Buy switches, energy saver bulbs, & electrical wire to sell at my home supplies shop

Victor Kipkurui

Nakuru Town, Kenya

24% repaid

Entrepreneur

Name

Victor Kipkurui

Member since

May 2014

On-time repayments

68 installments  •  81%

About Me

I am Victor Kipkurui aged 27. I am married and a father of one child. I have a diploma in Banking and Finance from Rift Valley Institute of Science and Technology. I live in Kabachia Estate Nakuru Town, Nakuru County opposite ebony wooden gate plot number 146.
I started my business of selling electrical appliances in 2011, just after completing college. I started it because I saw growth in demand for electrical appliances in my town.
I will use the earnings from my business for expansion, payment of my bills and looking after the welfare of my young family.

My Business

I sell electrical appliances in Nakuru Town, Nakuru county behind Rift Ralley Sports Club next to Gilanis supermarket. Nakuru is a fast growing town, that has created a high demand for electrical appliances because of the new residential housing developments. There is also a great need for their repair, replacements. My electrical shop thrives because I provide quality appliances coupled with good customer service that I have developed over the three years in business. I generate between USD 190 and USD 280 profit per month which l use to add stock to the business and support my family. So a Zidisha loan will help me increase stock and also open other outlets, providing employment to others and helping me run and grow the business.

Loan Proposal

Thank you Zidisha team and lenders for the chance of receiving loans. When l get the funds, l will use 100 dollars to purchase electrical switches. l will also purchase the energy savers bulbs that are in high demand at a cost of 200 dollars, l will also purchase electrical cables that are fast moving at a cost of 150 dollars. The money that l earn from selling these components will be used to expand my business, pay for my children school fees and improve my living standard in Nakuru.

Show original English  

About Me

I am victor kipkurui aged 27. I am married and a father of one child.I am a diploma holder in banking and finance from rift valley institute of science and technology.I live in kabachia estate nakuru town, nakuru county opposite ebony wooden gate plot number 146.
I started my business of selling electrical appliances in the 2011 just after completing college.I stated it because i saw a demand in the electrical appliances in the town which is fast growing.
The earning from the business i use to expand my business , pay my bills and look into the welfare of my young family.

My Business

I sell electrical appliances in nakuru town, nakuru county behind rift valley sports club next to Gilanis supermarket.Nakuru is a fast growing town and hence there is high demand for electrical appliances both for repairs , replacements and new fittings in developing residential houses in town and its environs.There is alot of competition in town as many people have opened electrical shops but mine thrives because I provide quality appliances coupled with good customer relation that i have developed over the three years in business.My business generates between USD 190 and USD 280 profit per month which l use to add stock to the business and support my family.So Zidisha loan will help me increase stock and also open other outlets hence providing employment to others to help me run the business.

Loan Proposal

thanks zidisha team and lenders as well for chance of loans when l get this loan l will use 100 dollars to purchase electrical switches,l will also purchase energy savers bulbs that is on high demand at a cost of 200 dollars,l will also purchase electrical cables that is fast moving at a cost of 150 dollars the money that l get from selling this electrical appliances l will use it to expand my business pay for my children school fees and improve my living standard around nakuru due to high cost of living

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Loan Info

Project Type

Classic Loan

Disbursed amount

$468.87

Date disbursed

Sep 8, 2014

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Lender interest: $468.87 at 6.74% annual rate over 12 months = $33.43

Service fee: $17.92

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