Electronics and mobile-phone accessories

Wilfred Njiri

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Wilfred Njiri

Member since

March 2015

On-time repayments

292 installments • 78%

About Me

My name is Wilfred Njiri, married and with 2 children. Am a Kenyan citizen born in central Kenya in kiambu county where I grew up and lived until I completed my high school. I later moved to the City of Nairobi for my college education. After I lost my job in 2010, I started a small business from my savings .I live in Kitengela, an area that is cosmopolitan where i interact with people from different cultures and backgrounds. The national park is near and at times we happen to see the straying wildlife . My two children a Girl and a Boy gives me challenge to work hard for their good performance in school , one aspire to be a banker the other one engineer, I have love for nature and love planting trees and flowers, I also love reading science news!

My Business

My business is small where i buy and sell mobile phones and accessories. Here in kenya, mobile phones have become extremly necessary because you use your mobile phone to access all banking services, from paying school fees to utility bills to communication and the entire country is connected so the demad is high, from $10 you can afford to buy a hand set and sell it for $14 - $16, so you almost make 50% profit, I wish to continue expanding the business with the lending i get, my profit usually goes to paying school fees, family and business upkeep, my desire is to grow my small business to become big enough to create employment to other people or even become a lender. I wish to thank all the lenders who would wish to fund me and other applicants, you are doing a noble task!

Loan Proposal

Hello dear lenders,first is to thank you beyond words can express for the continued support in the previous loans.I have introduced some new products in mystock and they seem promising for the business. The loan I am applying will help me buy new stocks of 100 pieces of electric bulbs each @ $0.5 and sell each @ $1, 70 pieces of solar bulbs each @ $0.8 and sell each @$1.5, 50 extension cables @$2.5 each and sell @ $4, 10 rechargeable lamps, @ $8 and sell @ $1.2 , 50 rechargeable spot light @ $1 - 1.5 and sell @ $1.5 to $3 respectively, I project to make over 200% by the time I will be finishing to repay the loan. I sincerly thank you in advance as I request you to assist me with you much valued funds. God bless.