Electrical goods for an electrical shop
Kelvin
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Kelvin
Member since
April 2017
On-time repayments
24 installments • 58%
About Me
My business deals with electronics. I purchase electronics supplies, spares, phone accessories at a wholesale and sell them to consumers. I have some knowledge on electricals since i learnt to stay busy in my dads shops in Mombasa during holidays and am very good at pricing so this isn't something very new to me, so i decided to do the same on a different town under my own business name having known the different dealers he used to access his stock and evaluating for the cheaper ones i could rely. It is also a similar business I once wrote on my campus Business Project subject with all requirements of a project. Though i now cannot utilise the copy both on hard and softcopy since that was a larger scale one as compared to the one i am running and had a huge management scheme and capital startup compared to this one i started, with the little capital i raised. But its God grace it will one day grow to what i wrote on paper.
The reason as to why I applied for a Zidisha loan is to help me improve on what i started. I intend to purchase more stock like conduit pipes, cables, bulbs that is in great demand due to many people in this town carrying out wiring installations on a daily basis. The goods will
vary for a startup. With the profit i make i will be able to repay back my lenders for a ggreater credit limit and since I have no much dependancy on me my biggest goal is to take this business to a self sustaining level and even start on home appliance, and do wholesales too
My Business
My business deals with electronics. I purchase electronics supplies, spares, phone accessories at a wholesale and sell them to consumers. I have some knowledge on electricals since i learnt to stay busy in my dads shops in Mombasa during holidays and am very good at pricing so this isn't something very new to me, so i decided to do the same on a different town under my own business name having known the different dealers he used to access his stock and evaluating for the cheaper ones i could rely. It is also a similar business I once wrote on my campus Business Project subject with all requirements of a project. Though i now cannot utilise the copy both on hard and softcopy since that was a larger scale one as compared to the one i am running and had a huge management scheme and capital startup compared to this one i started, with the little capital i raised. But its God grace it will one day grow to what i wrote on paper.
The reason as to why I applied for a Zidisha loan is to help me improve on what i started. I intend to purchase more stock like conduit pipes, cables, bulbs that is in great demand due to many people in this town carrying out wiring installations on a daily basis. The goods will
vary for a startup. With the profit i make i will be able to repay back my lenders for a ggreater credit limit and since I have no much dependancy on me my biggest goal is to take this business to a self sustaining level and even start on home appliance, and do wholesales too
Loan Proposal
With the current loan i wil be able to purchase
Phone accesories worth 100$ such as phone chargers,phone casings,universal chargers etc. This type of goods are much marketable in any electrical shop since the phone accesories are used on a daily basis.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$18.55
Date disbursed
Aug 9, 2017
Repayment status
On Time
Projected term
2 months
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