Kelvin
Nairobi, Kenya
100% repaid
Name
Kelvin
Member since
April 2017
On-time repayments
24 installments • 58%
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 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
Purchase :-
Pvc pipes 20$
Cables 45$
Phone accessories 32$
Sockets 17$
Bulbs 14$
2Ft Flourescent tubelets 22$
Led strips 25$
These are mainly the goods on high demand that am out of, since most of the market here requires wiring and electrical installation facilities. With this stock I will be able to deliver all consumer needs and maximize on profits and expand the business after acquiring more capital and pay up my loan.
These is all achievable by the help of my lenders and guarantors out there.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$7.00
Date disbursed
May 6, 2017
Repayment status
Late
Projected term
5 weeks
Other loans
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