Setting up a small mobile-phone accessories business

David Musyimi

Nairobi, Kenya

66% repaid

Entrepreneur

Name

David Musyimi

Location

Nairobi, Kenya

On-time repayments

254 weekly installments  •  99%

About Me

I was born in a rural town in Kenya called Machakos. I spent most of my early childhood observing my grandparents as they did farming, though at that time most it was mostly subsistence farming. It's from this that I grew to love farming. Even after moving to the city, I still had that passion. That is why I took on farming as a hobby and eventually I have turned it into a money making venture.

I'm an information system administrator in the hospitality industry. In this role,
I'm tasked with assisting the IT manager in the provision of IT services for the hotel and the deployment of IT department requirements. I'm a qualified Computer technician and hold a diploma in computing from NCC education level 4 (QCF).

My Business

At the moment, I'm doing horticulture farming i.e., tomatoes and corianders as well as maize farming. Basically, I farm anything which is in the season and which has the prospect of giving me a good return. Initially, I was doing this as a hobby but after seeing that it gives good returns, I turned it into a business. Currently, I have employed several people who are managing my rented farms as I don't do it full time.
Most of the profits I get from the business I have invested back into it by expanding the size of the farm I rent and buying machinery I need. At the moment I'm saving money so that I can buy my own land.

Loan Proposal

My little brother just finished school and I will like to open a small shop for him that does sell mobile phones accessories. This is because everyone has a mobile phone and they will need some accessories to replace broken parts. He will also do repair because he has knowledge for it and he has been trained.

Show original English  

About Me

I was born in rural town in Kenya called Machakos and spent most of my early childhood observing my grandparents as they do farming though at that time most it was mostly subsistence farming. Its from this I grew to love farming and even after moving to the city I still had that passion. That is why I took farming as hobby and eventually I have turn into in to a money making venture.
I'm an Information system administrator in hospitality industry. In this role,
I'm tasked with assisting the IT manager in the provision of IT services for the hotel and the deployment of IT department requirements.
I'm a qualified Computer technician with and holds a diploma in Computing from NCC education level 4 (QCF).

My Business

At the moment I'm doing horticulture farming I.e Tomatoes and corianders as well as Maize farming. Basically I farming anything which is in the season and which has prospect of give me a good return.
Initially I was doing this as hobby but after see that it gives good returns I turn it into a business. currently have employed severals people who are managing my rented farms as I don't do it full time.
Most of the profits I get from the business I have invested back into it by expanding the size of the farm I rent and buying machinery need. At the moment I'm saving money so that I can buy my own land.

Loan Proposal

My little brother just finished school and I will like to open a small shop for him that does sell mobile phones accessories. This is because everyone has a mobile phone and they will need some accessories to replace broken parts. He will also do repair because he has knowledge for it and he has been trained.

Feedback

3

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,246.56

Date disbursed

Feb 27, 2020

Repayment status

On Time

Projected term

21 months

Cost to entrepreneur

Service fee: 5% of $1,246.56 = $56.04

Credit risk payment: $168.12

Lenders

Brian

Midhurst, Canada

Andre

Hamburg, Germany

KYLE LARSON

Little Falls, United States

Ginoir

Worcester, United Kingdom

Rdcmole

Cincinnati, United States

MarktheMormon

Sandy, Utah, United States

Scott

Oregon, United States

ytrio

Madrid, Spain

P

pmyadlowsky

Charlottesville, United States

A

AlexCheng

Seattle, United States

L

lujabe

Melbourne, Australia

G

graememoss

Amsterdam, Netherlands

M

McCoys

London, United Kingdom

Mannysgirl

Surrey, Canada

Kev19083

Bryn Mawr, United States

G

GrandmaMae

Wausau, United States

K

KennaMumford

Salt Lake City, United States

MichaelOsburg

Hochheim, Germany

C

Colibri

Nanaimo, Canada

K

kingcamo1095

Mountain Home, United States

thomas2666

Brisbane, Australia

B

BMcDermott

Washington, DC, United States

MrMichigander

Marquette, United States

N

nycjen

United States

R

rossgarlick

United States

N

nswanberg

United States

B

bugdaniel

Switzerland

T

tmarkus

Netherlands

B

bscent

Hong Kong

M

Manley

Windermere, United States

K

Keith

Luxembourg

Otto Barten

Amsterdam, Netherlands

Dave

Ede, Netherlands

C

Crainster

Chapel Hill, United States

G

GEMMGMT

United States

KieranB

Ireland

JL

Joao Leal

United Kingdom

Joerg

Velen, Germany

Franmiguel

Perth, Australia

W

Wade

United States

Kai

Nuremberg, Germany

MB

michael breen

United Kingdom

C

Chitti421

United States

Craig

Memphis, TN, United States

JC

JD Conley

United States

D

Daniel

United States

Mattie Shaw

Seattle, United States

MO

Matt Orfalea

United States

N

Nick

Greater London, United Kingdom

Mark Grey

Redding, CT, United States

AH

ajay hampapur

United States

N

Nick

United States

E

eriklonnroth

United Kingdom

A

Allie

Australia

TJ

Tovah Jordan

United States

Aran Dunlop

United States

Akirahugo

Dortmund, Germany

LH

Lisa Heinze

Milwaukee, Wisconsin, United States

DL

Dan Lawrence

United States

Douglas St Quintin

Sydney, Australia

J

Joel

United States

Rosario von Li

San Jose, Ca, United States

A

Adam

United Kingdom

AK

Achim Königs

Bonn, Germany

Eugen Stamm

Zurich, Switzerland

Christopher Hey

Sudbury, Canada

Taylor

Memphis, United States

Cliff

United States

MP

Minah Park

Republic of Korea

AG

abel ghita

Bucharest, Romania, Italy

SH

Steven Huntington

London, United Kingdom

Rory McLaughlin

Dallas, United States

Thomas

Sweden, Sweden

Gabriel Fenili

Santo André, Brazil

LD

Luã de Souza

Sydney, Brazil

L

LK

United States

T

Tom

United States

Philip Schueler

Newbridge, Ireland, Ireland

JC

Justin cohan

United States

EthicalHost

Toronto, Canada

KE

Karen Epolito

Syracuse, NY, United States

GG

Gituru Gitumbi

Seattle, United States

PR

Priscilla Rathbone

Seattle, Washington, United States

YV

Yuri Vanin

United States

DJ

David Jones

United Kingdom

V

Vidar

Oslo, Norway

Joelle Steiver

Brumunddal, Norway

LT

Leslie Tymko

United Kingdom

S

Stephanie

Zurich, Switzerland

Remo

Lucerne, Switzerland

P

Phips

Switzerland

D

derek

United States

NE

Nikka Eliza Morales

Talisay City, Cebu, Philippines

Iris

Ireland

I

isaac

United Kingdom

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