Purchase of inventory and parts for electronics business

Johnik Kamau

Mazeras, Kenya

100% repaid

Entrepreneur

Name

Johnik Kamau

Member since

May 2014

On-time repayments

145 installments  •  56%

About Me

I am 32 years old and I am a Kenyan citizen. I am the third born in a family of seven. My home village is Kigumo in Murang'a County but I have been living in Mazeras Kilifi County in Coast Province for eight years now.

My education ended in secondary school, when I received the secondary certificate but could not proceed due to financial instability. After secondary school, I spent four years in Mazeras working at an EPZ as an MP mechanist. With my earnings, I quit employment and started my own electronics business. My main goal was to build a self-owned business to help support my family and earn a better living. Through the profits that I have earned, I have been able to improve my business and also support my little brother in his education by paying part of his school fees.

My Business

My source of income is from my own electronic business.

I repair radios, television, and DVDs that have failed working. I also sell electrical appliances like the extensions bulbs and tubes, sockets etc. My business is profitable because there is a high demand of electrical appliances.

However, there are also risks in my business. At times, some of my goods fail to operate as they should so I have to repair them first and sell them as second-hand goods because I have already broken the seal. Also, some of my items may be outdated. For instance, we are now moving from analogue to digital so I count the analogue items as dead stock.

Loan Proposal

if I get this loan I will add my spares stock stock like dvd lens,power supplies,television power modules,transistors.capacitors,subwoofers transformers.this will help me to save time an money and also I will be able to serve large quantity of my customers without rushing here and there.

Show original English  

About Me

I am a Kenyan citizen aged 32 years, I am the third born from a family of seven,my home village is Kigumo in Murang'a County but for now i am on my eighth year at Mazeras Kilifi County in coast Province.My education ended in secondary school i did the secondary certificate but could not proceed due to financial instability. I spent my first four years in Mazeras working at an EPZ as an MP mechanist.From my earnings i had to quite from being employed and i started my electronics business.My main reason was to create self owned business to help support my family and earn a better living.Through the profits that i earn i have been able to improve my business and also support my little brother in his education by paying part of his school fees.

My Business

My source of income is from my own electronic business.I do repair radios, Television, DVDs that have failed working i also sell electrical appliances like the extensions bulbs and tubes, sockets e.t.c.My business is profitable because there is a high demand of electrical appliances.the risks that i incur from my business is that some of my goods my fail to operate acoodingly so i have to repair them first and sell them as second hand because i will have already broken the seal.Also some of them may be out sale like for instant we are now moving from analogue to digital so i count them as dead stock.

Loan Proposal

if I get this loan I will add my spares stock stock like dvd lens,power supplies,television power modules,transistors.capacitors,subwoofers transformers.this will help me to save time an money and also I will be able to serve large quantity of my customers without rushing here and there.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$177.00

Date disbursed

Dec 26, 2014

Repayment status

On Time

Projected term

5 months

Lenders

YB Song

Seoul, Republic of Korea

Zidisha

Sterling, United States

H

HildeK

Rogaland, Norway

S

Sammlung

Glendale, United States

fairspirit

Utrecht, Netherlands

Zal0m0n

Atlantis!!!! x), Mauritania

O

ormung13

Christchurch, New Zealand

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

H

Heroofcanton

United States

J

jdallatezza

United States

Pankratio

EastVan, Canada

Brooklyn

Brooklyn, United States

Mikers

Netherlands

LouisB

ZIDISHA, Mozambique

J

JessicaAna

Maputo, United States

AP

Andrew Page

United Kingdom

KM

Kirsty M

United Kingdom

C

CSM

Berlin, Germany

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Summary

Amount repaid

$190.26

Amount remaining

$0.00

Date repaid

May 14, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jan 4, 2015 $30.04 Jan 5, 2015 $28.09
Feb 10, 2015 $1.96
Jan 11, 2015 $20.52 Feb 10, 2015 $20.52
Jan 18, 2015 $0.00
Jan 25, 2015 $0.00
Feb 1, 2015 $0.00
Feb 8, 2015 $0.00
Feb 15, 2015 $5.62 Feb 15, 2015 $5.62
Feb 22, 2015 $5.62 Feb 22, 2015 $5.62
Mar 1, 2015 $5.62 Feb 28, 2015 $5.62
Mar 8, 2015 $5.62 Mar 15, 2015 $5.62
Mar 15, 2015 $5.62 Mar 27, 2015 $5.06
Mar 29, 2015 $0.56
Mar 22, 2015 $5.62 Mar 29, 2015 $5.62
Mar 29, 2015 $5.62 Mar 29, 2015 $5.06
Apr 1, 2015 $0.56
Apr 5, 2015 $5.62 Apr 1, 2015 $5.62
Apr 12, 2015 $5.62 Apr 15, 2015 $5.62
Apr 19, 2015 $5.62 Apr 20, 2015 $5.62
Apr 26, 2015 $11.24 Apr 25, 2015 $10.11
Apr 26, 2015 $1.12
May 3, 2015 $11.24 Apr 26, 2015 $10.11
Apr 28, 2015 $1.12
May 10, 2015 $11.24 Apr 28, 2015 $1.12
May 4, 2015 $10.11
May 17, 2015 $1.12 May 4, 2015 $1.12
May 24, 2015 $5.62 May 8, 2015 $5.62
May 31, 2015 $4.49 May 11, 2015 $2.25
May 13, 2015 $2.25
Jun 7, 2015 $38.57 May 14, 2015 $38.57

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