Restocking

Areri

Kisii, Kenya

Funds disbursed

$0 to go

100% funded of $55 goal

0

days left

Entrepreneur

Name

Areri

Member since

May 2017

On-time repayments

17 installments  •  29%

About Me

I am Areri Abel Machuka, a resident in Kisii Kenya. I am 24 years of age and a business man. I am a graduate but currently am self employed. I my shop is located in Mosocho and I would like to make it abig shop as possible so that I can atleast create a job opportunity for many guys who are out there with no jobs. I have a dream of expanding the shop and opening as many branches as possible.

My Business

I have an electronic shop situated in Mosocho, Kisii Kenya. I am a sole proprietor and owner. I run the shop six days a week with no employees. I started the shop two years ago after failing in a business that I had started, advertizing. The shop is not that big but it is the only electronic shop in the area and it serves clients withing a diametor of about 2 miles. I do not have enough stock but atleast the few that is available serves my customers right. I thank Zidisha for they have supported me around four times during my hard times.
I would like to expand my shop and make it a big business that can sell in retail and wholesell. My clients are satisfied with my services and they really enjoy the low prices I offer on items.

Loan Proposal

I am planning to restock my shop and have new stock that my clients have been asking for long. I intend to buy some amplifiers, worth $6 each. I am supposed to sell them at $9 and make a profit of $3.
I am to buy more audio jackpins for my clients because they are on a high demand and buy some new appliances.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$55.00

Date disbursed

Feb 23, 2019

Repayment status

Late

Projected term

6 weeks

Lenders

Paul Buchheit

Mountain View, United States

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  • Areri    Feb 20, 2019

    I am going to buy some amplifiers for the demand has been high, I know this is going to boost my shop and business alot.
    Thank you alot and be blessed.

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  • Areri    Feb 19, 2019

    The loan has been boosting me alot, I thank my Lenders from Zidisha for their financial support

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  • Areri    Dec 1, 2018

    I bought the audio jack pins and sold them at a profit which allowed me to service my loan in time.

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  • Areri    Nov 3, 2018

    I had borrowed the loan for my previous business which was The Client Magazine but unfortunately it didn't work out as I had hoped it would. I have started a new business and am hoping it will be productive.

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  • Margaret    Oct 9, 2017

    This borrower asking to be given some time, he did not give exact date but just promised soon

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  • Areri    Jun 2, 2017

    I am going to spend the amount on transportation and communication bills, this is to help me meet my clients and arrange meetings at ease.

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  • Areri    May 10, 2017

    Spent my first loan on distributing my work samples to my clients and am hoping to get more clients, thank you.

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  • Areri    May 6, 2017

    Thank you sir, I promise not to disappoint, I will try as much as I can to ensure my magazine goes to another level.
    I hope I will be able to borrow higher loans next time.

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