Logbook Loan Financing For Mobile Phone Repair Shop In Zimmerman

Jimmy Mwangi, a 30-year-old entrepreneur based in Zimmerman, found himself at a pivotal moment in his mobile phone repair business. Here's how Kifedha Limited stepped in to support him:

Table of Contents

• Introduction
• Jimmy Mwangi: A Brief Profile
• Business Boost with a Logbook Loan
• Challenges and Solutions
• Kifedha Limited: The Trusted Partner
• Conclusion

Introduction

In today's dynamic business landscape, access to timely financing can be the difference between stagnation and growth for small businesses. Jimmy Mwangi's story exemplifies how a logbook loan from Kifedha Limited transformed his mobile phone repair venture.

Jimmy Mwangi: A Brief Profile-

• Name: Jimmy Mwangi
• Age: 30 years
• Location: Zimmerman
• Business: Mobile phone repair

Business Boost with a Logbook Loan

Jimmy Mwangi sought to enhance his mobile phone repair business by acquiring new equipment and software to keep pace with the evolving mobile technology landscape. With a loan amount of KES 130,000 secured against his Volkswagen Passat through Kifedha Limited's logbook loan service, Jimmy had the financial means to invest in his business.

Challenges and Solutions:

• Customer Challenges: Jimmy needed to purchase equipment and software to repair the ever- increasing phone models and invest in training to stay updated with the latest mobile technologies.
• Solution: The funds from the logbook loan were swiftly disbursed via M-PESA, empowering Jimmy to procure the necessary tools and enroll in training programs to enhance his skills.

Kifedha Limited: The Trusted Partner

Jimmy's journey to secure funding for his business was facilitated by Kifedha Limited, a trusted provider of logbook loans. With branches strategically located in Ongata Rongai, Kitengela, Ngara, Kiambu, and Thika, Kifedha Limited has been serving customers across Nairobi, Kiambu, Machakos, and Kajiado Counties since 2016.

Conclusion

Jimmy Mwangi's success story underscores the critical role of accessible financing in fueling small business growth. Through Kifedha Limited's logbook loan service, Jimmy was able to overcome financial hurdles and propel his mobile phone repair business to new heights.

Get in Touch To explore flexible and reliable logbook loans tailored to your needs, contact Kifedha Limited through our contact form, call us on +254791573231 or visit one of our branches to explore financial opportunities.