Mobile accessories to sell at my movie shop

Alfonce

Nairobi, Kenya

32% repaid

Entrepreneur

Name

Alfonce

Member since

February 2018

On-time repayments

25 installments  •  92%

About Me

Am Alfonce Njiru, 23 years old am a part time student at Kenyatta University and a business owner. I come from mbeere, from a family of 4,a brother and two sisters, my role models in life are my parents, they thought me the importance of hard work, honesty and being trustworthy. I carry this values wherever I go, am thankful to God for every thing he's done for me and seeing me through some tough situations, as a family we've had our downfalls but my parents thought me that it doesn't matter how many times I fall but how many times I get up.
currently am a part time student, I wouldnt be a full-time student due to financial challenges, I have other siblings who depend on my parents so I had to consider their situation. For that reason I decided to start a small business which helps me carter for my basic needs and give a hand in my tuition fees as well.

My Business

I run a small movie shop, both retail and online, for my online platform I depend mostly on Facebook to get my clients. I also sell to some of my schoolmates have helped me advertise my products to their friends, all I got to do is be on top of my game, make sure I have fresh movies ontime this helps me maintain my clients.
I buy blank DVDs which I use to duplicate movies at 12 dollars for 100 pieces, the I sell a DVD at 0.5 dollars, I make 50 dollars from the whole pack after I take away all the expenses I incur i.e Internet, transport, packing and dvds I make a profit of 20 dollars,
I would like to add more services like printing and mobile money transfer services, this will help me earn more income to help me improve my situation.
I sincerely hope that this platform will help me achieve that.

Loan Proposal

i would like to expand the products i sell at my movies shop. i will use this loan to help me get a stock of mobile accessories to sell, i will invest as follows:
1. mobile chargers for 25 dollars at 1.5 dollars per a charger then sell them for 2 dollars per a charger.
2. memory cards for 20 dollars, i will buy memory cards of different capacity to sell like for 2gb, 4gb, 8gb and 16gb, for the memory cards the price vary depending on its capacity, i will get a few peaces of each for the start.
3. usb flash drive, i will invest 20 dollars on this same as memory cards i will have buy a few pieces for the start.
4. back covers for phones, i will invest 20 dollars to buy the back covers.

introducing this products will help me earn more, i hope you will consider funding my loan. thanks for your support and may God bless you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$86.00

Date disbursed

Jun 26, 2018

Repayment status

Late

Projected term

2 months

Lenders

Cloudways

Malta, Malta

I

Iamzwolf

Middletown, United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

FD

Florin Draghici

United Kingdom

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Summary

Amount repaid

$27.24

Amount remaining

$59.13

Expected completion

Sep 10, 2018

Status

Repaying late

Installment amount

$34.49

Repayment History

Expected Payments Actual Payments
Jul 9, 2018 $17.74 Jul 9, 2018 $17.74
Jul 16, 2018 $0.00
Jul 23, 2018 $1.00 Jul 21, 2018 $1.00
Jul 30, 2018 $1.00 Jul 21, 2018 $1.00
Aug 6, 2018 $1.00 Jul 21, 2018 $1.00
Aug 13, 2018 $1.00 Jul 21, 2018 $1.00
Aug 20, 2018 $1.00 Jul 21, 2018 $1.00
Aug 27, 2018 $4.52 Jul 30, 2018 $4.52
Sep 3, 2018 $34.49
Sep 10, 2018 $24.64

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