Entrepreneur
Name
Martin
Member since
February 2015
On-time repayments
73 installments • 53%
About Me
My is Martin Otieno I live in Kitale Trans-nzoia county. I was brought up in Kisumu, Nyanza region. I am the first born in a family of 2 siblings. My parents died in a road accident when I was only five years and so my brother and I were left as orphans. My uncle took care of us, so we moved from Kisumu to Kitale.
I managed to finish my primary and secondary education and I passed very well. I could not join college because my uncle had his own children who were still schooling. By Gods grace well wishers and neighbors did a fundraising and I went to college where I studied electrical and electronics studying part time, during the other time I worked as a cleaner in a supermarket in Kitale town where the little salary I got I used to pay fees for my younger brother, and save for my studies. In college I attained a diploma in electrical and electronics. After graduating from college I was promoted from a cleaner to a sales representative in electrical and electronic department. I later started my own business of electronics repair.
My hobbies are traveling, socializing, listening to music and reading.
My Business
My business is located along Kitale, Kapenguria highway next to Kapenguria bus station. It deals with electronics repair such as television, mobile phones, and radios. The business is ideal because this location is populated and there is no competition. Having necessary knowledge in this business am able to handle different kinds of customers. I get $300 every month, I use the profit to pay electricity bill, rent, re-invest and pay fees for my brother.
My dream and aim is to expand this business to different parts of the town.
Loan Proposal
Thank you lenders and Zidisha community for the previous loan which changed my life and my business .Through zidisha loan my profit margin went up by 30%.
I used the profit to pay my monthly bills and re invest further in electronic spare parts.
When given this second loan i would use it to add more stock of electronics i.e ICs,Resistors,Diodes,Transistors and phone parts.
This will push my business up and increase my profits to around 40% since i already have ready market.This is from the clients who come for repair since they will have to buy the replacement parts from my shop and i will also get customers from the nearby workshops since they dont stock spare parts.
estimated budget:
Electronic spares $150
phone spares $50
Thank you in advance for your consideration.
When given this loan i will be able to improve my livelihood and pay this loan without strain.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$203.00
Date disbursed
May 13, 2015
Repayment status
On Time
Projected term
3 months
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Summary
Amount repaid
$213.42
Amount remaining
$0.00
Date repaid
Jun 23, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 24, 2015 | $13.33 | May 23, 2015 | $13.33 |
| May 31, 2015 | $13.33 | May 23, 2015 | $4.44 |
| May 28, 2015 | $8.89 | ||
| Jun 7, 2015 | $13.33 | May 28, 2015 | $4.44 |
| Jun 7, 2015 | $8.89 | ||
| Jun 14, 2015 | $13.33 | Jun 11, 2015 | $13.33 |
| Jun 21, 2015 | $13.33 | Jun 12, 2015 | $13.33 |
| Jun 28, 2015 | $13.33 | Jun 12, 2015 | $8.89 |
| Jun 16, 2015 | $4.44 | ||
| Jul 5, 2015 | $13.33 | Jun 16, 2015 | $13.33 |
| Jul 12, 2015 | $13.33 | Jun 16, 2015 | $11.11 |
| Jun 19, 2015 | $2.22 | ||
| Jul 19, 2015 | $13.33 | Jun 19, 2015 | $13.33 |
| Jul 26, 2015 | $13.33 | Jun 19, 2015 | $13.33 |
| Aug 2, 2015 | $13.33 | Jun 19, 2015 | $13.33 |
| Aug 9, 2015 | $13.33 | Jun 19, 2015 | $7.78 |
| Jun 23, 2015 | $5.56 | ||
| Aug 16, 2015 | $13.33 | Jun 23, 2015 | $13.33 |
| Aug 23, 2015 | $13.33 | Jun 23, 2015 | $13.33 |
| Aug 30, 2015 | $13.33 | Jun 23, 2015 | $13.33 |
| Sep 6, 2015 | $13.42 | Jun 23, 2015 | $13.42 |
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