John
Nairobi Kasarni, Kenya
100% repaid
Name
John
Member since
March 2014
On-time repayments
288 installments • 14%
I live in Kasarani area in Nairobi, Kenya. I attended University of Nairobi and graduated with B.A Economics. I have been doing business in my life and currently running a printing shop, supplies and an mpesa as an agent. I believe in business as part of my childhood dream to manage my businesses. I am now in that course of dedicating my energy and vision to gather more money in business. I like the challenges that comes with entrepreneurship and this gives me satisfaction once I win. I plough back the profit I get into the business.
I run a printing shop and general stationery supplies and an mpesa agent. I am situated next to a college where there is a good traffic of students as well as other people. I provide quality services that give customers the ultimate satisfaction. I have challenges from my competitors but I am able to manage that through offering good services to my customers. I do get about ksh 100,000 a month as sales with a margin of about Ksh 40,000 as profit. My dream is to grow the business through product diversification to woo more customers.
Printing industry is my line of business. I started when I had very few machines. I used to turn away customers since I did not have the necessary tools. I felt disappointed but I did not have financial muscles to acquire the basic machines. I have now learnt the customers perceptions and tastes. I have stocked printing machines, good computers but the demand of electronic accessories and consumables is growing. I am interested to use the loan to add electronic accessories before getting a good base to buy printers consumables. Ready to use the loan to buy the accessories and repay loan. I know with the current demand I benefit in the long run and benefit other unemployed people over time.
Positive
4
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$47.00
Date disbursed
Mar 12, 2014
Repayment status
On Time
Projected term
5 weeks
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