Additional stationery to sell

Samwel

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Samwel

Member since

May 2017

On-time repayments

145 installments  •  70%

About Me

My name is Samwel, 21 years old. I am a student at JKUAT university doing a course in business information technology. My childhood has not been that of a silver plate since it isn't easy living in a separated home in Mombasa .The culture in my town is so mind blowing since its more of the Swahili culture that includes beautiful Leso attires but the negative side is the drug addiction facing the youths leading them into the life of crime .I managed to perform well in my high school years and got a sponsor who made it possible for me to pursue a degree that will enable me uplift my home. I came to start my business when i read an article about Mark Cuba who worked hard when he was just 12 years old running his own business of selling garbage bags and this challenged me to start up my own business of selling school stationeries and I mostly sell to my colleagues.
My favorite hobby I would say is beatboxing.

My Business

As mentioned above, I sell stationery on a small scale to my fellow students, and this helps me in getting some income which I use for my own upkeep. This supplements what my parents give me since I am still under their care. I chose this business because it needed little capital to start, it's flexible and on demand in my school.
The overall typical cost is around 90dollars for my next round of stock that will generate a revenue of around 50dollars as profit. I use the profit to add little stock and pay for the fare
I hope to keep doing this till I clear my course in 2 years time.
My next expansion would involve transforming my business to a printing business within the school premises for students and expand the stationery BUSINESS

Loan Proposal

I will buy an assortment of stationery such as pens, calculators, foolscap and geometric sets. These are fast moving items and I will be able to sell them within a short time. I will use the profit to buy more stock and also repay this loan.

Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$23.00

Date disbursed

May 21, 2017

Repayment status

On Time

Projected term

5 months

Lenders

PG

Paul Graham

United States

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