Refurbishment of the shop

Nicodemus Munyua

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Nicodemus Munyua

Member since

October 2014

On-time repayments

16 installments  •  13%

About Me

iam 30 years old professionally am I.T person i attended primary and secondary school and later join jkuat university where in studied information technology and later employed by airtel kenya as telecom engineer .i worked there for aperiod of two years, beside being employed there i was still running a business of selling phones in down town nairobi. during that period the business requires alot of my time and therefore i opted to resign and concentrate fully in my business, that still today.

My Business

my business is fully registed under registrar of companies in kenya as bigbon agencies
1.the core business is selling phones and it accesories which ranges from touch phones from all main manufactures
2. the main reason why this product phone is always on demand is because everybody have the cell phone and must communicate so this create ever the demand of cell phone
3The main reason why i ventured to this business is the demand of technology and new innovation that keep changing , this help me to have market for the product since young generation like experiencing new thing and the technology
3.my main cost in this business is rent, electricity bill and the licenses
the main revenue is from sales of phone and acessories
for now my profit am reinvesting back to business and hope one day it will one of outstanding business in town

Loan Proposal

my business being the phone shop i need to make it more attractive and for the reason i wish to paint the shop, buy new screen counter for phone display and put more lighting in the shop.
that will make my business look more attractive and different from other shops and am being optimistic it will improve the sale.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$49.92

Date disbursed

Nov 24, 2014

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Lender interest: $49.92 at 3.70% annual rate over 3 months = $0.60

Service fee: $0.60

Lenders

C

cjmenchaca

Austin, United States

Zal0m0n

Atlantis!!!! x), Mauritania

Paul Buchheit

Mountain View, United States

P

Prometheus

Duisburg, Germany

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

Loading...

Loading...

Loading...