Isaac Kariuki

Kiamunyeki Estate Nakuru, Kenya

100% repaid

Entrepreneur

Name

Isaac Kariuki

Member since

December 2012

On-time repayments

69 installments  •  42%

About Me

i was born 1982 Nakuru district currently known as Nakuru county in Engashura miles sita (kiamaina)
i joined kiamaina primary school 1989 and completed standard eight in 1989 and later joined Ngorika secondary school 1990 and completed in 1990. after school i started selling cabbages sukuma wiki (kales), green maize and other Agriculture products in Nakuru market both in Top market and the municipal market. i did this job for four years. later i started selling simple electronics in Nakuru town thats hawking items such as torches,spanners, phones chargers and other items.later i opened a small single shop in nakuru town behind jamia mosque.am not yet married but in the process of courtship. i attend full Gospel church in kiamunyeki center. am a member of youth fellowship in the church. academically i achieved a ordinary level and also a certificate in electronic repairs.during my leisure time i also participate in community development visiting the sick in the area.from my business returns i have been able to purchase a small plot in engashura which am planning to develop later in the course of next year

My Business

i started by selling simple electronics in Nakuru town thats hawking items such as torches,spanners, phones chargers and other items.later i opened a small single shop in nakuru town behind Jamia mosque which am currently running at the moment.i sell a variety of simple electronic items such as torches, electricity,fridge guard, flat iron, knives, spoons and spoons,headphones and other accessories. i choose this business because am acquitted better with when i was doing hawking.the products i sell have are highly demanded by customers because of its wide variety. i do get my purchases from suppliers who buys goods from Kampala because their are cheap and also from river road in Nairobi. my customers prefer my business because i sell my products at a cheaper price compared to my competitors and also i had created a good number of customers in Nakuru town.currently i do not face a stiff competition because i look for cheaper sources of my purchases.monthly sales of KES80,000 and total expenses from labor ,license and transport costs of KES30,000. The profit i have been getting i use it to expand my business

Loan Proposal

thank you so much my lenders for your continous finsncial support. my business have been doing so well. i will use my third loan as an addational capital to expand my sales revenue especially this chrismas season. i will buy entertainment gadget which has a very effective demand this seasons due to a very high number of young people who are on holidays. i will purchase flash disk for music storage, memory cards i.e usd cards, compact disk and dvds. am very confident with the items

Feedback

11

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$109.95

Date disbursed

Nov 11, 2013

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Lender interest: $109.95 at 3.32% annual rate over 7 months = $2.20

Service fee: $2.32

Lenders

C

chkuo

Taipei, Taiwan

Pierfausto

Rome, Italy

IM

Isak Maaseide

Tromso, Norway, Norway

H

howard

Vence, France

Sarasota

Sarasota, Fl, United States

A

Anonymous

United Kingdom

Ask Isaac 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...