Purchase of more iphones

John

Bungoma, Kenya

100% repaid

Entrepreneur

Name

John

Member since

December 2016

On-time repayments

52 installments  •  71%

About Me

I am a volunteer Church minister in Kenya with GCFC ( Grace Community Fellowship Church)and a part-time bible school teacher at KMTI (www.kmti.org). I am a father of 6, Two girls who both have just started making an income one running her own Business and the other a legal office at a local company. 2 boys in High school and 2 boys in primary school. I hold a Degree in Bible and Theology. In 1997 I was going through a rough time in my life this cause me to stop teaching at the Bible school and also doing any church ministry. at this point, I trained myself in computer maintenance through some books and CDs a friend from the USA gave me. This set the path for me to start a computer repair shop that eventually became a full-fledged IT Store. However, in 2013 I found my self in bad debts because of my lack of proper planning and this cost me my business. Part of the problem was no one was willing to refinance me to start over. Since then I to date my clients bring their work to my house where I do the work at night and deliver the finished product the next day.

My Business

I currently undertake, repair and maintenance of smartphones i.e replacing broken screens, or parts or fixing software issues, I also fix and maintain laptops. and I also install CCTV . among those clients I previously had when I run an IT shop. Currently, everyone has a smartphone or even a laptop and this break daily and many can't afford new ones they prefer to repair. The challenge is financing that can allow me to reopen my business especially now having learnt from my past mistakes. I have since Joining Zidisha added the sale of refurbished ex -UK/USA Iphones. which has proved really profitable.

My profit is mainly used for the family to take care of my bills and pay school fees for my kids 2 in high school and 2 in primary school. sometimes I also buy common parts clients need.

Loan Proposal

With Zidisha's help, I have sold about 6 iPhones because I have created awareness of the advantages of iPhones, such as the phones security feature and durability and many of my customers have developed an interest in them. I plan to add to my current profit I made from the last sales and buy 3 iPhones @25,000/ each. After the customers who ordered for these 3 phones pay for them, I will purchase five more. for my stock. I usually advertise using whats app status and word of mouth from my friends and customers.
My profit will increase this month by Ksh. 5,000/- on the lower side and Ksh. 20,000/-. My ultimate goal is to have a shop in town that stocks the same. that way sales are faster.

My Videos

Apr 15, 2021: Loan to complete our family house

Feedback

3

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  • Frosty    Jan 23, 2020

    My 3rd loan with John. Happy to support again.

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  • Margaret    Jun 21, 2019

    The loan was paid back in a timely manner.

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  • Frosty    May 18, 2019

    I hope you were able to accomplish what you set out to do with this loan. Thank you for your timely repayment on the prior loan. Best of luck in the future.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$318.00

Date disbursed

Jun 19, 2019

Repayment status

On Time

Projected term

4 weeks

Lenders

P

PeterP

United Kingdom

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$318.11

Amount remaining

$0.00

Date repaid

Sep 5, 2019

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jun 29, 2019 $79.53 Jun 29, 2019 $79.53
Jul 6, 2019 $79.53 Jun 29, 2019 $0.29
Jul 11, 2019 $79.25
Jul 13, 2019 $79.53 Jul 11, 2019 $7.47
Aug 20, 2019 $19.71
Aug 20, 2019 $34.49
Aug 27, 2019 $17.87
Jul 20, 2019 $79.50 Aug 27, 2019 $31.41
Sep 5, 2019 $48.10

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