Jairo
Nairobi, Kenya
100% repaid
Name
Jairo
Member since
December 2014
On-time repayments
268 installments • 53%
My names are jairo wainaina from kiambu county a small village called kwambira, Am a member of a family of five, i went to muguga high school, i did not further my education due to financial stability so i became idle and kept watching movies all day.
I began accompanying my mother to farm and for many years i could feel hopeless and disappointed about my life,
One day a project named " kazi kwa vijana"was aimed at clearing bushes and repairing roads offered me employnent, i managed to save money which i used to start a small movie shop.
My hobbies are watching, Lots of friends come to borrow movies at my home so i found the need to start the business,
I like dancing singing and playing guitar, Am also into interior decorations.
My business "jairo movie shop" is a small growing movie shop where i sell movies do photocopy sell phone accessories,design wedding cards and repair phones,printing services.
The business is fast growing, i need more capital so to invest more and double my profits.
My area is a small shopping center where lots of youths like to watch movies play station games and using the internet chatting or social media, this made me realize a demand in movies and phone accessories due to advanced technology,
my cousin who works as an attendant in the shop also repairs phones so a customer can purchase a spare and fix his phone in the same place,people take pictures passports and also photocopies,
I make a profit of 200 to 400$ a month and use it to pay rent pay my cousin salary buy food and add more accessories in stocking the shop.
With ideas from other business men and friends whom are older than me in business i have been able to to now divide the shop into two and subdivided a small section for play station games room due to customers demand.
After buying a printer and introduction of snacks i now make an average of 380usd and sometimes it gets to 450usd this is a profit a increase of almost 150 usd in my total income on a monthly record analysis.
Granted this loan of 30,686 kenya shillings i will use 200 US D to buy a Mpesa line and use 106 US D to buy play station three (ps2) machine.
This will increase income in my entertainment shop and will definitely increase my monthly profit by two.
Games is currently in great demand as many children are now asking for this games, i found a need to also bring money transfer services due to customers who wants to [pay for services through the phone.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$436.00
Date disbursed
Dec 1, 2015
Repayment status
On Time
Projected term
48 months
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