Ali
Nairobi , Kenya
$0 to go
100% funded of $5 goal
0
days left
Name
Ali
Member since
April 2017
On-time repayments
6 installments • 0%
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 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.
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
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$5.00
Date disbursed
May 6, 2017
Repayment status
Late
Projected term
6 weeks
Amount repaid
$0.00
Amount remaining
$5.18
Expected completion
Jun 18, 2017
Status
Repaying late
Installment amount
$0.99
Expected Payments | Actual Payments | ||
---|---|---|---|
May 14, 2017 | $0.99 | ||
May 21, 2017 | $0.99 | ||
May 28, 2017 | $0.99 | ||
Jun 4, 2017 | $0.99 | ||
Jun 11, 2017 | $0.99 | ||
Jun 18, 2017 | $0.25 |
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