Buying new electronics and repair
Albert
Githurai Mwiki, Kenya
100% repaid
Entrepreneur
Name
Albert
Member since
April 2013
On-time repayments
235 installments • 40%
About Me
I have completed my secondary education then acquired vocational training in electronics. I am married and blessed with one child who is 7 years old.
I reside in Githurai Mwiki and have also established electronic business in the community. My wife operates a tailoring business where is makes women & children clothes.
Revenue from my business and the tailoring business for my wife is used for upkeep, saving to expand the businesses and savings for the children education.
I am actively involved in community development thus serving in the local development committee.
My Business
My electronic business is based in Githurai Mwiki. It involves selling of spare parts of television sets, decoders, Dvds and mobile phones and also offering repair services.
The demand for my goods and services is high because of the technology era whereby at least every household has a mobile phone hence I am the only provider of the services in the community.
Customers prefer my business because of good repair skills & experience and good customer services. My business is at risk because it can't sustain the needs of customers who require mobile phone spare parts thus reducing my sales but with financial boost, I will be in position to purchase the mobile phone spare parts hence meeting customer demands.
The average monthly sales is Kshs 74000 and the average monthly expenses is Kshs 52000 hence the average profit is Kshs 22000.
Loan Proposal
I wish to use the loan to buy new electronics extension, phone body and other spare parts to add on the current stock.
This will help me achieve my dream of satisfying my customers with all services or products they need.
I am expecting to increase my daily sales by 20%. This will also increase my daily, weekly and monthly income by 20% which will help me meet the needs for my family and pay my loan back.
It will also enable me pay my bills like the recently increased rent and high electric bills both at my residence and business rooms. Am really thankful for the previous loan. It made my life better. I believe loan make my life even much better still.
Thanks in advance understanding my needs and believing in me this much. I promise I will not let you down.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$431.00
Date disbursed
May 2, 2015
Repayment status
On Time
Projected term
11 months
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Summary
Amount repaid
$453.11
Amount remaining
$0.00
Date repaid
Apr 22, 2016
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 10, 2015 | $8.88 | May 9, 2015 | $8.88 |
| May 17, 2015 | $8.88 | May 9, 2015 | $2.23 |
| May 17, 2015 | $6.64 | ||
| May 24, 2015 | $8.88 | May 17, 2015 | $4.47 |
| May 24, 2015 | $4.41 | ||
| May 31, 2015 | $8.88 | May 24, 2015 | $6.70 |
| May 31, 2015 | $2.18 | ||
| Jun 7, 2015 | $8.88 | May 31, 2015 | $8.88 |
| Jun 14, 2015 | $8.88 | May 31, 2015 | $0.06 |
| Jun 7, 2015 | $8.82 | ||
| Jun 21, 2015 | $8.88 | Jun 7, 2015 | $2.29 |
| Jun 14, 2015 | $6.59 | ||
| Jun 28, 2015 | $8.88 | Jun 14, 2015 | $4.52 |
| Jun 22, 2015 | $4.36 | ||
| Jul 5, 2015 | $8.88 | Jun 22, 2015 | $3.98 |
| Jul 1, 2015 | $4.90 | ||
| Jul 12, 2015 | $8.88 | Jul 1, 2015 | $6.10 |
| Jul 11, 2015 | $2.78 | ||
| Jul 19, 2015 | $8.88 | Jul 11, 2015 | $8.33 |
| Jul 21, 2015 | $0.54 | ||
| Jul 26, 2015 | $8.88 | Jul 21, 2015 | $4.46 |
| Jul 23, 2015 | $4.42 | ||
| Aug 2, 2015 | $8.88 | Jul 23, 2015 | $1.13 |
| Aug 2, 2015 | $7.74 | ||
| Aug 9, 2015 | $8.88 | Aug 2, 2015 | $0.03 |
| Aug 10, 2015 | $8.84 | ||
| Aug 16, 2015 | $8.88 | Aug 10, 2015 | $0.04 |
| Aug 16, 2015 | $8.83 | ||
| Aug 23, 2015 | $8.88 | Aug 16, 2015 | $0.06 |
| Aug 24, 2015 | $8.82 | ||
| Aug 30, 2015 | $8.88 | Aug 24, 2015 | $0.07 |
| Aug 30, 2015 | $8.81 | ||
| Sep 6, 2015 | $8.88 | Aug 30, 2015 | $0.08 |
| Sep 7, 2015 | $8.80 | ||
| Sep 13, 2015 | $8.88 | Sep 7, 2015 | $8.88 |
| Sep 20, 2015 | $8.88 | Sep 7, 2015 | $4.40 |
| Sep 21, 2015 | $4.48 | ||
| Sep 27, 2015 | $8.88 | Sep 21, 2015 | $4.41 |
| Oct 7, 2015 | $4.47 | ||
| Oct 4, 2015 | $8.88 | Oct 7, 2015 | $8.88 |
| Oct 11, 2015 | $8.88 | Oct 7, 2015 | $1.10 |
| Oct 12, 2015 | $7.78 | ||
| Oct 18, 2015 | $8.88 | Oct 12, 2015 | $0.06 |
| Oct 17, 2015 | $8.82 | ||
| Oct 25, 2015 | $8.88 | Oct 17, 2015 | $0.07 |
| Oct 26, 2015 | $8.81 | ||
| Nov 1, 2015 | $8.88 | Oct 26, 2015 | $1.74 |
| Nov 2, 2015 | $7.13 | ||
| Nov 8, 2015 | $8.88 | Nov 2, 2015 | $3.98 |
| Nov 9, 2015 | $4.90 | ||
| Nov 15, 2015 | $8.88 | Nov 9, 2015 | $6.21 |
| Nov 15, 2015 | $2.67 | ||
| Nov 22, 2015 | $8.88 | Nov 15, 2015 | $8.44 |
| Nov 30, 2015 | $0.43 | ||
| Nov 29, 2015 | $8.88 | Nov 30, 2015 | $8.88 |
| Dec 6, 2015 | $8.88 | Nov 30, 2015 | $1.80 |
| Dec 9, 2015 | $7.08 | ||
| Dec 13, 2015 | $8.88 | Dec 9, 2015 | $2.92 |
| Dec 21, 2015 | $5.96 | ||
| Dec 20, 2015 | $8.88 | Dec 21, 2015 | $2.60 |
| Dec 28, 2015 | $6.28 | ||
| Dec 27, 2015 | $8.88 | Dec 28, 2015 | $4.83 |
| Jan 5, 2016 | $4.04 | ||
| Jan 3, 2016 | $8.88 | Jan 5, 2016 | $1.51 |
| Jan 11, 2016 | $7.37 | ||
| Jan 10, 2016 | $8.88 | Jan 11, 2016 | $3.74 |
| Jan 19, 2016 | $5.13 | ||
| Jan 17, 2016 | $8.88 | Jan 19, 2016 | $3.76 |
| Jan 26, 2016 | $5.12 | ||
| Jan 24, 2016 | $8.88 | Jan 26, 2016 | $5.77 |
| Feb 2, 2016 | $3.11 | ||
| Jan 31, 2016 | $8.88 | Feb 2, 2016 | $7.78 |
| Feb 9, 2016 | $1.10 | ||
| Feb 7, 2016 | $8.88 | Feb 9, 2016 | $8.88 |
| Feb 14, 2016 | $8.88 | Feb 9, 2016 | $0.02 |
| Feb 13, 2016 | $8.86 | ||
| Feb 21, 2016 | $8.88 | Feb 13, 2016 | $0.03 |
| Feb 21, 2016 | $8.84 | ||
| Feb 28, 2016 | $8.88 | Feb 21, 2016 | $0.04 |
| Mar 1, 2016 | $8.83 | ||
| Mar 6, 2016 | $8.88 | Mar 1, 2016 | $1.17 |
| Mar 6, 2016 | $7.71 | ||
| Mar 13, 2016 | $8.88 | Mar 6, 2016 | $2.29 |
| Mar 13, 2016 | $6.59 | ||
| Mar 20, 2016 | $8.88 | Mar 13, 2016 | $3.41 |
| Mar 21, 2016 | $5.47 | ||
| Mar 27, 2016 | $8.88 | Mar 21, 2016 | $4.53 |
| Mar 28, 2016 | $4.34 | ||
| Apr 3, 2016 | $8.88 | Mar 28, 2016 | $0.10 |
| Apr 4, 2016 | $8.78 | ||
| Apr 10, 2016 | $8.88 | Apr 4, 2016 | $0.11 |
| Apr 11, 2016 | $8.77 | ||
| Apr 17, 2016 | $8.88 | Apr 11, 2016 | $0.12 |
| Apr 17, 2016 | $8.76 | ||
| Apr 24, 2016 | $9.22 | Apr 17, 2016 | $0.13 |
| Apr 22, 2016 | $9.09 | ||
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