from Kisumu to Kitale.
I managed to finish my primary and secondary education and I passed very well. I could not join college because my uncle had his own children who were still schooling. By Gods grace well wishers and neighbors did a fundraising and I went to college where I studied electrical and electronics studying part time, during the other time I worked as a cleaner in a supermarket in Kitale town where the little salary I got I used to pay fees for my younger brother, and save for my studies. In college I attained a diploma in electrical and electronics. After graduating from college I was promoted from a cleaner to a sales representative in electrical and electronic department. I later started my own business of electronics repair.
My hobbies are traveling, socializing, listening to music and reading.
My Business
My business is located along Kitale, Kapenguria highway next to Kapenguria bus station. It deals with electronics repair such as television, mobile phones, and radios. The business is ideal because this location is populated and there is no competition. Having necessary knowledge in this business am able to handle different kinds of customers. I get $300 every month, I use the profit to pay electricity bill, rent, re-invest and pay fees for my brother.
My dream and aim is to expand this business to different parts of the town.
Loan Proposal
I thank all my lenders for funding my previous loan which I used to stock new cell phones ,battery power banks,cellphone batteries and electronic parts in my shop.The loan has helped me alot because my customers gets what they want from my shop and that has increased my income by 40% in two months period.I reinvested 60% of my profit into my business while the remaining amount i used to pay my little brother's school fees and other basic needs .I wish to apply for another loan to add more new cell phones,battery power banks,cellphone batteries,electronic parts e.t.c so that my customers the quantities they always seek to buy from me.Below is the stock intend to buy and with their respective costs in dollars: cell phones -172$,Battery power banks -32$,cellphone battery -65$,Electronic parts -135$.The total costs will be 404$.In return it will increase my customers and profit base .I promise to abide by rules and regulations governing it when the loan is funded.Thank u.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$369.00
Date disbursed
Oct 20, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Hong Kong
United States
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