Stock of photocopying paper and stationary for my business

Isaac Juma

Kitale Town, Kenya

39% repaid

Entrepreneur

Name

Isaac Juma

Member since

January 2014

On-time repayments

269 installments  •  18%

About Me

Am the fifth in a family of eight with three sisters and Five brothers I am a man in my (31)years with a passion for exllence in life. I have a wife and a son. I grew up in kisumu county and I attended kajimbo High School. Although I had qualified to join University, my parents were unable to take me further. in my education, I live in Nakuru a metropolitan town in Nakuru county . I later joined Kitale technical training instute where I took a course in Inffomation Technology and printing services I then started a business so as to help me further my education and make profit for my business. most of my earnings from my business are for expanding the business and savings.I also pay rent and bills so as to continue with the business without interfferance from the revenue authority.I also manage to support my family with cash for example paying fees to my siblings, and my biggest wish is to see my brothers and my children leaving a better life in future, Nakuru is a high and speedy developing town where business is doing well I hope to achieve higher goals with my business in this town I love playing and watching football and a die heard of Arsenal fan

My Business

My business is a single business dealing with bookshop and stationery and , there is high demand for goods and services despite of the competing market due to availability of customers' preferences and wide rage of products, also good customer relationship. I make a cost of ksh.4000 including house rent and power bill, a sale of approximately ksh30,000 thus making a profit of Ksh10,000 or more, a month, this business faces a risk of low market due to availability of the supplementary goods and services, I have a very good relationship with customers on how to use their new products thus making them aware of what quality they are buying. by so doing I have so many customers both young and old. my products are also modern thus fitting the competition.my products are also cheap compared to the other competitors thus attracting more and more customers.my products have warrant thus the customers have no doubt with my product because they are guaranteed of durability of what they buy. Am going to use the loan by adding more stock in my shop. The loan will boost my business at a very high rate.Am going to add more stock of books, and stationeries, photocopying machine and any other thing that goes hand in hand with my business. This will lead to attraction of more customers because I will make sure I have everything that a customer wants and with that it will make a good beginning of the year 2015. The loan will make me comfortable in meeting some expenses like license and othe legal requirements. Kindly support me in this because I have a dream of being so much ahead and successful by the end of this year. I will be very grateful to you and your team

Loan Proposal

If I receive the loan I need to add more stocks of photocopying papers and stationaries, for instance
A ream of photocopy paper now buys at $ 3.5 at a wholesale price and sells at $4 to$ 4.5 that is approximately making a profit of about $1 per ream. When i sell like two boxes that is 10 reams I will be able to make a profit about $ 10 approximately. sure for these i will add my savings and buy a bundle of new teams and other allied materials which will enable me earn an average profit to help me repay back the loan and grow my business as well. I will appreciate your assistance

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$166.21

Date disbursed

Apr 22, 2015

Repayment status

Late

Projected term

59 months

Cost to entrepreneur

Service fee: $6.21

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