Acquire a large scale photocopying machine

Solomon

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Solomon

Member since

June 2015

On-time repayments

184 installments  •  33%

About Me

I was born and brought up in Makueni,one of the dry places in Kenya, in 1991,went to day school primary, secondary school and currently at the university of Nairobi in my 4th year. since my childhood i had interest in business and after high school i started a unisex kinyozi in the nearest market centre. I later moved to university,opened up to new business ideas which i however could not venture into due to limited capital. In my third year i teamed up with one of my friend and started a cyber cafe which also is not up to the standards we had in mind due to inadequate capital.

My Business

I provide Internet services in my business. The business is near a school hence most of my customers are students who need Internet to do research and also for recreation. I chose to venture into this type of business since there was ready customers and i had interest in it . However, i plan to expand the business include printing and photocopying services as well . The net income for the business per month ranges between ksh 10000 to ksh 15000 and i use it sustain myself in school and some goes back to the business.

Loan Proposal

I hereby apply for a loan to further enhance my cabercafe and photocopying services. with the loan, i will buy a three in one machine I.e printing, photocopying and scanning able to do large scale and high speed service. The machine costs 36$. This will help cater for the large number of customers and further increase my profit margin. With the new machine, i anticipate for a ksh 30000 net profit per month, which i will use to repay the loan, expand my business and also sustain myself.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$96.00

Date disbursed

Dec 17, 2015

Repayment status

On Time

Projected term

2 months

Lenders

B

blahblah

Nuernberg, Germany

D

Divergent

Bethesda, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

Clben7

Cincinnati, United States

dlpringle

Denver, United States

pvilliger

Zurich, Switzerland

mepster

San Francisco, Ca, United States

Bjorn

Heggedal, Norway

C

Crainster

Chapel Hill, United States

Gab

Singapore

jtreyes

United States

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  • Solomon    Jul 4, 2016

    Hi lenders,
    I would like to request to lower my payment to Kes 100. I have been busy with my final exam in the University and as a result my business have not been running well.
    Kindly allow me to readjust my payment during this time

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  • Solomon    Mar 24, 2016

    Hello, i have received the loan you advanced to me and I'm planning to acquire the desktops this week. Thank you all.

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  • Solomon    Mar 22, 2016

    I highly appreciate zidisha and my lenders. with this loan, I will acquire two desktops to expand my cybercafe. This will ensure i offer convenient services to my customers. Once again, thank you.

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  • Solomon    Feb 20, 2016

    Hello zidisha, i would wish to decrease my weakly instalments to ksh 2000. I realised paying as per the current status, i won't qualify for a loan increase due to paying over 50% of the loan at once. Thank you for your continuous support.

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  • Solomon    Feb 4, 2016

    Hello zidisha, I am grateful for the loan you awarded me. my business has flourished, profit margin has increased and i would wish to increase my weekly instalments.

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  • Solomon    Dec 18, 2015

    Hello zidisha team and my lenders. I have received then loan amount today and i intend to buy the photocopier early next week. Thank you.

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  • Solomon    Dec 16, 2015

    Hello, i sincerely thank you for advancing me this loan, I will buy a photocopying machine able to do fast and large scale photocopying and printing. This will cater for my customers' high demand on the services and also assist my business grow in terms of variety of service offered. The profit margin will also grow and will be able to meet the operational costs of the business and sustain myself in school. I appreciate each and every lender for giving an helping hand in my business and promise to repay in good time.
    Thank you.

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  • Solomon    Nov 27, 2015

    I'm grateful to zidisha team for your assistance in the boosting of my business.I had earlier on indicated that i was facing electricity problem in my business, as a result, i moved to a new location with reliable electricity and even more customers. Due to this my profits have now increased i wish also to increase my installments. thanks for allowing me decrease them when i was in a fix.

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  • Solomon    Oct 21, 2015

    Hello, I am grateful to zidisha for your financial assistance which saw my cyber cafe business flourish. However, there has been frequent electricity disruption in my premise and this has negatively affected my business. I hereby wish to reduce my installments as i wait for the power issue to be sorted out. Thank you.

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  • Solomon    Aug 11, 2015

    Thanks to zidisha, my business has flourished as a result of the loan you gave me.

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  • Solomon    Jul 11, 2015

    Hello my lenders, I'm really grateful for the financial assistance you offered me recently. Today i have bought a printer that will see my business expand to include printing services . I believe through zidisha, my business will continually grow . Thank you zidisha, thank you my financiers.

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  • Solomon    Jul 6, 2015

    First of all i take this opportunity to thank you for the support. I will use this funds to purchase a printer which will help me increase my monthly profits

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