Expand my inventory of electronics and spare parts
Albert
Githurai Mwiki, Kenya
47% repaid
Entrepreneur
Name
Albert
Member since
April 2013
On-time repayments
235 installments • 40%
About Me
I have completed my secondary education then acquired vocational training in electronics. I am married and blessed with one child who is 7 years old.
I reside in Githurai Mwiki and have also established electronic business in the community. My wife operates a tailoring business where is makes women & children clothes.
Revenue from my business and the tailoring business for my wife is used for upkeep, saving to expand the businesses and savings for the children education.
I am actively involved in community development thus serving in the local development committee.
My Business
My electronic business is based in Githurai Mwiki. It involves selling of spare parts of television sets, decoders, Dvds and mobile phones and also offering repair services.
The demand for my goods and services is high because of the technology era whereby at least every household has a mobile phone hence I am the only provider of the services in the community.
Customers prefer my business because of good repair skills & experience and good customer services. My business is at risk because it can't sustain the needs of customers who require mobile phone spare parts thus reducing my sales but with financial boost, I will be in position to purchase the mobile phone spare parts hence meeting customer demands.
The average monthly sales is Kshs 74000 and the average monthly expenses is Kshs 52000 hence the average profit is Kshs 22000.
Loan Proposal
if i get the loan am planning to expand my business through buying more stock like television sets which will cost 200 dollars, dvds at acost of 100dollars spare parts at acost of 100 dollars and 10 dollars as operating expense.
Feedback
Positive
2
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$588.00
Date disbursed
May 8, 2016
Repayment status
Late
Projected term
37 months
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