To buy electrical fittings and mobile phones
Joseph
Limuru, Kenya
15% repaid
Entrepreneur
Name
Joseph
Member since
March 2015
On-time repayments
98 installments • 21%
About Me
My name is Joseph Kamamathi.I was born in 1980 in Ngarariga village in Kiambu county. I am a father of two daughters and one son .At my young age my father passed a way, so i had being raised by a single parent , that is my mother.In 1987 i joined Bibirioni primary school where i did my KCPE exam in the year 1995 . Let me say for those years life has not been easy because i was not 'born with a silver spoon in my mouth'. Most of the time i spent at home because of school fees .My mother could not raise my school fees .The job she had was not well paying and he had also to nurture my six brothers too.I t was so unfortunate for me because i did not proceed with my academics.I had to look for manual jobs to help my mother to put food on the table.my two daughters dream to become lawyers and my son dreams to be a doctor.
My Business
As i was struggling to look for a job, i meet a good Samaritan who helped me to put up an electronic shop. There i regained hope for becoming somebody . I was tired of staying stagnant in life.My business picked up well in few days and later i added Mpesa services.On daily services i earn an average net profit of 10 dollars and by the end of the month my average income is approximately 300dollars .I am sure and certain that when i get a loan i will be able to repay it without any difficulty.I really like doing business and my hobby is making friends. Out of my income i will pay school fees for my children.
Loan Proposal
Dear lenders, i would like to apply for a loan of $383 to buy electrical fittings and mobile phones.If you grant me the loan.The first item i will buy is 100 light bulbs costing a total of $100. Secondly I will buy hundred meters electrical cables for $80.Thirdly, I will buy ten outside aerials for network which will amount to $50.Finally, i will buy ten mobile phones which will go for $150.When i buy the above items ,i will be able to get a profit of 50 percent for each an every item.The items above is what my customers are demanding . So it will not be a dead stock its some thing am sure will go fast once i stock in my shop.The benefit i will get is i will have an increase in my income by fifty percent ,so my standard of living will rise.Then i will be able to meet my customers demand buy supplying them what they need and by doing so i will have more customers.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$385.00
Date disbursed
Sep 29, 2015
Repayment status
Late
Projected term
18 months
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