Inventory of parts to upgrade my business

Johnik

Mazeras, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Johnik

Member since

May 2014

On-time repayments

145 installments • 56%

About Me

I am 32 years old and I am a Kenyan citizen. I am the third born in a family of seven. My home village is Kigumo in Murang'a County but I have been living in Mazeras Kilifi County in Coast Province for eight years now.

My education ended in secondary school, when I received the secondary certificate but could not proceed due to financial instability. After secondary school, I spent four years in Mazeras working at an EPZ as an MP mechanist. With my earnings, I quit employment and started my own electronics business. My main goal was to build a self-owned business to help support my family and earn a better living. Through the profits that I have earned, I have been able to improve my business and also support my little brother in his education by paying part of his school fees.

My Business

My source of income is from my own electronic business.

I repair radios, television, and DVDs that have failed working. I also sell electrical appliances like the extensions bulbs and tubes, sockets etc. My business is profitable because there is a high demand of electrical appliances.

However, there are also risks in my business. At times, some of my goods fail to operate as they should so I have to repair them first and sell them as second-hand goods because I have already broken the seal. Also, some of my items may be outdated. For instance, we are now moving from analogue to digital so I count the analogue items as dead stock.

Loan Proposal

my plan for this loan is to buy parts for man made power inverters as I neigbour rural area where there is no electricity power and many people use solar energy which produce small power so if they can get inverters atleast they can get to improve in one way or the other.so I will buy resistors,zena diods,ceramic capacitors which will cost me $18 also circuil boards $20.I will also pay a labour of rewinding of transformers and housing of that manmade power inverters which will cost me $40.I will be able to get more profit as many prefers jua Kali/man made invertors as factory made sometimes is difficult to repair as there is no parts

Show original English

About Me

I am a Kenyan citizen aged 32 years, I am the third born from a family of seven,my home village is Kigumo in Murang'a County but for now i am on my eighth year at Mazeras Kilifi County in coast Province.My education ended in secondary school i did the secondary certificate but could not proceed due to financial instability. I spent my first four years in Mazeras working at an EPZ as an MP mechanist.From my earnings i had to quite from being employed and i started my electronics business.My main reason was to create self owned business to help support my family and earn a better living.Through the profits that i earn i have been able to improve my business and also support my little brother in his education by paying part of his school fees.

My Business

My source of income is from my own electronic business.I do repair radios, Television, DVDs that have failed working i also sell electrical appliances like the extensions bulbs and tubes, sockets e.t.c.My business is profitable because there is a high demand of electrical appliances.the risks that i incur from my business is that some of my goods my fail to operate acoodingly so i have to repair them first and sell them as second hand because i will have already broken the seal.Also some of them may be out sale like for instant we are now moving from analogue to digital so i count them as dead stock.