Add inventory to my general-merchandise business
Anthony
Kayole, Embakasi,nairobi, Kenya
100% repaid
Entrepreneur
Name
Anthony
Member since
March 2016
On-time repayments
236 installments • 66%
About Me
i went to school at mukui primary in 1993 and dropped out in class seven due to lack of school fees. Then i was employed as garden helper for seven years up to 2008when i joined Fyko chemical company up to 2015 July when i was rendered jobless due to company retrenchment of employees.i used my hard earned savings to start a business in Tassia estate, Embakasi, Nairobi. While i was in FYKO chemicals company i used to visit a friend who does repair electronics and from him i acquired basic knowledge on electronics repair and maintenance.
My Business
I deal with general buying and selling of second hand goods ranging from electronics to furniture, house holds to office equipment, fridges coolers and many more. i also do Phone repair. i also have sound system for hire for small functions such as birthday parties, family meetings and other minor functions
basically my business i located in an area of lower class people who can rarely afford new products such as households and most prefer to buy used items as they are cheaper and are in good condition. I chose this business because i could start it with the small capital i had.
The only costs involved in this business are the county council license and Music Copyright Society of Kenya license because i deal with Audio visual systems. Others are electricity and water bills.
I use the profits realised for the upkeep of my family and plough back whatever remains after my expeses are catered to improve the business
Loan Proposal
Since my last loan, my business has seen drastic increase in demand of more products. I ventured further in home supplies like smart and digital TV sets (which are on high demand now, and massive returns) and decoders. My cell phone business is going well and also needs a boost to expand my space due to hiring youths from my area who need work and mentor-ship.
This current loan will be used to expand my mobile phone repair business by buying further equipment and inventory, and also add inventory to my household electronic business.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$827.00
Date disbursed
Nov 18, 2018
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
San Francisco, United States
Bangkok, Thailand
Austin, United States
Chicago, United States
Odense, Denmark
Saguenay, Québec, Canada
New York, United States
Somerville, United States
New York, NY, United States
Logan, United States
Germany
Yau Yat Chuen, Hong Kong
Glen Spey, United States
Lincoln, United States
Fontvielle, Monaco, Yemen
Beach City, United States
Oslo, Norway
Singapore, Singapore
South Bend, United States
Mountain View, United States
Lahr, Germany
[email protected], United States
United States
United States
United States
United States
United States
Denver, United States
United States
Ireland
United States
Hong Kong
San Francisco, Netherlands
Austria
United States
Germany
United Kingdom
Oshawa, Canada
Australia
Saudi Arabia
United States
Germany
Australia
Hong Kong
Reading, United Kingdom
Israel
Lima, Peru
Germany
United Kingdom
Australia
Germany
Taiwan
United States
Germany
United Kingdom
Netherlands
Switzerland
United States
Atlanta, United States
United States
United States
United States
United States
Karlsruhe, Germany
Croatia
Canada
Ask Anthony a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.