Tv sets, subwoofers, electric appliances for new branch

Samson Muriithi

Kitengela, Kenya

100% repaid

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Entrepreneur

Name

Samson Muriithi

Member since

April 2015

On-time repayments

225 installments • 78%

About Me

Hello Zidisha Family, my name is Samson. I am married and a father of two wonderful boys. I was born and raised in the Central part of Kenya where I went to school up to high school. After high school, I moved to Kitengela Town after getting employment in a textile factory. Kitengela is a vibrant town and has a lot of potential. I worked for two years after which I quit due to my passion to have my own business. In 2008 January, I started a small business of a video shop. My business has grown and now I have introduced electronics which seems promising due to many people moving from rural areas to towns and the demand for electronics is high. My profits go to school fees, family upkeep and expanding my business. My family is my joy and I want to give my children the best in education and any other assistance. I love travelling and adventure and watching movies in my free time.

My Business

My business deals with electronics, that is, TVs, music systems, bulbs and electrical appliances. This is a fast growing urban centre, so the demand is high. The profit goes between 30% to 40% in every stock sold. The stock replacement is regular, that is, three to four times in a month. Mostly the profits go to inventory, family upkeep and school fees. My future plan is to have a wholesale store and create employment.

Loan Proposal

Hello dear lenders, I thank you deep down my heart for all the support you have given me to date. I still need your assistance to raise a new loan that will help me open a new branch and expand the business you have helped me grow. I am applying for a loan of $1555. The loan will be broken down as follows, $500 will go towards three months rent and new premise renovation, The rest of the $1055 will help me buy new stock for the new branch. I will also create job opportunity for two employees. The stocks will include $400Tv sets ,$300 subwoofers,$355 electric appliances and phone accessories. I predict my business to grow by more than 50%. Every assistance accorded to me will be highly appreciated.

Show original English

About Me

Hello Zidisha Family, my name is Samson, I am married and a father of two wonderful boys. I was born and raised in Central part of Kenya where I went to school up to high school. After high school, I moved to Kitengela Town after getting employment in a textile factory. Kitengela is a vibrant town and has alot of potential.I worked for two years after which i quit due passion to have my own business. In 2008 jan, I pstarted a small business of a video shop. My business has grown and now Ihave introduced electronics which seems promising due to many people moving from rural areas to towns and the demand for electronics is high. My profits goes to school fees , family upkeep and expanding business.My family is my Joy and I want to give my children the best in education and any other assistance. I love travelling and adventure and watching movies in my fre time.

My Business

My business deals with Electronics, that is Tvs, Music systems, bulbs and electrical appliances. This is a fast growing urban centre so the demand is high. The profit goes between 30% to 40% in every stock sold. The stock replacement is regular that is three to four times in a month. Mostly the profits goes to inventory, family upkeep and school fees. My future plans is to have a wholesale store and create employment.