Equipment for installing electricity in homes
Alex
Mombasa, Kenya
100% repaid
Entrepreneur
Name
Alex
Member since
December 2014
On-time repayments
340 installments • 88%
About Me
My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.
I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.
I made savings which enabled me to open a small electrical shop which I am running to date.
I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.
My Business
My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.
I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This is the main reason why I started this business since I wanted to get a market share of the boom.
I make a profit of about $380 which I use to support my family and also for business expansion.
Loan Proposal
I will use this money to further expand my business. I used the previous loans to increase my stock. This has attracted many clients to my shop and I want to continue to supply a wide variety of electrical materials so as to sustain them.
I will mostly buy installation cables and wall sockets which are always in high demand due to rapid electrification that is being undertaken by the government of Kenya.
I hope you will support me in this venture just as you have done in the past.
About Me
My name is Alex Masumbuko. I was born in Kitui County of Eastern region of Kenya. I was born in a family of farmers where my parents practised small scale farming. I spent my childhood years assisting my parents with their day to day chores.
I went to local schools where I studied up to secondary school but I could not proceed with my education since my parents were unable to afford college fees. I then decided to move to Mombasa in search of a job. I did not secure a job as expected and I started hawking small wares from door to door.
I made savings which enabled me to open a small electrical shop which I am running to date.
I am married with one child who is 2 years old. I am a committed member of my church where I am involved in many group activities.
My Business
My business deals with sale of electrical items such as wiring cables, wall sockets, bulbs etc. I am a retailer and I source my merchandise from wholesalers. I normally sell my items to contractors and technicians who do electrical work.
I decided to start this business due to the rapid expansion of Mombasa city where many new buildings are coming up and there is a big demand for electrical items. This it the main reason why I started this business since I wanted to get a market share of the boom.
I make a profit of about $480 which I use to support my family and also for business expansion.
Loan Proposal
I will use this money to further expand my business. I used the previous loans to increase my stock. This has attracted many clients to my shop and I want to continue to supply a wide variety of electrical materials so as to sustain them.
I will mostly buy installation cables and wall sockets which are always in high demand due to rapid electrification that is being undertaken by the government of Kenya.
I hope you will support me in this venture just as you have done in the past.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,367.00
Date disbursed
Sep 2, 2016
Repayment status
On Time
Projected term
8 months
Other loans
Lenders
Brussels, Belgium, Belgium
Portugal
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Summary
Amount repaid
$1,435.35
Amount remaining
$0.00
Date repaid
Mar 13, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 14, 2016 | $45.33 | Sep 14, 2016 | $45.33 |
| Sep 21, 2016 | $45.33 | Sep 23, 2016 | $45.33 |
| Sep 28, 2016 | $45.33 | Sep 29, 2016 | $45.33 |
| Oct 5, 2016 | $45.33 | Oct 6, 2016 | $45.33 |
| Oct 12, 2016 | $45.33 | Oct 13, 2016 | $45.33 |
| Oct 19, 2016 | $45.33 | Oct 19, 2016 | $45.33 |
| Oct 26, 2016 | $45.33 | Oct 26, 2016 | $45.33 |
| Nov 2, 2016 | $45.33 | Nov 4, 2016 | $45.33 |
| Nov 9, 2016 | $45.33 | Nov 12, 2016 | $45.33 |
| Nov 16, 2016 | $45.33 | Nov 18, 2016 | $45.33 |
| Nov 23, 2016 | $45.33 | Nov 18, 2016 | $5.04 |
| Nov 24, 2016 | $40.29 | ||
| Nov 30, 2016 | $45.33 | Nov 24, 2016 | $5.04 |
| Nov 30, 2016 | $40.29 | ||
| Dec 7, 2016 | $45.33 | Nov 30, 2016 | $10.07 |
| Dec 8, 2016 | $35.26 | ||
| Dec 14, 2016 | $45.33 | Dec 8, 2016 | $10.07 |
| Dec 16, 2016 | $35.26 | ||
| Dec 21, 2016 | $45.33 | Dec 16, 2016 | $15.11 |
| Dec 22, 2016 | $30.22 | ||
| Dec 28, 2016 | $45.33 | Dec 22, 2016 | $20.15 |
| Dec 28, 2016 | $25.18 | ||
| Jan 4, 2017 | $45.33 | Dec 28, 2016 | $20.15 |
| Jan 4, 2017 | $25.18 | ||
| Jan 11, 2017 | $45.33 | Jan 4, 2017 | $25.18 |
| Jan 12, 2017 | $20.15 | ||
| Jan 18, 2017 | $45.33 | Jan 12, 2017 | $25.18 |
| Jan 20, 2017 | $20.15 | ||
| Jan 25, 2017 | $45.33 | Jan 20, 2017 | $15.11 |
| Jan 27, 2017 | $30.22 | ||
| Feb 1, 2017 | $5.04 | Jan 27, 2017 | $5.04 |
| Feb 8, 2017 | $35.26 | Feb 9, 2017 | $35.26 |
| Feb 15, 2017 | $35.26 | Feb 17, 2017 | $35.26 |
| Feb 22, 2017 | $35.26 | Feb 23, 2017 | $35.26 |
| Mar 1, 2017 | $35.26 | Mar 1, 2017 | $35.26 |
| Mar 8, 2017 | $35.26 | Mar 1, 2017 | $5.04 |
| Mar 7, 2017 | $30.22 | ||
| Mar 15, 2017 | $35.26 | Mar 7, 2017 | $35.26 |
| Mar 22, 2017 | $35.26 | Mar 7, 2017 | $35.26 |
| Mar 29, 2017 | $35.26 | Mar 7, 2017 | $4.97 |
| Mar 13, 2017 | $30.29 | ||
| Apr 5, 2017 | $35.26 | Mar 13, 2017 | $35.26 |
| Apr 12, 2017 | $35.26 | Mar 13, 2017 | $35.26 |
| Apr 19, 2017 | $35.26 | Mar 13, 2017 | $35.26 |
| Apr 26, 2017 | $35.26 | Mar 13, 2017 | $35.26 |
| May 3, 2017 | $35.26 | Mar 13, 2017 | $35.26 |
| May 10, 2017 | $35.26 | Mar 13, 2017 | $35.26 |
| May 17, 2017 | $30.15 | Mar 13, 2017 | $30.15 |
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