Blank dvds for my movie business

Alfonce

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Alfonce

Member since

February 2018

On-time repayments

25 installments  •  92%

About Me

Am Alfonce Njiru, 23 years old am a part time student at Kenyatta University and a business owner. I come from mbeere, from a family of 4,a brother and two sisters, my role models in life are my parents, they thought me the importance of hard work, honesty and being trustworthy. I carry this values wherever I go, am thankful to God for every thing he's done for me and seeing me through some tough situations, as a family we've had our downfalls but my parents thought me that it doesn't matter how many times I fall but how many times I get up.
currently am a part time student, I wouldnt be a full-time student due to financial challenges, I have other siblings who depend on my parents so I had to consider their situation. For that reason I decided to start a small business which helps me carter for my basic needs and give a hand in my tuition fees as well.

My Business

I run a small movie shop, both retail and online, for my online platform I depend mostly on Facebook to get my clients. I also sell to some of my schoolmates have helped me advertise my products to their friends, all I got to do is be on top of my game, make sure I have fresh movies ontime this helps me maintain my clients.
I buy blank DVDs which I use to duplicate movies at 12 dollars for 100 pieces, the I sell a DVD at 0.5 dollars, I make 50 dollars from the whole pack after I take away all the expenses I incur i.e Internet, transport, packing and dvds I make a profit of 20 dollars,
I would like to add more services like printing and mobile money transfer services, this will help me earn more income to help me improve my situation.
I sincerely hope that this platform will help me achieve that.

Loan Proposal

Hello lenders, I would like to apply a a loan of 15 dollars, I will use this amount to to buy blank DVDs for my movie business, having enough blank dvds at a particular time is very helpful since I will be able to prepare them in advance this will also help me serve my clients on time.
I hope you will consider funding my loan to help me grow my business.
Thanks in advance and may God bless you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$15.00

Date disbursed

Mar 3, 2018

Repayment status

On Time

Projected term

6 weeks

Lenders

Paul Buchheit

Mountain View, United States

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