Loan to buy speakers and music system for sale

John

Nairobi, Kenya

100% repaid

Entrepreneur

Name

John

Member since

May 2015

On-time repayments

221 installments  •  10%

About Me

Am john maina from kiambu county in the central province of kenya ,growing up in central province mad me learn to do business at a tender age, My dad was a mechanic and a farmer my mum is a nurse and i am working as a customer service attendant at a car sale show in limuru town.
i love driving and my passion is in music system installation,i learned this skill from my dad whom used to repair cars so while i was young i used to accompany him to the garage and this where i got the skills to set a music system in cars is pretty simple and everyone can do this but it take as profession or a experienced person to do it perfectly and bring the sound out of the speakers correctly and balanced,understanding simple amplifies connection and fixing speakers is what i do perfectly.
grew up with business oriented people so i adapted this from childhood.
After college i became stranded for years and hustle became my way of life i began doing touting at limuru stage and after savings and i managed to take as course in customer service.
A friend got me a job at a car sell yard and this is where i work and get paid monthly 110USD.
i have this young brother of mine and would like to help him achieve is dreams of becoming a air hostess in future.

My Business

my business is done under the same place where am employed and what i do is to fix music system to cars
When a customer wants to sell his or her car he does some repairs and most people are attracted to cars with music so my boss gave me a chance to be doing that to clients whom are interested.
Alongside my salary of 110usd i get two to five cars in a day and charge a fee of 9 USD to install a good music system this sums to a average of 200 usd a month.
I use the money to pay for my brothers school fee and sort my basic needs like paying food,housing and clothing.
i have no typical cost because once a customer buys the system all i do is charge a service fee.
their is demand in this business especial to youths whom buy olskol cars and wants the music system loud.

Loan Proposal

if i get this loan i would use it to buy speakers at 60usd and connection wires at 40usd
this will enable me sale and make profits as i would be paid the service fee plus the money i would get from selling the speakers.
in future when i am done with paying my brothers fees i would also save enough so to start a small workshop for music system installation.
thank you .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jun 12, 2015

Repayment status

On Time

Projected term

5 months

Other loans

Lenders

PG

Paul Graham

United States

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Summary

Amount repaid

$105.28

Amount remaining

$0.00

Date repaid

Nov 20, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Jun 21, 2015 $5.26 Jun 25, 2015 $5.26
Jun 28, 2015 $5.26 Jun 29, 2015 $5.26
Jul 5, 2015 $5.26 Jun 29, 2015 $0.17
Jul 5, 2015 $5.09
Jul 12, 2015 $5.26 Jul 5, 2015 $0.17
Jul 14, 2015 $5.09
Jul 19, 2015 $5.26 Jul 14, 2015 $0.17
Jul 24, 2015 $5.09
Jul 26, 2015 $5.26 Jul 24, 2015 $0.38
Jul 26, 2015 $4.88
Aug 2, 2015 $5.26 Jul 26, 2015 $0.48
Aug 5, 2015 $4.78
Aug 9, 2015 $5.26 Aug 5, 2015 $0.48
Aug 11, 2015 $4.78
Aug 16, 2015 $5.26 Aug 11, 2015 $0.48
Aug 19, 2015 $4.78
Aug 23, 2015 $0.75 Aug 19, 2015 $0.75
Aug 30, 2015 $2.11 Aug 31, 2015 $2.11
Sep 6, 2015 $2.11 Sep 10, 2015 $1.89
Sep 10, 2015 $0.21
Sep 13, 2015 $2.11 Sep 16, 2015 $1.58
Sep 25, 2015 $0.53
Sep 20, 2015 $2.11 Sep 25, 2015 $1.58
Sep 28, 2015 $0.53
Sep 27, 2015 $2.11 Sep 28, 2015 $1.58
Oct 6, 2015 $0.53
Oct 4, 2015 $2.11 Oct 6, 2015 $1.58
Oct 14, 2015 $0.53
Oct 11, 2015 $1.58 Oct 14, 2015 $1.58
Oct 18, 2015 $0.00
Oct 25, 2015 $0.00
Nov 1, 2015 $11.58 Oct 22, 2015 $2.11
Oct 26, 2015 $2.11
Nov 3, 2015 $5.26
Nov 9, 2015 $2.11
Nov 8, 2015 $11.58 Nov 9, 2015 $3.16
Nov 9, 2015 $8.42
Nov 15, 2015 $19.80 Nov 9, 2015 $2.11
Nov 17, 2015 $12.63
Nov 20, 2015 $5.06

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