Setting up a small mobile-phone accessories business
David
Nairobi, Kenya
100% repaid
Entrepreneur
Name
David
Member since
June 2015
On-time repayments
304 installments • 98%
About Me
I was born in a rural town in Kenya called Machakos. I spent most of my early childhood observing my grandparents as they did farming, though at that time most it was mostly subsistence farming. It's from this that I grew to love farming. Even after moving to the city, I still had that passion. That is why I took on farming as a hobby and eventually I have turned it into a money making venture.
I'm an information system administrator in the hospitality industry. In this role,
I'm tasked with assisting the IT manager in the provision of IT services for the hotel and the deployment of IT department requirements. I'm a qualified Computer technician and hold a diploma in computing from NCC education level 4 (QCF).
My Business
At the moment, I'm doing horticulture farming i.e., tomatoes and corianders as well as maize farming. Basically, I farm anything which is in the season and which has the prospect of giving me a good return. Initially, I was doing this as a hobby but after seeing that it gives good returns, I turned it into a business. Currently, I have employed several people who are managing my rented farms as I don't do it full time.
Most of the profits I get from the business I have invested back into it by expanding the size of the farm I rent and buying machinery I need. At the moment I'm saving money so that I can buy my own land.
Loan Proposal
My little brother just finished school and I will like to open a small shop for him that does sell mobile phones accessories. This is because everyone has a mobile phone and they will need some accessories to replace broken parts. He will also do repair because he has knowledge for it and he has been trained.
About Me
I was born in rural town in Kenya called Machakos and spent most of my early childhood observing my grandparents as they do farming though at that time most it was mostly subsistence farming. Its from this I grew to love farming and even after moving to the city I still had that passion. That is why I took farming as hobby and eventually I have turn into in to a money making venture.
I'm an Information system administrator in hospitality industry. In this role,
I'm tasked with assisting the IT manager in the provision of IT services for the hotel and the deployment of IT department requirements.
I'm a qualified Computer technician with and holds a diploma in Computing from NCC education level 4 (QCF).
My Business
At the moment I'm doing horticulture farming I.e Tomatoes and corianders as well as Maize farming. Basically I farming anything which is in the season and which has prospect of give me a good return.
Initially I was doing this as hobby but after see that it gives good returns I turn it into a business. currently have employed severals people who are managing my rented farms as I don't do it full time.
Most of the profits I get from the business I have invested back into it by expanding the size of the farm I rent and buying machinery need. At the moment I'm saving money so that I can buy my own land.
Loan Proposal
My little brother just finished school and I will like to open a small shop for him that does sell mobile phones accessories. This is because everyone has a mobile phone and they will need some accessories to replace broken parts. He will also do repair because he has knowledge for it and he has been trained.
Feedback
Positive
3
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,246.00
Date disbursed
Feb 27, 2020
Repayment status
On Time
Projected term
24 months
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Summary
Amount repaid
$1,246.56
Amount remaining
$0.00
Date repaid
Feb 17, 2022
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Mar 5, 2020 | $29.56 | Mar 6, 2020 | $29.56 |
| Mar 12, 2020 | $29.56 | Mar 12, 2020 | $29.56 |
| Mar 19, 2020 | $29.56 | Mar 19, 2020 | $29.56 |
| Mar 26, 2020 | $29.56 | Mar 26, 2020 | $29.56 |
| Apr 2, 2020 | $4.93 | Apr 1, 2020 | $4.93 |
| Apr 9, 2020 | $4.93 | Apr 11, 2020 | $4.93 |
| Apr 16, 2020 | $4.93 | Apr 17, 2020 | $4.93 |
| Apr 23, 2020 | $4.93 | Apr 25, 2020 | $4.93 |
| Apr 30, 2020 | $4.93 | May 2, 2020 | $4.93 |
| May 7, 2020 | $4.94 | May 9, 2020 | $4.94 |
| May 14, 2020 | $4.94 | May 15, 2020 | $4.94 |
| May 21, 2020 | $4.94 | May 21, 2020 | $4.94 |
| May 28, 2020 | $4.94 | May 28, 2020 | $4.94 |
| Jun 4, 2020 | $4.94 | Jun 4, 2020 | $4.94 |
| Jun 11, 2020 | $9.87 | Jun 6, 2020 | $4.94 |
| Jun 12, 2020 | $4.94 | ||
| Jun 18, 2020 | $4.94 | Jun 19, 2020 | $4.94 |
| Jun 25, 2020 | $4.94 | Jun 25, 2020 | $4.94 |
| Jul 2, 2020 | $4.94 | Jul 3, 2020 | $4.94 |
| Jul 9, 2020 | $4.94 | Jul 11, 2020 | $4.94 |
| Jul 16, 2020 | $4.94 | Jul 17, 2020 | $4.94 |
| Jul 23, 2020 | $0.00 | ||
| Jul 30, 2020 | $4.94 | Jul 25, 2020 | $4.94 |
| Aug 6, 2020 | $4.94 | Jul 31, 2020 | $4.94 |
| Aug 13, 2020 | $4.94 | Aug 7, 2020 | $4.94 |
| Aug 20, 2020 | $4.94 | Aug 21, 2020 | $4.94 |
| Aug 27, 2020 | $4.94 | Aug 21, 2020 | $4.94 |
| Sep 3, 2020 | $10.35 | Aug 21, 2020 | $0.47 |
| Aug 29, 2020 | $4.94 | ||
| Sep 5, 2020 | $4.94 | ||
| Sep 10, 2020 | $4.94 | Sep 12, 2020 | $4.94 |
| Sep 17, 2020 | $4.94 | Sep 21, 2020 | $4.94 |
| Sep 24, 2020 | $4.94 | Sep 28, 2020 | $4.94 |
| Oct 1, 2020 | $4.94 | Oct 3, 2020 | $4.94 |
| Oct 8, 2020 | $0.00 | ||
| Oct 15, 2020 | $0.00 | ||
| Oct 22, 2020 | $1.00 | Oct 3, 2020 | $1.00 |
| Oct 29, 2020 | $1.00 | Oct 3, 2020 | $1.00 |
| Nov 5, 2020 | $1.00 | Oct 3, 2020 | $1.00 |
| Nov 12, 2020 | $11.82 | Oct 3, 2020 | $1.95 |
| Oct 10, 2020 | $4.94 | ||
| Oct 17, 2020 | $4.93 | ||
| Nov 19, 2020 | $0.00 | ||
| Nov 26, 2020 | $0.00 | ||
| Dec 3, 2020 | $4.94 | Oct 17, 2020 | $0.01 |
| Dec 3, 2020 | $4.93 | ||
| Dec 10, 2020 | $4.94 | Dec 12, 2020 | $4.94 |
| Dec 17, 2020 | $4.94 | Dec 19, 2020 | $4.94 |
| Dec 24, 2020 | $4.94 | Dec 26, 2020 | $4.94 |
| Dec 31, 2020 | $4.94 | Jan 3, 2021 | $4.94 |
| Jan 7, 2021 | $4.94 | Jan 8, 2021 | $4.94 |
| Jan 14, 2021 | $0.00 | ||
| Jan 21, 2021 | $11.12 | Jan 26, 2021 | $11.12 |
| Jan 28, 2021 | $11.12 | Jan 28, 2021 | $11.12 |
| Feb 4, 2021 | $11.12 | Feb 5, 2021 | $11.12 |
| Feb 11, 2021 | $11.12 | Feb 11, 2021 | $11.12 |
| Feb 18, 2021 | $11.12 | Feb 19, 2021 | $11.12 |
| Feb 25, 2021 | $11.12 | Feb 25, 2021 | $11.12 |
| Mar 4, 2021 | $11.12 | Mar 4, 2021 | $11.12 |
| Mar 11, 2021 | $11.12 | Mar 11, 2021 | $11.12 |
| Mar 18, 2021 | $11.12 | Mar 18, 2021 | $11.12 |
| Mar 25, 2021 | $11.12 | Mar 25, 2021 | $11.12 |
| Apr 1, 2021 | $11.12 | Apr 1, 2021 | $11.12 |
| Apr 8, 2021 | $11.12 | Apr 8, 2021 | $11.12 |
| Apr 15, 2021 | $11.12 | Apr 16, 2021 | $11.12 |
| Apr 22, 2021 | $11.12 | Apr 23, 2021 | $11.12 |
| Apr 29, 2021 | $11.12 | Apr 30, 2021 | $11.12 |
| May 6, 2021 | $11.12 | May 6, 2021 | $11.12 |
| May 13, 2021 | $11.12 | May 13, 2021 | $11.12 |
| May 20, 2021 | $11.12 | May 20, 2021 | $11.12 |
| May 27, 2021 | $11.12 | May 27, 2021 | $11.12 |
| Jun 3, 2021 | $11.12 | Jun 3, 2021 | $11.12 |
| Jun 10, 2021 | $11.12 | Jun 10, 2021 | $11.12 |
| Jun 17, 2021 | $11.12 | Jun 18, 2021 | $11.12 |
| Jun 24, 2021 | $11.12 | Jun 24, 2021 | $11.12 |
| Jul 1, 2021 | $11.12 | Jul 1, 2021 | $11.12 |
| Jul 8, 2021 | $11.12 | Jul 8, 2021 | $11.12 |
| Jul 15, 2021 | $16.04 | Jul 15, 2021 | $16.04 |
| Jul 22, 2021 | $16.04 | Jul 22, 2021 | $16.04 |
| Jul 29, 2021 | $16.04 | Jul 29, 2021 | $16.04 |
| Aug 5, 2021 | $16.04 | Aug 6, 2021 | $16.04 |
| Aug 12, 2021 | $16.04 | Aug 13, 2021 | $16.04 |
| Aug 19, 2021 | $16.04 | Aug 20, 2021 | $16.04 |
| Aug 26, 2021 | $16.04 | Aug 26, 2021 | $16.04 |
| Sep 2, 2021 | $16.04 | Sep 3, 2021 | $16.04 |
| Sep 9, 2021 | $16.04 | Sep 10, 2021 | $16.04 |
| Sep 16, 2021 | $16.04 | Sep 16, 2021 | $16.04 |
| Sep 23, 2021 | $16.04 | Sep 23, 2021 | $16.04 |
| Sep 30, 2021 | $16.04 | Sep 30, 2021 | $16.04 |
| Oct 7, 2021 | $16.04 | Oct 7, 2021 | $16.04 |
| Oct 14, 2021 | $16.04 | Oct 14, 2021 | $16.04 |
| Oct 21, 2021 | $16.04 | Oct 21, 2021 | $16.04 |
| Oct 28, 2021 | $16.04 | Oct 29, 2021 | $16.04 |
| Nov 4, 2021 | $16.04 | Nov 4, 2021 | $16.04 |
| Nov 11, 2021 | $16.04 | Nov 11, 2021 | $16.04 |
| Nov 18, 2021 | $16.04 | Nov 18, 2021 | $16.04 |
| Nov 25, 2021 | $16.04 | Nov 25, 2021 | $16.04 |
| Dec 2, 2021 | $20.97 | Dec 3, 2021 | $20.97 |
| Dec 9, 2021 | $20.97 | Dec 10, 2021 | $20.97 |
| Dec 16, 2021 | $25.90 | Dec 16, 2021 | $25.90 |
| Dec 23, 2021 | $25.90 | Dec 23, 2021 | $25.90 |
| Dec 30, 2021 | $25.90 | Dec 30, 2021 | $25.90 |
| Jan 6, 2022 | $25.90 | Jan 6, 2022 | $25.90 |
| Jan 13, 2022 | $25.90 | Jan 13, 2022 | $25.90 |
| Jan 20, 2022 | $30.82 | Jan 21, 2022 | $25.90 |
| Jan 22, 2022 | $4.93 | ||
| Jan 27, 2022 | $30.82 | Jan 28, 2022 | $30.82 |
| Feb 3, 2022 | $30.82 | Feb 5, 2022 | $30.82 |
| Feb 10, 2022 | $30.82 | Feb 10, 2022 | $30.82 |
| Feb 17, 2022 | $51.76 | Feb 17, 2022 | $51.76 |
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