Install internet for my phone repair shop

Erick

Bombolulu, Kenya

100% repaid

Entrepreneur

Name

Erick

Member since

February 2015

On-time repayments

103 installments  •  50%

About Me

Am a Kenyan man aged 25 years.I was born in a polygamous family with two brothers,one sister and three step brothers.My mum is the second wife to my dad and am the second last born in our family.My mum passed on when i had completed my primary level class eight in the year 2004 leaving my dad unable to take care of us.I fortunately managed my fourth form in 2009.I enrolled for my college studies but the financial state of my father could not allow me anymore proceed anymore so i had to drop out to upkeep myself because i had moved from the village to the coastal town called Mombasa.Since i needed rent,food,clothing and several other necessities,i was desperate for a job or any other business to help cope with life.My younger brother too needed assistance from me since my step brothers were not stable too to assist and had their own families to take care of and my elder brother who took me from the village had been sacked from where he was working hence was unemployed by then.

My Business

I started buying phone accessories ranging from covers,batteries,watches from wholesale traders and selling them to my clients at a rented stall in town.I could manage to get a double income that helped me pay for the rent and meet my needs.
I later started selling chargers,memory cards,and by then through the knowledge i had gained from phones,i now can service phones,change mic and do flashing something i learn t from a technician i was close with.
I found this business so easy to operate and good income since i have very few competitors around me as it is also convenient for me as it gives me time to break on a weekend to attend church services.
On a good day i make sales up to 4000 and on low sales they turn to 1500.
From the profits i get,i pay rent for the stall,pay for my house rent,pay my younger brother's rent who is in college in another town,and sustains me and fare as well.

Loan Proposal

I thank you once again my dear lenders for your continued support and i sincerely pray that God keeps you safe in sound and health.
From the previous loan,i managed to buy flashing gadgets and presently i found one major problem i never thought of! The flashing boxes and dongles always require internet connection to be updated and download new flash files.
Apparently,am unable as the only files i have are getting faced off as new updates are available and due to lack of internet.I also found out that by using an internet modem of our service provider,is damn expensive which may force me charge my clients highly and hence may put them at risk of disappearing.
If i manage to get internet connection i will put up a wireless router and at the same time serve my PC as well as my phone and updating my clients' phones.
If i succeed,i will be able to pay my loans in time,help my young brother in college,pay my business and residential rents and save some amounts for expansion purposes.I also noted in some way,increased my repayment percentage even though not that much comparing to previous loans.
I hereby and humble request you dear lenders,if you give me this loan i will not only increase my repayment percentage but also see myself qualifying for a much bigger loan than this.Thank you and may you all be blessed.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$91.00

Date disbursed

Oct 6, 2015

Repayment status

On Time

Projected term

4 months

Lenders

Douglas St Quintin

Sydney, Australia

S

stevensau

United States

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