Entrepreneur
Name
Kelvin
Member since
February 2015
On-time repayments
229 installments • 27%
About Me
Am 27yrs from gilgil sub county in Nakuru county kenya and christian. I come from a very humble family who then passed away when I was 10yrs old my sister was 6yrs old and my brother was only 11months old. Since then we have lived a life of well wisher for our basic needs. I have gone up secondary school which my aunty used to pay for school fees.
While I was at home I used to look for a lobour jobs for day in day out so as to put food on the table and save some for my pocket money.
When I finished my secondary school I was used to do lobour jobs until I meet a well-wisher who told me to join him where he used to work on a workshop of repairing phones and computer, and that were I learnt how to repair phones and computer. due to the background that I have I used to save the little that were left after buy food for my family(sister and brother).I did not go for long I found someone who wanted to close his workshop. And I talked to her instead of closing he give the total cost of all the tools that he will no longer use to her new workshop, and I give her the money that I had saved and let me use the shop to earn the rest that remain in terms of installments. I thank God for fovour in my life. Due to hardship that I have undergone I take all tribes to be of the same.
My Business
First I acknowledge the Zidisha team and the lenders for the previous loan. Through it I was able to access spares at wholesale price thus making my profit margin higher by 6% and a bigger turnover. This was an upper hand which helped me clear my first loan in good time.
This time I want to increase stock and add other variety mobile phone spares. Stocking more has a cost advantage because it will save on transport time. Money saved goes to the profit and the business growth shall be enhanced.
I do repair and maintenance of mobile phone .due to growth of technology in mobile phone give me hope to repair more and more as they keep on failing to function or even get damaged thus creating more chances to prosper of my business and change my life and family status thus creating a chance to help the needy.
The little that I get every day I use 20% at home for basic needs 25% on savings on investment ,25% on reinvesting to business and the 15% Is kept just in case of any medical needs for the family,15% on bill that is house rent and electricity bill.
I love challenges as my life full of challenges and they have made me whom I am today, reading article that have new types of technology and solution of technology has been my greatest thing in my life.
Loan Proposal
I will use the requested amount to buy mobile phone spares that is lcd screens and touch screen for:
1.TECNO mobile phone: p5 ,h5,p3,m3,d3,n3
2.HUAWEI models:u8150,u8185,y210,y220,y330,y320,y511
3.NOKIA models: 311,305,c2-03,202,lumia 520 (screens :x2-1,x2-2,x2-00,5130,3110,1616,,c1,105)
4.CHINA LCDS SCREENS: 17pins small,17pins big,37pins,rokea 37pins,itel 1353,kgtel 35pins,24pins each cost $4.5 and neon @ $6
5.CHARGING PORTS : tecno,Samsung's
6.SAMSUNG : lcd screens chatt 2222,chatt ,s5830,s7580,S 3332
7.M-HORSE: G2 ,G2+ 720,gt-s6812
8.ITEL : it6800.it 1404,1353
With this, my profit will increase by 10%. The benefit will be more customers and more income which I will use to improve the business, and meet basin domestic expenditures.
I look forward to meeting my customers' needs and improving my business.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$237.00
Date disbursed
May 26, 2016
Repayment status
Late
Projected term
42 months
Other loans
Lenders
United States
Reading, United Kingdom
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