Albert

Githurai Mwiki, Kenya

100% repaid

Entrepreneur

Name

Albert

Member since

April 2013

On-time repayments

235 installments  •  40%

About Me

I have completed my secondary education then acquired vocational training in electronics. I am married and blessed with one child who is 7 years old.

I reside in Githurai Mwiki and have also established electronic business in the community. My wife operates a tailoring business where is makes women & children clothes.

Revenue from my business and the tailoring business for my wife is used for upkeep, saving to expand the businesses and savings for the children education.

I am actively involved in community development thus serving in the local development committee.

My Business

My electronic business is based in Githurai Mwiki. It involves selling of spare parts of television sets, decoders, Dvds and mobile phones and also offering repair services.

The demand for my goods and services is high because of the technology era whereby at least every household has a mobile phone hence I am the only provider of the services in the community.

Customers prefer my business because of good repair skills & experience and good customer services. My business is at risk because it can't sustain the needs of customers who require mobile phone spare parts thus reducing my sales but with financial boost, I will be in position to purchase the mobile phone spare parts hence meeting customer demands.

The average monthly sales is Kshs 74000 and the average monthly expenses is Kshs 52000 hence the average profit is Kshs 22000.

Loan Proposal

Thanks for supporting me with the first loan because it has really assisted me to stabilize my business thus I want now to expand by introducing more services and this involves purchase of phone covers at Kshs 3000, purchase of phone batteries at kshs 2000 and purchase of desktop Pentium 3 at kshs 10 000 and phone repair soft ware at kshs 3000. I have established good relationship with customers who want new software in their phones hence more sales.

Feedback

2

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Loan Info

Project Type

Classic Loan

Disbursed amount

$214.00

Date disbursed

Nov 25, 2013

Repayment status

On Time

Projected term

20 months

Lenders

Pierfausto

Rome, Italy

M

magnaculpa

Silver Spring, United States

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Summary

Amount repaid

$238.10

Amount remaining

$0.00

Date repaid

Apr 16, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jan 11, 2014 $11.90 Jan 12, 2014 $11.90
Feb 11, 2014 $11.90 Jan 12, 2014 $5.95
Feb 15, 2014 $5.95
Mar 12, 2014 $11.90 Feb 15, 2014 $11.90
Apr 12, 2014 $11.90 Apr 8, 2014 $11.90
May 12, 2014 $11.90 Apr 8, 2014 $5.95
May 11, 2014 $5.95
Jun 12, 2014 $11.90 May 11, 2014 $1.19
Jun 12, 2014 $10.71
Jul 12, 2014 $11.90 Jun 12, 2014 $1.19
Jun 30, 2014 $5.95
Jul 10, 2014 $4.76
Aug 12, 2014 $11.90 Jul 10, 2014 $1.19
Aug 12, 2014 $10.71
Sep 12, 2014 $11.90 Sep 12, 2014 $11.90
Oct 12, 2014 $11.90 Sep 12, 2014 $11.90
Nov 11, 2014 $11.90 Oct 9, 2014 $11.90
Dec 11, 2014 $11.90 Oct 9, 2014 $11.90
Jan 11, 2015 $11.90 Dec 12, 2014 $11.90
Feb 11, 2015 $11.90 Dec 12, 2014 $11.90
Mar 12, 2015 $11.90 Mar 4, 2015 $11.90
Apr 12, 2015 $11.90 Apr 12, 2015 $11.90
May 12, 2015 $11.90 Apr 12, 2015 $11.90
Jun 12, 2015 $11.90 Apr 12, 2015 $11.90
Jul 12, 2015 $11.90 Apr 12, 2015 $9.52
Apr 16, 2015 $2.38
Aug 12, 2015 $11.90 Apr 16, 2015 $11.90

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