Purchase more inventory for my shop

Joanes

Obambo-siaya, Kenya

100% repaid

Entrepreneur

Name

Joanes

Member since

April 2014

On-time repayments

128 installments  •  38%

About Me

i am a young married man with 2 children . i never made it to continue with school due to poverty in our family so i only went up to class 8 my talent was mostly i wanted to be an electric engineer but my dream died due to poverty . i went to avillage polytechnic which igot some knowledge on electric wiring i got basic only so i decided to start a business on electric goods since in my village nobody had that vision my dream is to grow and assist my young brothers who are behind me get better education . imet afriend from zidisha who encoraged me to join mr obare and i saw my dreams come true iwant to register for adult education and pasue my education through my business zidisha help me please

My Business

MY BUSINESS ; i started my business some 4 years ago after my parents lacked fees to pay fees for my secondary education i decided to go to a village polytechnic where i did my some short course on electric wiring i had a talent of electricals and so decided to do it so that i could begin reparing electric goods for people like i looked round i saw the demand was big . sand people in my village use to take and buy electric materials from kisumu and siaya town so i so it good to bring the services near hence high demand and few competition in the market . my business picked i repair radios tvs computers and i also sell electric spare parts for the same . my daily income is around 1300/=profit my monthly sells are 39000/= after geting the costs like transport rent tax licence i remain with a profit of 21000/= this is what i normaly use to buy food pay fees and other small house needs. my risks are sometimes i repair iteims and my customers delay to pay me this affects my business.

Loan Proposal

I will use the money the whole money to purchase total of 145 us dollars to purchase phone accessories mostly phone chargers ear phones the demand for them is very high currently my ,this will increase my sales by 80% since most youth love using ear phones besides selling only phones.my target is atleast increase my weekly sales which will help me pay my loan faster

Feedback

2

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$145.00

Date disbursed

Jan 27, 2015

Repayment status

On Time

Projected term

4 months

Lenders

T

Tmann

Los Angeles, United States

cyrus0302

San Francisco, United States

DeanDropshot

Oslo, Norway

Raoul72

Naarden, Netherlands

Zidisha

Sterling, United States

B

blahblah

Nuernberg, Germany

beverly

Vancouver, Canada

J

jjonas

berlin, Germany

rasmus

Bern, Switzerland

ads68

Melbourne, Australia

basicus

Cairo, Egypt

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

JonB

London, United Kingdom

Evan Lamos

Brussels, Belgium

B

BenHittle

Salem, United States

G

GanSatya

United States

Matching Fund

Sterling, United States

M

Medagan

San Franciso, United States

Ask Joanes a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Please log in to comment.

  • Joanes    Jun 6, 2016

    my business was badly affected when i got sick .i have not been able to pay the loan consistently because i used the money i had for the business hence i became affected because i could not operate my shop for some time however i will begin to pay now that i am recovering

    Log in to reply • Share
  • Joanes    Jan 28, 2016

    my bussiness is picking hence i want to start increasing my weekly instalment so that i can finish the loan and be able to apply for another one.thanks lenders for being patient with me my business has supported my family and my personal life now i have an income to assist me pay my bills and support my followers go to school

    Log in to reply • Share
  • Joanes    Dec 17, 2015

    Dear lenders I am sorry I have not repayed my loan.I have been sick and had to be admitted in hospital for sometime thus I was unable to go and work.I have now recovered and I'm now back to business. I will start paying my loan soon.Thank you for understanding me.

    Log in to reply • Share
  • Joanes    Sep 15, 2015

    for the next 2 weeks i would like do sme renovation on my shop pay revenue this will affect me slightly but i will inrease after that and apply for another loan

    Log in to reply • Share
  • Joanes    Sep 15, 2015

    thanks lenders for funding my second loan i bought new phones new model touchsreen nokia which helped my business to pick moble phones in my area is becoming abooming business .i have inreased my earnings by40%this has made me go into college to study bussiness management

    Log in to reply • Share
  • Joanes    Jun 20, 2015

    Most of my customers are working class people and they depend on their salaries to by the phones and most of their salaries comes on the second week of every month.Since this are my stake holders,I have to wait till the second week of every month to repay back the loan.This means I will be paying the loan in the second week of every month.

    Log in to reply • Share
  • Joanes    Jun 18, 2015

    Thank you for funding me $120.I used the money by more china phones which were on very high demand.This will make me get back my interest faster and hence I will pay the money back within one month.

    Log in to reply • Share
  • Joanes    Jun 16, 2015

    Thank you lenders for funding my third loan.I will stock my shop with more China phones that are on high demand.This will help my shop to have varieties of phones with different prices hence more customers.

    Log in to reply • Share
  • Joanes    Jun 5, 2015

    thanks lenders for funding my second loan i used the 100 dollars to to put inventory in my shop and i have realy improved in my business .i have alot of customers now since i have varieties of phones in my stock .my 3rd loan will be useful to me since i will stock china phones in my sock which are cheaper than dubai phones

    Log in to reply • Share
  • Joanes    May 29, 2015

    thanks lenders for funding my second loan i managed to increase my inventory and currently iam geting more customers than before. my profits have gone up and i have managed to send back my two brothers back to school .iam very greatful hope you will continue supporting me as i apply my 3rd loan

    Log in to reply • Share
  • Joanes    Jan 26, 2015

    thanks lenders for funding my first loan it helped me get more accessories hence more income my life has changed

    Log in to reply • Share
  • Stephen    Nov 3, 2014

    Lenders,
    I did talk with Joanes; He had some problems which he has solved and planning to clear the arrears soon
    Regards

    Log in to reply • Share
  • Joanes    Jul 15, 2014

    thanks lenders for believing in me and funding my loan

    Log in to reply • Share


Loading...

Loading...

Loading...