Entrepreneur
Name
Maurice
Member since
February 2015
On-time repayments
149 installments • 77%
About Me
Am 35 yrs kenyan born citizen from siaya county having taken my childhood primary from that locality from 1986 to 1993.Went for my secondary education from 1994 to 1997 in Nandi county.In 1999 i joined a college in Kisumu county for a diploma in electrical engineering power option.later went to look for a job that never came to be.i started a small scale business under the electronics repair in 2004,but due to global change in digital generation i had to change my carrier from radio/tv repairs to do studies on mobile telephony field of repair this led me to start a mobile phone accessories sale that led me to do hardware repairs.but because of high technology growth i intent to start doing software on same field.but financial constrains has led to decline or be slow change in this field of repairs.
In my land or rather culture i am in,that's in nairobi county bussiness is the order of the day.thus it has made more people to come from all corners of the world to venture.
My son would like to like father.A businessman in imports of electronics spares.still young but determined.
My hobby is watching football but playing candy crash my phone is my pastime activity.
If i get this loan it will help me boost my business in buying software machines.
My Business
My business is called moriphatech electronics which deals with both repairs and sales of mobile phone accessories.
Soon im intending to start a software inconjunction with the later to boost this field of communication.In this business(hardware)i deal with replacements of phone screens,touch,microphone ,earpiece,ringers,faces.sale of chargers,batteries,handfrees,memory cards,flipcovers,screen guards,usb cables among others.
These goods are in high demand because almost 60 % of the population own mobile phones thus need of repairs or replacements of faulty parts.
l chose this business because its fast moving and technology changes almost daily.
The typical cost of this business is very high but i started with as little as 50,000khs because to start this business alot of machinery,spares and suppliers is required.
Most of my profit i use facilitate the expansion of this business and saving for the future of their education
Loan Proposal
Hi lenders, I would like to inform you that I'm very thankful for the loan increament that is going to add more value and customers to my workshop.I managed to save $99 and in need of $294 to achieve my dream goal.
I would like to import from china digitizers for different types of phones namely;
10pieces of Samsung galaxy s2, s3, s4 ,
10pieces of Tecno fantom f and z
10pieces of Samsung note 2, 3 and 4
All worth $393 .With these in stock , will be able to replace the digitizers that normally break and are in demand here in the capital taking into consideration that I had bought the machine to replace the brocket ones but the suppliers tend to sell at a higher price due to to higher demand.
This will enable my competitors to buy from me or rather repair their clients' gadgets at my workshop.
This will increase my profit margin because I will have bought in bulk from abroad thus increasing my profit than I could have bought from local shops around.
Thanks in advance and hope for a positive reply.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$336.00
Date disbursed
Aug 24, 2015
Repayment status
On Time
Projected term
3 months
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Summary
Amount repaid
$351.11
Amount remaining
$0.00
Date repaid
Dec 19, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 6, 2015 | $20.00 | Sep 6, 2015 | $20.00 |
| Sep 13, 2015 | $20.00 | Sep 12, 2015 | $20.00 |
| Sep 20, 2015 | $20.00 | Sep 19, 2015 | $20.00 |
| Sep 27, 2015 | $20.00 | Sep 27, 2015 | $20.00 |
| Oct 4, 2015 | $20.00 | Oct 4, 2015 | $20.00 |
| Oct 11, 2015 | $20.00 | Oct 11, 2015 | $20.00 |
| Oct 18, 2015 | $20.00 | Oct 18, 2015 | $20.00 |
| Oct 25, 2015 | $20.00 | Oct 25, 2015 | $20.00 |
| Nov 1, 2015 | $20.00 | Nov 1, 2015 | $20.00 |
| Nov 8, 2015 | $20.00 | Nov 8, 2015 | $20.00 |
| Nov 15, 2015 | $20.00 | Nov 15, 2015 | $20.00 |
| Nov 22, 2015 | $25.00 | Nov 22, 2015 | $25.00 |
| Nov 29, 2015 | $25.00 | Nov 29, 2015 | $25.00 |
| Dec 6, 2015 | $25.00 | Dec 6, 2015 | $25.00 |
| Dec 13, 2015 | $25.00 | Dec 13, 2015 | $25.00 |
| Dec 20, 2015 | $31.11 | Dec 19, 2015 | $31.11 |
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