Name
Michael
Member since
May 2013
On-time repayments
29 installments • 24%
my name is MICHAEL KAMBI a resident here at kaloleni giriama Kenya. am not married yet a hard working businessman here at kaloleni. having been doing this business immediately after school.and it had been a very successfully business to me. my education background is form four level of secondary education. i started this business because i wanted to earn income since i was fresh from my secondary school so that i can depend on my self not parents anymore. with my earnings from my business i do make sure am buying more goods and supply them to some of my clients this is ti ensure that i do sell more and add my daily profit
am a hard working gently man here at kaloleni and i run my own small business. i run a small phone accessories shop here. i sell goods and products like phone batteries phone covers phone spare parts and i do the phone repairing too at my shop.the demand of this products is very high here because it is the only phone accessory shop nearby the main town so it has the demand everyday.most of the clients like get the services of my shop because my prices are fair to all. my monthly running cost is Kenya shillings 12,000. and my monthly sales income is Kenya shillings25,000.this is giving me a monthly profit of Kenya 13,000 per month. shillings
this loan im applying for i will use to upgrade my business. i need to buy a blow drier and 2 shaving machines and a smoother because im merging 2 businesses that is a hair saloon and a barber. these electronic appliances will cost a total of 18,000/=. i will then spend 4,000/= to boost my stock in buying hair chemicals and hair foods, shampoo and these will have a great impact on my business as i will be able to tend different clients. the remaining 2,000/= i will keep it as in case of emergency occurence i will be able to cover up the incidence.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$281.00
Date disbursed
Dec 25, 2013
Repayment status
Late
Projected term
22 months
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