Inventory purchase

Jonah

Juja, Kenya

100% repaid

Entrepreneur

Name

Jonah

Member since

July 2017

On-time repayments

2 installments  •  0%

About Me

I was born in Nyanza Province in Kenya for that's where my mother used to work but we later re-located to the Central Kenya. I underwent the Primary, Secondary and University Education all with hardships due to financial problems in my family.

After the secondary education, I enrolled myself to a job so as to sustain my upkeep and not bother my single parent as there are two more siblings after me.

Being the first born in my family and without a father, growing up has been a challenge but i have been focusing to brighten my future for the sake of my family and other kids who have grown like i have.

I later joined the Jomo Kenyatta University of Agriculture and Technology to pursue a Diploma in Information Technology in January 2014 and completed the course in November 2015.

While in the university i was in the *Boda Boda* business having hired a bicycle to carry passengers for the short distance travelers e.g from the hostels to the university or to their friend's place. This way i would get a little of cash to get two meals a day.

After completing my University education, i left the institution with a fee balance which i plan to repay as my business grows.

After my studies my lecturer employed me in his firm and that way i acquired a little capital to kick off my own computer, laptops, phones repair and sales shop in the same area as my University because of the higher market.

My Business

My company is FLECHA TECHNOLOGIES LTD and is actually registered by the KENYA REGISTRAR OF COMPANIES and PVT-WEYU9M being its registration number.

I set up the shop in the same vicinity as university because of the high demand for my products and services. I do repair computers, phones and laptops while also selling them.

The students use these products for their studies and they often breakdown thus making our services handy.

I have one employee and together we offer meet the students' needs like no one else does for committed we are and from humble backgrounds we have come from.

We do gross about Kshs. 140, 000 in 6 months.

We have been re-investing the profits for a startup we are.

Loan Proposal

I will fill the empty spaces in my shelves by buying some products. I will buy two 2GB Flash Disks which are a quick sale. I will buy the two at Kshs. 450 and sell them at Kshs. 1000.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Jul 30, 2017

Repayment status

On Time

Projected term

2 months

Lenders

PG

Paul Graham

United States

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  • Jonah    Sep 27, 2018

    I topped up some other cash and added it to the loaned money and purchased flash disks (about 10 of them). Unfortunately students from the JKUAT University went on strike for about 3 months and when they resumed, the lecturers followed on their strike also. My business was a start up and therefore succumbed to the lack of business at the time. I am sorry that i delayed my money but everyday i woke up with the urge to repay but i had no money.

    I am happy i have repaid it at last. Thank you so much to my lender. May God bless you.

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  • Jonah    Jul 27, 2017

    Thank you so much for the quick funding.

    I will buy the flash disks and they will truly make a profit.

    Thank you for the loan.

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