Stock for my newly opened shop
Maurice
Embakasi, Nairobi, Kenya
100% repaid
Entrepreneur
Name
Maurice
Member since
February 2015
On-time repayments
149 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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$840.00
Date disbursed
Jun 2, 2016
Repayment status
On Time
Projected term
5 months
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Summary
Amount repaid
$881.99
Amount remaining
$0.00
Date repaid
Nov 13, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 12, 2016 | $40.57 | Jun 12, 2016 | $40.57 |
| Jun 19, 2016 | $40.57 | Jun 19, 2016 | $40.57 |
| Jun 26, 2016 | $40.57 | Jun 27, 2016 | $40.57 |
| Jul 3, 2016 | $40.57 | Jul 4, 2016 | $40.57 |
| Jul 10, 2016 | $40.57 | Jul 11, 2016 | $40.57 |
| Jul 17, 2016 | $40.57 | Jul 18, 2016 | $40.57 |
| Jul 24, 2016 | $40.57 | Jul 25, 2016 | $40.57 |
| Jul 31, 2016 | $40.57 | Aug 1, 2016 | $40.57 |
| Aug 7, 2016 | $40.57 | Aug 8, 2016 | $40.57 |
| Aug 14, 2016 | $40.57 | Aug 15, 2016 | $40.57 |
| Aug 21, 2016 | $40.57 | Aug 22, 2016 | $40.57 |
| Aug 28, 2016 | $40.57 | Aug 29, 2016 | $40.57 |
| Sep 4, 2016 | $40.57 | Sep 5, 2016 | $40.57 |
| Sep 11, 2016 | $40.57 | Sep 17, 2016 | $40.57 |
| Sep 18, 2016 | $40.57 | Sep 24, 2016 | $40.57 |
| Sep 25, 2016 | $40.57 | Oct 2, 2016 | $40.57 |
| Oct 2, 2016 | $40.57 | Oct 8, 2016 | $40.57 |
| Oct 9, 2016 | $40.57 | Oct 17, 2016 | $40.57 |
| Oct 16, 2016 | $40.57 | Oct 23, 2016 | $40.57 |
| Oct 23, 2016 | $40.57 | Oct 30, 2016 | $40.57 |
| Oct 30, 2016 | $40.57 | Nov 7, 2016 | $40.57 |
| Nov 6, 2016 | $29.96 | Nov 13, 2016 | $29.96 |
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