Venture into mobile phone sales

Viona

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Viona

Member since

January 2015

On-time repayments

62 installments  •  74%

About Me

My name is Viona Wambui. I was born in Eldoret in the Rift Valley highlands of Kenya. I was born in a large family of 9 and my parent to make a total of 11. I am child number 3 in the family. I was raised up in a very humble background and I am glad I grew up to adulthood against very serious odds.

I went to primary and then secondary school then moved to Mombasa town to live with cousins while at the same time looking for employment. I got a job at a hair salon. This is something I loved doing despite the fact that I have no formal training in this area. I quit this job after two years due to low pay and decided to open a money transfer business. This was a booming business at the time but the hype died down and the profitability of my business plummeted.

It is at this point that I decided to change business and venture into selling mobile phones and accessories and that is what I am still doing.

I am married with three children aged 8,12 and 16 who are all in school. My dream is to secure my children's future through quality education and serious saving schemes to give them a head-start in life.

My Business

I deal with selling of mobile phones and associated accessories. This is the in-thing in town and this inspired me to venture into this area. I operate from rented premises and I have also employed one attendant. I make about @300 per month after all expenses are paid.

I use this money to supplement my husbands income which is the major component of running my family's budget. I also set aside a portion of it (at least 20%) and put it back to the business to make it grow.

Loan Proposal

I feel the time is ripe for me to dive into the business of selling mobile phones. I have been selling phone accessories from the time I started my business and I have always wanted to start selling mobile phones so as to increase my profitability.

I am planning to start with very basic phones and then graduate to more sophisticated one once I manage to secure bigger loans from Zidisha. If I get funded, I will use this money to buy a dozen phones at a total cost of USD 200. This will hopefully open the floodgates of success since I expect to sell all of them within a month. I have never been so optimistic in my business life.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$185.00

Date disbursed

Jun 17, 2015

Repayment status

On Time

Projected term

2 months

Lenders

investor

Candiac, Canada

mbunifu

San Jose, United States

DeanDropshot

Oslo, Norway

R

rcmssr

Woodbury, United States

Zidisha

Sterling, United States

sebastienrosa

Quebec, Canada

G

guenter

Bremen, Germany

Krtecek

Balzers, Liechtenstein

fairspirit

Utrecht, Netherlands

T

Taupe

Balzers, Liechtenstein

Zal0m0n

Atlantis!!!! x), Mauritania

E

E

Marin county, United States

T

thebonseung

Republic of Korea

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

mepster

San Francisco, Ca, United States

I

idris

United States

T

Tim47

United States

M

M.Umar

Pakistan

E

egines

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

RM

Robbie McCullagh

Waverton, Australia

Cathy

Melbourne, Australia

Paul

Seattle, United States

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