Project mobile phone repair venture

Ali

Nairobi , Kenya

Funds disbursed

$0 to go

100% funded of $5 goal

0

days left

Entrepreneur

Name

Ali

Member since

April 2017

On-time repayments

6 installments  •  0%

About Me

Ali Suleiman Pepo, proprietor of sisters phones and accessories.A company that sells and repairs mobile phones. started off small with 5 phones and a handful of dummy phones and mostly getting phones I didn't have in my stock from other retailers, sell, pay the cost and keep the profit. Used the profit for personal expenses and kept some savings which I used to gradually increase my stock.faced alot of challenges the biggest being competing with major phone retailers who naturally had lower phone costs and subsequently lower retail prices as they took advantage of economies of scale.

My Business

My phone selling part of the business earns an average of1000 dollars a month before expenses.looking to move from micro repairs of phones to something substantially major. need a much bigger space and modern equipment to accomplish this.

Loan Proposal

buy phone dismantling and remounting equipment.this include star screwdrivers for three hundred kenya shillings and b2000 glue for one hundred and fifty Kenya shillings

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

May 6, 2017

Repayment status

Late

Projected term

6 weeks

Lenders

Humble Bundle Community

San Francisco, United States

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