Jaribu traders malimali stock purchase

Peter

Kabazi, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

April 2017

On-time repayments

14 installments  •  21%

About Me

Once I completed my high school at Oldonyomara secondary school, I trained for craft course in Electronics repair and maintenance for about 8months which equiped me with electricity installation and repair of various electrical appliance, I started a simple repair business where i could repair monor faults in rdio, Tv, mobile phones and other gadgets. This business proved attractive in terms of profits but customers were less, I enrolled for driving classes and obtained a driving licence and I could from time to time get temporary driving jobs.

My Business

From the various activities as stated above, I did quit repair business and started selling appliances as competition increased with well established busineses around giving me hard time. I started selling electrical appliances and this worked well for me so I decided to put more stock on the same business. My business is known as Jaribu traders and I deal with variety of commodities like electrical appliances, bulbs, cables among others. I get considerable customers enough to sustain my business. The profits made is mainly used to expand since I have a vision of even having a large business.

Loan Proposal

I want to request you for a loan so that I restock my business. I face a challenge of finance the reason I send my customers to other well established businesses when I dont have what they require, this has prompetd me to look for ways to raise funds and I have identified zidisha as a partner in my business. Having read what it entails I am aware that the first loans are usually small but I intend to work hard to repay on time and hopefully be able to rais a larger loan that will take me to a higher level. I intend to use about USD 50 to have additional stock.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$26.00

Date disbursed

Apr 27, 2017

Repayment status

On Time

Projected term

3 months

Lenders

Humble Bundle Community

San Francisco, United States

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