Starcity electronics and kinyozi

Maxwell

Thika, Kenya

100% repaid

Entrepreneur

Name

Maxwell

Member since

January 2017

On-time repayments

62 installments  •  39%

About Me

Hello dear reader, my full name is maxwell Kamau macharia aged 30 , was born in Thika kiandutu Kenya , a low income slum setting at the outskirts of Thika town. Went to a public primary school called kamenu primary school where I qualified to join a secondary school in the year 2001, ( Giachuki secondary school) . completed in the year 2005. Got a pass of C+ , lacked finances to join a college therefore engaged in small businesses up to now where I operate an electrical shop and barber shop.

My Business

I established a small barber shop in the year 2015 in Runda , a small growing town with a capital of kshs 20,000 which I had saved over time.
Budget : Wahl barber machine - 7000/=
Chair - 5000
Mirror-1000
Rent - 5000
Accesories- 2000
With the initial amount I have been able to plough back profits in the business and in the year 2016 , was able to purchase a computer and a printer to offer computer services to the locality. It cost me 25,000/= ( 250 dollars) .
Due to growing demand by customers I wished to expand my business and in one corner of the room establish an electronic shop selling simple electronic appliances like bulbs, sockets, wires, etcetera which will cost a budget of kshs 90,000 ( 900 dollars) .
The business has a potential to earn up to 30,000 kshs a month therefore will be able to repay the loan in few months time.
My biggest challenge is to raise the kshs 90,000/= I will be more than glad to get assistance. Thank you

Loan Proposal

Will first invest with the amount to buy small electronic appliances of kshs 1500 before I proceed to high limits .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Feb 2, 2017

Repayment status

On Time

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

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Summary

Amount repaid

$4.89

Amount remaining

$0.00

Date repaid

Mar 25, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Feb 11, 2017 $0.57 Feb 12, 2017 $0.57
Feb 18, 2017 $0.57 Feb 12, 2017 $0.12
Feb 21, 2017 $0.45
Feb 25, 2017 $0.57 Feb 21, 2017 $0.53
Mar 6, 2017 $0.04
Mar 4, 2017 $0.57 Mar 6, 2017 $0.57
Mar 11, 2017 $0.57 Mar 6, 2017 $0.37
Mar 25, 2017 $0.20
Mar 18, 2017 $0.57 Mar 25, 2017 $0.57
Mar 25, 2017 $0.57 Mar 25, 2017 $0.57
Apr 1, 2017 $0.57 Mar 25, 2017 $0.57
Apr 8, 2017 $0.32 Mar 25, 2017 $0.32

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