Purchase of mobile phones spare parts & accessories

Simon

Thika, Kenya

100% repaid

Entrepreneur

Name

Simon

Member since

August 2015

On-time repayments

89 installments  •  80%

About Me

Hallo,i'm Simon kuria from Kenya iam 27 yrs,iam not married,I stay in Thika town starehe estate.I'm raised from a very humble family where i'v 5 siblings and iam the last born in our family.I started casual labour works at rural home after my secondary school where by i was paid ten dollars per month and with my little savings I managed to safe some money and payed a course at my friends workshop of mobile phone repair and after hardwork he employed me.After working for three years I managed to open my own shop in Thika town where by I started phone repairs,and accessories which I have planned to expand if I can get money from any source.

My Business

in my business,i offer mobile phone services and repair,I choose this service to people because in my town most people are less fortunate and when their phone developed a problem not all manage to buy new ones so most prefer to repair the one they have according to their finance capability.
I also sell mobile phone accessories where i buy my stock at wholesale price in capital city Direct from wholesalers at cheap price which enables me to sell them at a reasonable price which makes my customers love my work because of my good price I offer.
The reason why I choosed this kind of job is the town is highly populated and almost everyone owns a mobile phone and according to my experience and skills.
After my monthly transaction balance,i take some of my profit to buy foodstuffs for my parents,and sometimes I visit orphan children's home which are very many in this town.
I will appreciate zidisha loan since it will improve my business in terms of stock and hence help me meet the rising demand of my customers.

Loan Proposal

Dear lenders thank you for giving me these opportunity to borrow in this platform. my business entails in buying and selling mobile phones accessories and repair of mobile phones
If granted this loan I intend to purchase:
1)5Nokia lumia 520 touch screen@ USD 5=USD 25
2)universal mouth piece 200 PC @ USD 20, 3)phone covers for common phones 10pcs@ 20 dollars
4)phone earpiece 100 PCs @30 dollars
5)common phone chargers 40pcs @ 40 dollars.
The remaining dollars I'll use as transport.This stock of accessories and spares will raise my profit margin to 40% since most of the stock I sell at double price.
Thank you in advance for your support i promise to be faithful in repayment,God bless you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Sep 27, 2015

Repayment status

On Time

Projected term

3 months

Lenders

PG

Paul Graham

United States

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  • Tobias    Oct 18, 2017

    I called Simon and confirmed that it will take him some time to start repaying the amount.

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  • Tobias    Sep 7, 2017

    Called Simon and he is made a commitment to start paying as from next month. I have advised him to reschedule the loan which he is agreed to. Thanks

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  • Simon    Aug 3, 2017

    I closed my business due to fear of post election violence and at my business location we were minority tribe hence we were threatened

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  • Simon    Mar 22, 2017

    hallo zidisha thankyou for continuing support I may like to reduce my repayment installation because business has gone down.although its in whole country iam hoping within short time things will turn around and I'll return my normal repayment amount.Thankyou

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  • Simon    Sep 12, 2016

    Dear lenders thankyou for accepting my request and funding my project I have received the money i applied for and with that I will buy mobile phones and stock my shop.God bless you as you help others I wish all my lenders and whole zidishavteam well.God bless you

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  • Simon    Sep 10, 2016

    Dear lenders,thankyou for funding my project iam greatful for your generosity and kind heart.With the amount of money I will be able to add mobile phone stock in my shop and that will raise My profit up to 58%.hence I will be able to visit more children's home,cater for my needs and also create employment opportunity.Thankyou so much for your kind heart may God bless you for your inspiration and generousity .I promise to cooperate and to be faithful in repayment all through.Thankyou

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  • Brian    Sep 9, 2016

    Thanks for the break down of the costs! Would you be able to project the sales price?

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  • Simon    Sep 6, 2016

    Dear lenders,thankyou for your support I'm thankful for your kind heart and trust u have shown towards me.I have completed repaying my second loan and I'm looking forward for you to fund my third loan.Thankyou

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  • Simon    Sep 3, 2016

    Dear lenders,thankyou for your continue support,and your kindness.I recently visited a special home for kids with autisim,hydrocephalous and cerebral palsy disorders where by together with few friends we donated food stuffs,sanitory materials and also hired a physiotherapist to help in their physiotherapy classes.thankyou for helping us since I used some of my profit I make through your support to reach to those kids with special needs thankyou once more.

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  • Simon    Jul 30, 2016

    Dear lenders thankyou for your continuing support,with the little profit I make through the money you lended me,i with several friends including Michael kangethe kariuki we visited familia moja children's home and we donated some food stuffs and sanitary materials.thankyou for your continue support.

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  • Simon    May 28, 2016

    business is raising

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  • Simon    Apr 26, 2016

    low customer turnover

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  • Simon    Jan 27, 2016

    Dear lenders, i am planning to buy cheap mobile phones to cater demand for low income customers in my town. this will help me in to expand my business,creat employment for one person since i am expecting big number of customers and my profit margin will raise. Thankyou so much iam greatful for your kindness

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  • Michael    Jan 20, 2016

    Congratulations for repaying your loan fully,seems your business is doing fine.

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  • Simon    Jan 19, 2016

    My business growth has increased tremendously in stock and even customers,this is because many customers prefer my shop over others because i offer more varieties of what they need and as a result,my profit margin have increased up to 35% hence that makes me have more savings and repay my loan promptly.I would like to thank the whole zidisha team for making it possible for my success.My dear lenders i am appealing to you to please fund my second facility which i am intending to stock affordable mobile phones which are in high demand.Thank you and God bless you

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  • Simon    Nov 30, 2015

    With the money from Zidisha i was able to stock my shop with accessories,and now my customers has seen changes coz they get more variety hence increasing my profit margin.

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  • Charles    Nov 25, 2015

    Hi simon,your business is growing tremedously.Well done

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  • Bedan    Oct 10, 2015

    Greetings simon,wish u well for the great business idea.

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  • Christopher    Oct 10, 2015

    Wow great ideal and nice job,i like that

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    • Simon    Oct 10, 2015

      thankyou Christopher I thank zidisha team and my lenders for making me come this far

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  • Simon    Sep 28, 2015

    Dear lenders,I received the whole amount that i requested on time.Now I will purchase the stock.Thankyou forvyour generosity May God bless you.

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