Stock for my newly opened shop

Maurice Ochieng

Embakasi, Nairobi, Kenya

100% repaid

Entrepreneur

Name

Maurice Ochieng

Location

On-time repayments

145 weekly installments  •  77%

About Me

Am 35 yrs kenyan born citizen from siaya county having taken my childhood primary from that locality from 1986 to 1993.Went for my secondary education from 1994 to 1997 in Nandi county.In 1999 i joined a college in Kisumu county for a diploma in electrical engineering power option.later went to look for a job that never came to be.i started a small scale business under the electronics repair in 2004,but due to global change in digital generation i had to change my carrier from radio/tv repairs to do studies on mobile telephony field of repair this led me to start a mobile phone accessories sale that led me to do hardware repairs.but because of high technology growth i intent to start doing software on same field.but financial constrains has led to decline or be slow change in this field of repairs.
In my land or rather culture i am in,that's in nairobi county bussiness is the order of the day.thus it has made more people to come from all corners of the world to venture.
My son would like to like father.A businessman in imports of electronics spares.still young but determined.
My hobby is watching football but playing candy crash my phone is my pastime activity.
If i get this loan it will help me boost my business in buying software machines.

My Business

My business is called moriphatech electronics which deals with both repairs and sales of mobile phone accessories.
Soon im intending to start a software inconjunction with the later to boost this field of communication.In this business(hardware)i deal with replacements of phone screens,touch,microphone ,earpiece,ringers,faces.sale of chargers,batteries,handfrees,memory cards,flipcovers,screen guards,usb cables among others.
These goods are in high demand because almost 60 % of the population own mobile phones thus need of repairs or replacements of faulty parts.
l chose this business because its fast moving and technology changes almost daily.
The typical cost of this business is very high but i started with as little as 50,000khs because to start this business alot of machinery,spares and suppliers is required.
Most of my profit i use facilitate the expansion of this business and saving for the future of their education

Loan Proposal

Firstly i would like to thank all the lenders who made sure that i facilitated my business satisfactory.This made me have to open up another workshop within the CBD of Nairobi after a successful one within the estate of umoja in Nairobi.
I started the new workshop with little items i had bought but due to the high demand of mobile phone accessories in the capital city i was unable to provide most of the requirements or rather accessories so i have decided to borrow more funds to help ease the pressure I'm undergoing.
I want to buy or add more stock as follows;
Mobile phone batteries worth $3,000,
Mobile phone batteries worth $2,000,
Memory cards2,4 8,16,32gb worth $1,000,
Glass screen protectors worth $500,
USB flash disk worth $1,000,
{2}hot air rework machine worth $800.
Total $8,300
Having got this amount, i will be able to increase my sales and thus employ more technicians to work in my shop this will create a job opportunity to others.
Lastly,because this is a business opportunity, i expect to increase my interests or profit in double figures hence this will help me both in repaying in time and adding more stock in the two workshops i now own.
Thanks in advance and hope you will approve my loan request to be able to make both ends meet.

Feedback

4

None

None

  • xtrahardware    Jan 3, 2016

    AAA!

    Log in to reply • Share
  • Landei    Dec 26, 2015

    Thank you!

    Log in to reply • Share
  • johnhudson    Aug 10, 2015

    Excellent lending experience. Maurice was very responsible in his payments and provided regular updates on his business and progress. He was able to hire new technicians through his last loan and I am confident he will utilize his next loan well. AAA!! I will lend to him again.

    Log in to reply • Share
    • Maurice Ochieng    Aug 11, 2015

      Thanks Mr.johnhudson.im really happy to hear of your positive remarks.was wondering why my limit was not increased to a higher amount than i repaid last.
      Im looking forward to buy digitizers and lcd from outside the country to sell in my shop than be buying from the local electronics shops here to resell.

      Log in to reply • Share
  • Fleurnegra    Apr 29, 2015

    Fully paid.

    Log in to reply • Share
    • Maurice Ochieng    May 20, 2015

      Thanks for the positive feedback.And thanks for making my business grow to another level.I will always do my best to make both ends meet.

      Log in to reply • Share
    • Maurice Ochieng    Aug 11, 2015

      Thanks alot for giving me the opportunity to repay my loan.im looking forward for another loan.

      Log in to reply • Share


Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$840.00

Date disbursed

Jun 2, 2016

Repayment status

On Time

Projected term

5 months

Cost to entrepreneur

Service fee: $42.00

Lenders

C

Christian

Saarbruecken, Germany

investor

Candiac, Canada

Elinor

Maple Lake, MN, United States

Veronika

victoria, Canada

mbunifu

San Jose, United States

Y

yop324

Ottawa, Canada

BelleStarr

Albuquerque, United States

cyrus0302

San Francisco, United States

AltruisticSelfishnes

Chicago, United States

E

Ehaffey

Washington D.C., United States

DeanDropshot

Oslo, Norway

ErikN

Stockholm, Sweden

F

Fiodal

Helsinki, Finland

Raoul72

Naarden, Netherlands

I

Interfree

Dubai, United Arab Emirates

Scott

Oregon, United States

johnandmoliehi

Canton, New York, United States

A

aliasadsj

Queens, NY, United States

E

evanglend

Arlington, United States

T

ToddK

Indianapolis, IN, USA, United States

M

mogensh

København V, Denmark

rodcul

Altea, Spain

C

cjmenchaca

Austin, United States

tmisch

San Jose, California, United States

Jeff and Marcie

Portland, OR, United States

andreas

St. Georgen / Gusen, Austria

B

blahblah

Nuernberg, Germany

TheWhiteCat

Surrey, United Kingdom

MichaelR

Los Angeles, United States

M

matts

New York, United States

B

briansedz

Canton, Ohio, United States

P

proby24

Singapore, Singapore

beverly

Vancouver, Canada

T

tmsaddress

Orlando, Florida, United States

H

hanso

Arendal, Norway

B

bhalter

Eau Claire, United States

indeh

London, United Kingdom

SeeMeeFi

Ontario, Canada

G

GoldenPete

Christchurch, New Zealand

Shasta

Erie, United States

Erica

Caledon, Canada

G

glomardor

Leonardtown, United States

Cloudways

Malta, Malta

IA

Ismini and Jerry

Stamford, USA, United States

C

Colesmiths

Sevenoaks, United Kingdom

D

danderson1953

Plainsboro, United States

AdvancingCompassion

San Diego, United States

B

BClay

Campbell, United States

X

xaphoon

angouleme, France

ads68

Melbourne, Australia

D

Dionne

Pembroke, Bermuda

Bhayl

Stavanger, Norway

A

Aaron

Zurich, Switzerland

Cadwah

Barcelona, Spain

E

erogers

Vancouver, Canada

J

jerryq

Redding, United States

fairspirit

Utrecht, Netherlands

Richard100

Santa Ana, United States

A

arwaandali

Ottawa, Canada

A

amish

San Francisco, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

M

marcmesich

Kaohsiung, Taiwan

K

Krishroff

Dubai, United Arab Emirates

F

Fritzimax

Pacific City, United States

isabelv

Barcelona, Spain, Sweden

J

jocke

Stockholm, United States

A

AndrewC

London, United Kingdom

R

RickRozemuller

Groningen, Netherlands

P

peaceandcarrots

Hilltop, United States

JonB

London, United Kingdom

B

Blazeski786

Shimoni, Kenya

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

Richard Griebe

La Jolla, United States

D

DogFort1

Sydney, Australia

R

rosebo

Bend, United States

E

E

Marin county, United States

M

markus61

cologne, Germany

C

Clben7

Cincinnati, United States

Evan Lamos

Brussels, Belgium

G

guggl

Vienna, Austria

G

GanSatya

United States

M

Morgan1301

United States

sderickson

Berkeley, CA, United States

D

dajja

Stockholm, Sweden

M

martyb

United States

pvilliger

Zurich, Switzerland

L

lamar

lamar colorado, United States

M

microlender

United States

C

chrishol

United States

ColinHicks

Chichester, United Kingdom

A

adiipienaar

South Africa

Paul Buchheit

Mountain View, United States

S

Samhall8

Brandon, Canada

H

Heroofcanton

United States

J

jay12

Germany

A

ahgillett

United Kingdom

B

bugdaniel

Switzerland

E

eliastheroux

United States

bb4dogs

United States

E

emfagan1

United States

A

ajayhk

San Jose, United States

C

cathyu2crazy

United States

J

JennK

Australia

mepster

San Francisco, Ca, United States

johnhudson

Washington, DC, United States

A

AaltvM

Netherlands

TyWee

Manila, Philippines

L

luckiestmonkey

United States

B

bscent

Hong Kong

W

wesbh89

United States

H

HLCharityFund

United Kingdom

Grant Xavier Storer

Seattle, Wa, United States

S

sarahb

United States

Otto Barten

Amsterdam, Netherlands

B

Bennphoto

United Kingdom

A

amarzaidi1995

United Kingdom

I

ident

Horsholm, Denmark

M

michael0921

Fairmont, United States

M

M.Umar

Pakistan

A

adamdreaming

United States

L

laurahjones

United States

R

ross22

United States

A

andreab

United States

K

Kristiina

All Countries

KM

Kirsty M

United Kingdom

PH

Phil H

United States

Jonas

Switzerland

D

Daniel

Stuttgart, Germany

Gab

Singapore

Dave Bogard

New York, United States

Jerome

Switzerland

MW

Matt Willis

United States

W

Wade

United States

P

Patty

Colorado Springs, United States

Thomas

Basel, Switzerland

Elly

Woudrichem, United Kingdom

jtreyes

United States

PP

Pasi Paajanen

Helsinki, Finland

H

Hakon

Drammen, Norway

The Bayiates Family

Chicago, IL, United States

JM

John Meserve

United States

B

Beth

United States

E

erica

antwerpen, Belgium

CN

Cyprien Noel

United States

Max Lettenberger

Madison, WI, United States

KL

Kevin Law

United States

Kevin

San Francisco, United States

KD

Kent Don

United States

JD

Jeff DePree

United States

John Prendiville

Portland, United States

ME

Manaal Eisa

Washington DC, United States

BB

Ben Bellows

United States

B

Brent

United States

Martin Nielsen

Aarhus, Denmark

M

Mart

United Kingdom

D

Daniel

United States

Sarah and Dave

Toronto, Canada, Czech Republic

Kavitha Amarnath

Sydney, Australia

Rosario von Li

San Jose, Ca, United States

Elise E

United States

WS

william smith

United States

Carlo Cruz

Cincinnati, OH, United States

Dan Michael

Oslo, Norway

L

LK

United States

JC

Justin cohan

United States

S

stevensau

United States

RC

Rudi Chen

United States

SV

Salim Virji

United States

WG

Waqar Ghani

United States

E

Elynne

United States

HPK

Switzerland, Switzerland

SS

Steve Smith

Winchester, Ma, United States

Sinan Taifour

Munich, Germany, Germany

SM

Sachet Marion

United States

DF

D F

United States

AH

Amy Hammond

United States

RK

Robin Kline

United States

J

Jon

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

JS

Jason Strauss

United States

A

Anonymous

United States

HCPSPIRIT

Helsinki, Finland

A

Anonymous

United States

Ask Maurice 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...