Purchase of fast moving mobile phones for my shop
Pius
Thika, Kenya
37% repaid
Entrepreneur
Name
Pius
Member since
January 2015
On-time repayments
210 installments • 15%
About Me
My names are Pius Kimani Kariuki 30 years old from Kenya. I am married and blessed with two children, the first born is in primary class 1 and the last born is now 1 year old. I reside in Makongeni estate approximately 5 km east of Thika town. After completing college I got employment in gas filling station situated in Thika town as a supervisor for a period of 3 years. Later on I was employed in Pakimas Investment Company as a regional manager, the company deals with management of real estate and buying and selling of properties. I have worked for that company from 2010 to present. Through my salary I have been able to meet my family needs, paying school fees for my daughter and have started a small business which I have had plans to expand it if only I can have other source of money other than my salary only.
My Business
Through contributions from my salary I was able to start an Mpesa and mobile phones & accessories shop. The shop is situated at Gakui estate of Thika town that area is highly populated because of workers from coffee factories who live there and this leads to business competition. I purchase my stock direct from distributors at a lower price and this enables me sell them to my customers at a reasonable price. The profit margin rises as the sales rises.
Examples:-
1). I buy a Nokia 1200 series from distributor at $ 20 and sell it at $ 28 so I make a profit of $ 8. If I can have more capital it would enable me buy more phones and my profit margin would highly rise due to more sales I can make in a day.
2). Mpesa which Zidisha uses to disburse money to Kenya borrowers has become the largest money transfer in Kenya. Since I am an agent of Mpesa I experience challenges of float (Mpesa money) which sometimes makes me serve less than 100 people in a day and thus not meeting the high demands from my customers. However if I can secure more money I can comfortably serve as many people as I can and maintain daily customers and this would make my profit margin increase up to 65%.
I am therefore looking forward to be empowered by Zidisha platform of lending and being optimistic that I will secure loans which will boost my business to the next level.
Loan Proposal
Dear lenders,
I take this golden opportunity to thank you all for granting me my previous loan that enabled me purchase mobile phone accessories which raised my sale up 20%. I am planning to restock my business with fast moving mobile phones which is commonly used in rural towns and due to friendly prices. The demand from my customers has been very high and this loan will be of great help to complement my savings.
When granted this loan I intend to purchase:-
1). 4 Nokia 1200 seris @ USD 20 = USD 80
2). 3 Tecno mobile phones @ USD 20 = USD 60
3). 4 Itel mobile phones @ USD 15 =USD 60
3]. 4 Itex mobile phones @ USD 15 = USD 60
The remaining dollars will be used to purchase mobile phone accessories.
This stock of mobile phones will increase my profit margin with 40%
I promise to remain faithful in in repayment. Thank you lenders for supporting my project.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$264.00
Date disbursed
Apr 13, 2015
Repayment status
Late
Projected term
48 months
Other loans
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United States
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Summary
Amount repaid
$101.31
Amount remaining
$176.24
Expected completion
Mar 31, 2019
Status
Repaying late
Installment amount
$1.17
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Apr 26, 2015 | $19.82 | Apr 26, 2015 | $19.82 |
| May 3, 2015 | $19.82 | May 10, 2015 | $19.82 |
| May 10, 2015 | $19.44 | Jun 10, 2015 | $19.44 |
| May 17, 2015 | $0.00 | ||
| May 24, 2015 | $0.00 | ||
| May 31, 2015 | $0.00 | ||
| Jun 7, 2015 | $0.00 | ||
| Jun 14, 2015 | $5.56 | Jun 13, 2015 | $5.56 |
| Jun 21, 2015 | $5.56 | Jun 21, 2015 | $5.56 |
| Jun 28, 2015 | $0.00 | ||
| Jul 5, 2015 | $0.00 | ||
| Jul 12, 2015 | $0.00 | ||
| Jul 19, 2015 | $0.00 | ||
| Jul 26, 2015 | $0.00 | ||
| Aug 2, 2015 | $2.22 | Jul 30, 2015 | $2.22 |
| Aug 9, 2015 | $2.22 | Jul 30, 2015 | $2.22 |
| Aug 16, 2015 | $2.22 | Jul 30, 2015 | $2.22 |
| Aug 23, 2015 | $2.22 | Sep 5, 2015 | $2.22 |
| Aug 30, 2015 | $2.22 | Sep 5, 2015 | $2.22 |
| Sep 6, 2015 | $2.22 | Sep 5, 2015 | $2.22 |
| Sep 13, 2015 | $0.00 | ||
| Sep 20, 2015 | $0.00 | ||
| Sep 27, 2015 | $0.00 | ||
| Oct 4, 2015 | $0.00 | ||
| Oct 11, 2015 | $0.00 | ||
| Oct 18, 2015 | $0.00 | ||
| Oct 25, 2015 | $0.00 | ||
| Nov 1, 2015 | $0.00 | ||
| Nov 8, 2015 | $0.00 | ||
| Nov 15, 2015 | $0.00 | ||
| Nov 22, 2015 | $0.00 | ||
| Nov 29, 2015 | $0.00 | ||
| Dec 6, 2015 | $0.00 | ||
| Dec 13, 2015 | $0.00 | ||
| Dec 20, 2015 | $0.00 | ||
| Dec 27, 2015 | $0.00 | ||
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $0.00 | ||
| Jan 17, 2016 | $0.00 | ||
| Jan 24, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Jan 31, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Feb 7, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Feb 14, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Feb 21, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Feb 28, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Mar 6, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Mar 13, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Mar 20, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Mar 27, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Apr 3, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Apr 10, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Apr 17, 2016 | $1.17 | Jan 21, 2016 | $1.17 |
| Apr 24, 2016 | $1.17 | Jan 21, 2016 | $0.39 |
| Apr 1, 2019 | $0.78 | ||
| May 1, 2016 | $1.17 | Apr 1, 2019 | $1.17 |
| May 8, 2016 | $1.17 | Apr 1, 2019 | $0.28 |
| May 15, 2016 | $1.17 | ||
| May 22, 2016 | $1.17 | ||
| May 29, 2016 | $1.17 | ||
| Jun 5, 2016 | $1.17 | ||
| Jun 12, 2016 | $1.17 | ||
| Jun 19, 2016 | $1.17 | ||
| Jun 26, 2016 | $1.17 | ||
| Jul 3, 2016 | $1.17 | ||
| Jul 10, 2016 | $1.17 | ||
| Jul 17, 2016 | $1.17 | ||
| Jul 24, 2016 | $1.17 | ||
| Jul 31, 2016 | $1.17 | ||
| Aug 7, 2016 | $1.17 | ||
| Aug 14, 2016 | $1.17 | ||
| Aug 21, 2016 | $1.17 | ||
| Aug 28, 2016 | $1.17 | ||
| Sep 4, 2016 | $1.17 | ||
| Sep 11, 2016 | $1.17 | ||
| Sep 18, 2016 | $1.17 | ||
| Sep 25, 2016 | $1.17 | ||
| Oct 2, 2016 | $1.17 | ||
| Oct 9, 2016 | $1.17 | ||
| Oct 16, 2016 | $1.17 | ||
| Oct 23, 2016 | $1.17 | ||
| Oct 30, 2016 | $1.17 | ||
| Nov 6, 2016 | $1.17 | ||
| Nov 13, 2016 | $1.17 | ||
| Nov 20, 2016 | $1.17 | ||
| Nov 27, 2016 | $1.17 | ||
| Dec 4, 2016 | $1.17 | ||
| Dec 11, 2016 | $1.17 | ||
| Dec 18, 2016 | $1.17 | ||
| Dec 25, 2016 | $1.17 | ||
| Jan 1, 2017 | $1.17 | ||
| Jan 8, 2017 | $1.17 | ||
| Jan 15, 2017 | $1.17 | ||
| Jan 22, 2017 | $1.17 | ||
| Jan 29, 2017 | $1.17 | ||
| Feb 5, 2017 | $1.17 | ||
| Feb 12, 2017 | $1.17 | ||
| Feb 19, 2017 | $1.17 | ||
| Feb 26, 2017 | $1.17 | ||
| Mar 5, 2017 | $1.17 | ||
| Mar 12, 2017 | $1.17 | ||
| Mar 19, 2017 | $1.17 | ||
| Mar 26, 2017 | $1.17 | ||
| Apr 2, 2017 | $1.17 | ||
| Apr 9, 2017 | $1.17 | ||
| Apr 16, 2017 | $1.17 | ||
| Apr 23, 2017 | $1.17 | ||
| Apr 30, 2017 | $1.17 | ||
| May 7, 2017 | $1.17 | ||
| May 14, 2017 | $1.17 | ||
| May 21, 2017 | $1.17 | ||
| May 28, 2017 | $1.17 | ||
| Jun 4, 2017 | $1.17 | ||
| Jun 11, 2017 | $1.17 | ||
| Jun 18, 2017 | $1.17 | ||
| Jun 25, 2017 | $1.17 | ||
| Jul 2, 2017 | $1.17 | ||
| Jul 9, 2017 | $1.17 | ||
| Jul 16, 2017 | $1.17 | ||
| Jul 23, 2017 | $1.17 | ||
| Jul 30, 2017 | $1.17 | ||
| Aug 6, 2017 | $1.17 | ||
| Aug 13, 2017 | $1.17 | ||
| Aug 20, 2017 | $1.17 | ||
| Aug 27, 2017 | $1.17 | ||
| Sep 3, 2017 | $1.17 | ||
| Sep 10, 2017 | $1.17 | ||
| Sep 17, 2017 | $1.17 | ||
| Sep 24, 2017 | $1.17 | ||
| Oct 1, 2017 | $1.17 | ||
| Oct 8, 2017 | $1.17 | ||
| Oct 15, 2017 | $1.17 | ||
| Oct 22, 2017 | $1.17 | ||
| Oct 29, 2017 | $1.17 | ||
| Nov 5, 2017 | $1.17 | ||
| Nov 12, 2017 | $1.17 | ||
| Nov 19, 2017 | $1.17 | ||
| Nov 26, 2017 | $1.17 | ||
| Dec 3, 2017 | $1.17 | ||
| Dec 10, 2017 | $1.17 | ||
| Dec 17, 2017 | $1.17 | ||
| Dec 24, 2017 | $1.17 | ||
| Dec 31, 2017 | $1.17 | ||
| Jan 7, 2018 | $1.17 | ||
| Jan 14, 2018 | $1.17 | ||
| Jan 21, 2018 | $1.17 | ||
| Jan 28, 2018 | $1.17 | ||
| Feb 4, 2018 | $1.17 | ||
| Feb 11, 2018 | $1.17 | ||
| Feb 18, 2018 | $1.17 | ||
| Feb 25, 2018 | $1.17 | ||
| Mar 4, 2018 | $1.17 | ||
| Mar 11, 2018 | $1.17 | ||
| Mar 18, 2018 | $1.17 | ||
| Mar 25, 2018 | $1.17 | ||
| Apr 1, 2018 | $1.17 | ||
| Apr 8, 2018 | $1.17 | ||
| Apr 15, 2018 | $1.17 | ||
| Apr 22, 2018 | $1.17 | ||
| Apr 29, 2018 | $1.17 | ||
| May 6, 2018 | $1.17 | ||
| May 13, 2018 | $1.17 | ||
| May 20, 2018 | $1.17 | ||
| May 27, 2018 | $1.17 | ||
| Jun 3, 2018 | $1.17 | ||
| Jun 10, 2018 | $1.17 | ||
| Jun 17, 2018 | $1.17 | ||
| Jun 24, 2018 | $1.17 | ||
| Jul 1, 2018 | $1.17 | ||
| Jul 8, 2018 | $1.17 | ||
| Jul 15, 2018 | $1.17 | ||
| Jul 22, 2018 | $1.17 | ||
| Jul 29, 2018 | $1.17 | ||
| Aug 5, 2018 | $1.17 | ||
| Aug 12, 2018 | $1.17 | ||
| Aug 19, 2018 | $1.17 | ||
| Aug 26, 2018 | $1.17 | ||
| Sep 2, 2018 | $1.17 | ||
| Sep 9, 2018 | $1.17 | ||
| Sep 16, 2018 | $1.17 | ||
| Sep 23, 2018 | $1.17 | ||
| Sep 30, 2018 | $1.17 | ||
| Oct 7, 2018 | $1.17 | ||
| Oct 14, 2018 | $1.17 | ||
| Oct 21, 2018 | $1.17 | ||
| Oct 28, 2018 | $1.17 | ||
| Nov 4, 2018 | $1.17 | ||
| Nov 11, 2018 | $1.17 | ||
| Nov 18, 2018 | $1.17 | ||
| Nov 25, 2018 | $1.17 | ||
| Dec 2, 2018 | $1.17 | ||
| Dec 9, 2018 | $1.17 | ||
| Dec 16, 2018 | $1.17 | ||
| Dec 23, 2018 | $1.17 | ||
| Dec 30, 2018 | $1.17 | ||
| Jan 6, 2019 | $1.17 | ||
| Jan 13, 2019 | $1.17 | ||
| Jan 20, 2019 | $1.17 | ||
| Jan 27, 2019 | $1.17 | ||
| Feb 3, 2019 | $1.17 | ||
| Feb 10, 2019 | $1.17 | ||
| Feb 17, 2019 | $1.17 | ||
| Feb 24, 2019 | $1.17 | ||
| Mar 3, 2019 | $1.17 | ||
| Mar 10, 2019 | $1.17 | ||
| Mar 17, 2019 | $1.17 | ||
| Mar 24, 2019 | $1.17 | ||
| Mar 31, 2019 | $0.36 | ||
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