Mobile phone inventory for my cybercafe and electronics shop
John Njoroge
Neema Estate-nyahururu Sub-county-nyandarua County-kenya., Kenya
100% repaid
Entrepreneur
Name
John Njoroge
Member since
April 2016
On-time repayments
167 installments • 99%
About Me
I was born and raised around Nakuru town in the Rift Valley Province of Kenya. I have a degree in education from Moi university in Kenya.
After my college education, I could not get formal employment and had to work as a 'matatu ' driver ferrying passengers from one town to another for two years.
I used the little amount of money that I had saved plus some more which I was loaned by a relative to start my business.
My country, Kenya, has extraordinary beauty both in terms geography and contrasting cultures from 42 diverse tribes. It's a choice destination for many tourists from all over the world.
I have a son who wishes to take up my hobby in computers and software as his future professional job.
My Business
I have a cybercafe and small retail shop that deals in electronic accessories.
The cybercafe caters to the people who need fast internet services, especially for government services accessed through the internet, e.g., the e-citizen website.
The retail shop sells small accessories such as phone chargers and batteries to people on transit through the town. I like my business as it augments my hobby in computers.
On average, my monthly costs range from KSh 20,000 to KSh 30,000 while revenues range from KSh 40,000 to KSh 60,000. The proceeds from the ventures are used for household needs, school fees, investment and some for recreational activities.
Loan Proposal
With my next loan,I want to increase my inventory of mobile phones .I have noted that my customers need not only feature phones but also need medium quality android phones.
Thus with this loan I will introduce phones ranging from 50 usd to 70 Usd for those customers that my need them.Such customers desire higher internet speeds for their mobile phones and better build quality.Higher internet speed means phones with atleast 3g connectivity.
The phones I will be supplying will have these quality for my customers.
The most common brands used in Kenya today are tecno and infinix .Both are Chinese brands that produce phones with good specifications at very low prices.
I intend to increase my phone stock by about six new phones from these two brands.
About Me
I was born and raised around Nakuru town in the rift valley province of Kenya.I have a degree in education from Moi university in Kenya.
After my college education I could not get formal employment and had to work as a 'matatu ' driver ferrying passengers from one town to another for two years.
I used the little amount of money that I had saved plus some more which I was loaned by a relative to start my business.
My country Kenya has extraordinary beauty both in terms geography and contrasting cultures from 42 diverse tribes.Its a choice destination for many tourists from all over the world.
I have a son who wishes to take up my hobby in computers and software as his future professional job.
My Business
I have a cyber cafe and small retail shop that deals in electronic accessories.
The cyber cafe caters for the people who need fast internet services especially for government services accessed through the internet e.g the e-citizen website.
The retail shop sells small accessories such as phone chargers and batteries to people on transit through the town.
I like the my business as it augments my hobby in computers
On average my monthly costs range from ksh 20000 to ksh 30000 while revenues range from ksh 40000 to ksh 60000.
The proceeds from the ventures are used for household needs,school fees ,investment and some for recreational activities.
Loan Proposal
With my next loan,I want to increase my inventory of mobile phones .I have noted that my customers need not only feature phones but also need medium quality android phones.
Thus with this loan I will introduce phones ranging from 50 usd to 70 Usd for those customers that my need them.Such customers desire higher internet speeds for their mobile phones and better build quality.Higher internet speed means phones with atleast 3g connectivity.
The phones I will be supplying will have these quality for my customers.
The most common brands used in Kenya today are tecno and infinix .Both are Chinese brands that produce phones with good specifications at very low prices.
I intend to increase my phone stock by about six new phones from these two brands.
Feedback
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$353.00
Date disbursed
Jun 16, 2017
Repayment status
On Time
Projected term
4 months
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Summary
Amount repaid
$352.77
Amount remaining
$0.00
Date repaid
Oct 6, 2017
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 24, 2017 | $19.76 | Jun 24, 2017 | $19.76 |
| Jul 1, 2017 | $19.76 | Jul 1, 2017 | $19.76 |
| Jul 8, 2017 | $19.76 | Jul 1, 2017 | $9.88 |
| Jul 8, 2017 | $9.88 | ||
| Jul 15, 2017 | $19.76 | Jul 8, 2017 | $19.76 |
| Jul 22, 2017 | $19.76 | Jul 15, 2017 | $19.76 |
| Jul 29, 2017 | $19.76 | Jul 22, 2017 | $19.76 |
| Aug 5, 2017 | $19.76 | Jul 29, 2017 | $19.76 |
| Aug 12, 2017 | $19.76 | Aug 5, 2017 | $19.76 |
| Aug 19, 2017 | $19.76 | Aug 12, 2017 | $19.76 |
| Aug 26, 2017 | $19.76 | Aug 19, 2017 | $19.76 |
| Sep 2, 2017 | $19.76 | Aug 26, 2017 | $19.76 |
| Sep 9, 2017 | $19.76 | Sep 2, 2017 | $19.76 |
| Sep 16, 2017 | $19.76 | Sep 9, 2017 | $19.76 |
| Sep 23, 2017 | $19.76 | Sep 16, 2017 | $19.76 |
| Sep 30, 2017 | $19.76 | Sep 16, 2017 | $4.94 |
| Sep 23, 2017 | $14.82 | ||
| Oct 7, 2017 | $19.76 | Sep 23, 2017 | $4.94 |
| Sep 30, 2017 | $14.82 | ||
| Oct 14, 2017 | $19.76 | Sep 30, 2017 | $4.94 |
| Oct 6, 2017 | $14.82 | ||
| Oct 21, 2017 | $16.91 | Oct 6, 2017 | $4.94 |
| Oct 7, 2017 | $11.97 | ||
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