Name
Paul
Member since
February 2012
On-time repayments
307 installments • 7%
I am married with 7 children. Six of them are schooling. I live in Kiptangwanyi in my own piece of land. plot number 52. I started the business of repairing radios and televisions back in the year 2000. This is where I have been earning my daily needs and that of the family. I rely 100% on this business in order to feed my family and also to meet their basic needs.
my business entails the services of repairing radios, televisions and mobile phones. My business took another turn in the year 2008 where I started repairing mobile phones. All throughout I have only been repairing radios and television. This introduction of mobile phone repair increased the value of my business and also the number of customers that I previously served increased. There is very highdemand for my services in this area as I had already established a good relationship with most of my customers. the main challenges that my business encounter are high cost of electricity and increased prices of spare parts.
the first loan help me very much in my business, with this second loan i want to divide it in two,50,000 i want to buy a good breed of milking cow for my family because my wife requested and say she will help me as a family to pay this second loan from his farm income.the lest i will start selling new phone and also electronics spares and new radio and also watches because those item is in demand .also i have a plane to introduce new things like memory card and memory card reader because it is in a high demand in this time of technology introduction in the area
Positive
6
Neutral
2
Negative
7
Project Type
Classic Loan
Disbursed amount
$1,218.00
Date disbursed
Nov 21, 2012
Repayment status
On Time
Projected term
18 months
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