Purchasing stock of smartphones

Simon

Thika, Kenya

27% repaid

Entrepreneur

Name

Simon

Member since

August 2015

On-time repayments

89 installments  •  80%

About Me

Hallo,i'm Simon kuria from Kenya iam 27 yrs,iam not married,I stay in Thika town starehe estate.I'm raised from a very humble family where i'v 5 siblings and iam the last born in our family.I started casual labour works at rural home after my secondary school where by i was paid ten dollars per month and with my little savings I managed to safe some money and payed a course at my friends workshop of mobile phone repair and after hardwork he employed me.After working for three years I managed to open my own shop in Thika town where by I started phone repairs,and accessories which I have planned to expand if I can get money from any source.

My Business

in my business,i offer mobile phone services and repair,I choose this service to people because in my town most people are less fortunate and when their phone developed a problem not all manage to buy new ones so most prefer to repair the one they have according to their finance capability.
I also sell mobile phone accessories where i buy my stock at wholesale price in capital city Direct from wholesalers at cheap price which enables me to sell them at a reasonable price which makes my customers love my work because of my good price I offer.
The reason why I choosed this kind of job is the town is highly populated and almost everyone owns a mobile phone and according to my experience and skills.
After my monthly transaction balance,i take some of my profit to buy foodstuffs for my parents,and sometimes I visit orphan children's home which are very many in this town.
I will appreciate zidisha loan since it will improve my business in terms of stock and hence help me meet the rising demand of my customers.

Loan Proposal

Dear lenders,thank you for continue support,care and generosity.I am greatful and thankful.
My business has grown and its doing very well due to increased stock which you have enhanced me through your kindness,My profit has grown up to 48% which is very good and acceptable regarding to my country economy.My shop has stock for low and medium income earners where by I have managed to get many customers and added more stock including few smart phones because what I have learned with the few smart phones I have added at my business I have seen if I can manage to add few most moving and marketable smart phones I can increase my profit since most people are now moving with technology.
Below is my proposal for few moving smart phones which I intend to buy if u can lend me again and I'm requesting you to fund me and help me to achieve my dreams.
1 PC Tecno mobile y2 @ 40$
1pc Samsung mobile J1mini @ 70$
1pc HTC mobile desire p @ 75$
1pc itel mobile 1508 @ 55$
1pc Lumia mobile 532 @70$
1pc huawei mobile y360@ 45$
1pc Infinnix mobile 554@ 70$.
The remaining 23$,will cater for transport and delivery.
With the above stock at my business,my profit will rise up to 56%,and I will manage to employ one information and technology employee who will be attending to customers who are purchasing smart phones.
Dear lenders and zidisha team,please fund my proposed project and I promise to be faithful and truthful in repaying money back.Thankyou and God bless you.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$452.00

Date disbursed

Sep 11, 2016

Repayment status

Late

Projected term

86 months

Lenders

N

nonnenore

Cashiers, NC, United States

BrassHat

Boston, United States

AltruisticSelfishnes

Chicago, United States

S

SeeBiscuit

Reston, United States

COOPITALIST

Toronto, Canada

S

Simmo

Sydney, Australia

S

stroll

Stockholm, Sweden

Scott

Oregon, United States

sarasofia

Stockholm, Sweden

johnandmoliehi

Canton, New York, United States

Zidisha

Sterling, United States

MienDeGraeve

Ouagadougou, Burkina Faso

Catherine68

Boyle, Ireland

Tavin

Ottawa, Canada

A

anonymous123

United States

J

JandC

Watsonville, United States

Cloudways

Malta, Malta

J

JoeSolar

Virginia, United States

mtnsailor

Harrisonburg, United States

hannele

Kovero, Finland

C

Charlotte

Charlotte, United States

S

spesalvi

Houston, United States

G

GrandmaMae

Wausau, United States

nakamura

United States

rhagen

New York, United States

Bobrm2k3

Charleston, United States

W

willemsenphilippe

Edegem, Belgium

Z

zedoud

Hamburg, Germany

A

Andrii

Kiev, Ukraine

G

greendave

Manchester, United Kingdom

H

HobbyCollector

Beach City, United States

D

DavidJSmu

North Attleboro, MA, United States

Hank

Göteborg, Sweden

stever

Cape Coral, United States

B

BMcDermott

Washington, DC, United States

Jamesaubrey

Norman, United States

M

Mystery15

Winnipeg, Canada

A

axienjii

Amsterdam, United Kingdom

Matching Fund

Sterling, United States

C

chrishol

United States

N

nycjen

United States

P

PietjeP

Eindhoven, Netherlands

M

misaheat

United States

D

Donh419

United States

I

ianmc

United States

Bivouac

Hillsboro, United States

G

gerard

Netherlands

F

FSO

Canada

Landerson

Edinburgh, United Kingdom

B

bugdaniel

Switzerland

R

retzroff

United States

K

Kber9156

North Parramatta, Australia

Buzzel

Frankfurt, Germany

T

Tim47

United States

M

Medagan

San Franciso, United States

K

kennychit

United States

Otto Barten

Amsterdam, Netherlands

B

Bennphoto

United Kingdom

N

Nicolaas

Doha, Qatar

D

ddm08

United States

adrianz

United States

NathanMoore

United States

M

MicroLender53

United States

P

pnrjulius

United States

J

jowde

Germany

reluck

Marseille, France, France

Kyle Hoback

Omaha, United States

R

ross22

United States

A

andreab

United States

J

jamdal

Australia

D

djlayton4

United States

HL

Holly Laird

Austin, United States

KM

KHS Microfinance

Tampa, United States

SK

Sebastian Krohn

Amsterdam, Netherlands

Nigel Titley

Milton Keynes, United Kingdom

B

Berrin

Stuttgart, Germany

Frank Termathe

Frankfurt Main, Germany

M

Marcus86257

United States

A

AER

Germany

FATman

Frankfurt, Germany

M

monty

Australia

Elias

Ulm, Germany

K

kelsey

United States

DC

Dennis Comeau

United States

H

Hazel

United Kingdom

Elly

Woudrichem, United Kingdom

H

Hank

New Zealand

PP

Pasi Paajanen

Helsinki, Finland

Kristina Speed

Seattle, WA, United States

The Bayiates Family

Chicago, IL, United States

B

Beth

United States

V

Vantine

United States

E

erica

antwerpen, Belgium

CN

Cyprien Noel

United States

Matthias

Seattle, United States

JS

Johan Steen

Malmö, Sweden

T

Till

A small town in southwest of Germany., Germany

Julia

United States

HS

Harry Shulman

United States

C

cota

United States

George

Corvallis, Oregon, United States

Marcus M

San Antonio, Texas, United States

TH

tom hd

United Kingdom

Carla

Amsterdam, Netherlands

Framework Eyewear

Utrecht, Netherlands

OS

Omar Silas

United States

B

Brent

United States

DC

Dan Crosby

United States

P

Paul

Netherlands

Jeff Martin

Twin Lake, Michigan, United States

F

Frits

Rotterdam, Netherlands

D

Daniel

United States

PG

Paul Graham

United States

Mattie Shaw

Seattle, United States

P

patricio

Yorba Linda, Ca, United States

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

TJ

Tovah Jordan

United States

Aran Dunlop

United States

RobLu

Michigan, United States

D

David

United States

KJ

Kevin Jones

United States

MG

Mike G

United States

WM

William Madden

Berlin, Germany

Paul Smithson

Leeds, United Kingdom

M

Mark

United States

CR

Christine Randall

Brisbane, Australia

S

Sean

Phoenix AZ, United States

T

Tucker

United States

AG

abel ghita

Bucharest, Romania, Italy

B

Bramlage

United States

K

kris

Belgium

MT

Marco Tietz

United States

SH

Steven Huntington

London, United Kingdom

Der Dooley

Dublin, Ireland

Dan Michael

Oslo, Norway

Thomas

Sweden, Sweden

DB

Daniel Bezerra

JABOTICABAL - SP - BRAZIL, Chile

AL

Aley Lira

Rio de Janeiro, Brazil

Ondrej Gutten

Prague, Czech Republic

Y

YTSJ

London, United Kingdom

Tam Thao Nathan

United States

D

Dermo

Dublin, Ireland

Ian Murray

Brisbane, Australia

TW

Tyler Wood

United States

Philip Schueler

Newbridge, Ireland, Ireland

metab

Estados Unidos, Hong Kong

Mr Chris Turner

Cambridge forever England, United Kingdom

KE

Karen Epolito

Syracuse, NY, United States

T

tonym

Australia

DJ

David Jones

United Kingdom

PD

Provincial Desk Jock

Aberdeen, Scotland, United Kingdom

D

danilg05

United Kingdom

H

Huub

Switzerland

I

isaac

United Kingdom

FA

Felipe Ardila

United States

Craig Newmark

United States

Humble Bundle Community

San Francisco, United States

V

VJ

Canberra, Australia

A

Anonymous

United States

A

Anonymous

United States

A

Anonymous

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Ask Simon 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.

  • Tobias    Oct 18, 2017

    I called Simon and confirmed that it will take him some time to start repaying the amount.

    Log in to reply • Share
  • Tobias    Sep 7, 2017

    Called Simon and he is made a commitment to start paying as from next month. I have advised him to reschedule the loan which he is agreed to. Thanks

    Log in to reply • Share
  • Simon    Aug 3, 2017

    I closed my business due to fear of post election violence and at my business location we were minority tribe hence we were threatened

    Log in to reply • Share
  • Simon    Mar 22, 2017

    hallo zidisha thankyou for continuing support I may like to reduce my repayment installation because business has gone down.although its in whole country iam hoping within short time things will turn around and I'll return my normal repayment amount.Thankyou

    Log in to reply • Share
  • Simon    Sep 12, 2016

    Dear lenders thankyou for accepting my request and funding my project I have received the money i applied for and with that I will buy mobile phones and stock my shop.God bless you as you help others I wish all my lenders and whole zidishavteam well.God bless you

    Log in to reply • Share
  • Simon    Sep 10, 2016

    Dear lenders,thankyou for funding my project iam greatful for your generosity and kind heart.With the amount of money I will be able to add mobile phone stock in my shop and that will raise My profit up to 58%.hence I will be able to visit more children's home,cater for my needs and also create employment opportunity.Thankyou so much for your kind heart may God bless you for your inspiration and generousity .I promise to cooperate and to be faithful in repayment all through.Thankyou

    Log in to reply • Share
  • Brian    Sep 9, 2016

    Thanks for the break down of the costs! Would you be able to project the sales price?

    Log in to reply • Share
  • Simon    Sep 6, 2016

    Dear lenders,thankyou for your support I'm thankful for your kind heart and trust u have shown towards me.I have completed repaying my second loan and I'm looking forward for you to fund my third loan.Thankyou

    Log in to reply • Share
  • Simon    Sep 3, 2016

    Dear lenders,thankyou for your continue support,and your kindness.I recently visited a special home for kids with autisim,hydrocephalous and cerebral palsy disorders where by together with few friends we donated food stuffs,sanitory materials and also hired a physiotherapist to help in their physiotherapy classes.thankyou for helping us since I used some of my profit I make through your support to reach to those kids with special needs thankyou once more.

    Log in to reply • Share
  • Simon    Jul 30, 2016

    Dear lenders thankyou for your continuing support,with the little profit I make through the money you lended me,i with several friends including Michael kangethe kariuki we visited familia moja children's home and we donated some food stuffs and sanitary materials.thankyou for your continue support.

    Log in to reply • Share
  • Simon    May 28, 2016

    business is raising

    Log in to reply • Share
  • Simon    Apr 26, 2016

    low customer turnover

    Log in to reply • Share
  • Simon    Jan 27, 2016

    Dear lenders, i am planning to buy cheap mobile phones to cater demand for low income customers in my town. this will help me in to expand my business,creat employment for one person since i am expecting big number of customers and my profit margin will raise. Thankyou so much iam greatful for your kindness

    Log in to reply • Share
  • Michael    Jan 20, 2016

    Congratulations for repaying your loan fully,seems your business is doing fine.

    Log in to reply • Share
  • Simon    Jan 19, 2016

    My business growth has increased tremendously in stock and even customers,this is because many customers prefer my shop over others because i offer more varieties of what they need and as a result,my profit margin have increased up to 35% hence that makes me have more savings and repay my loan promptly.I would like to thank the whole zidisha team for making it possible for my success.My dear lenders i am appealing to you to please fund my second facility which i am intending to stock affordable mobile phones which are in high demand.Thank you and God bless you

    Log in to reply • Share
  • Simon    Nov 30, 2015

    With the money from Zidisha i was able to stock my shop with accessories,and now my customers has seen changes coz they get more variety hence increasing my profit margin.

    Log in to reply • Share
  • Charles    Nov 25, 2015

    Hi simon,your business is growing tremedously.Well done

    Log in to reply • Share
  • Bedan    Oct 10, 2015

    Greetings simon,wish u well for the great business idea.

    Log in to reply • Share
  • Christopher    Oct 10, 2015

    Wow great ideal and nice job,i like that

    Log in to reply • Share
    • Simon    Oct 10, 2015

      thankyou Christopher I thank zidisha team and my lenders for making me come this far

      Log in to reply • Share
  • Simon    Sep 28, 2015

    Dear lenders,I received the whole amount that i requested on time.Now I will purchase the stock.Thankyou forvyour generosity May God bless you.

    Log in to reply • Share


Loading...

Loading...

Loading...