Buy Computer Accessories and Stationery to sell

Rex

Luanda, Kenya

100% repaid

Entrepreneur

Name

Rex

Member since

April 2014

On-time repayments

286 installments  •  65%

About Me

(USD 18.1050).

My Business

The items I will buy with the loan funds include:-

Item Quantity Price in Kenya US Dollars Total USD
Desktop Pc 2 12,000 135.787 271.574
Optical Mouse 10 300 3.39469 33.9469
Keyboard 10 500 5.65781 56.5781
Computer Power cables 10 300 3.39469 33.9469
Photocopying paper 10 400 4.52625 45.2625
Laminating machine 1 5,000 56.5781 56.5781
Binding machine 1 4,000 45.2625 45.2625
Digital camera 1 5,000 56.5781 56.5781
USB Flash disk 10 400 4.52625 45.2625
Memory card 10 250 2.82891 28.2891
TOTAL 673

Loan Proposal

The source of income that will be used to re-pay the loan will come from my business which offers computer services like typesetting, printing, scanning, computer repair, photograph taking and printing, computer programming services, sales from computer accessories like; mouse, power cables, keyboards, sales from stationeries like; envelopes, photo papers, photocopying papers, printer repair services, sales from optical disks, I will also use money from the Computer Training Course where I offer computer packages at a rate of Kshs. 3,500/= (USD 39.6047). My customers prefer to come to buy things from my shop because my business is open every time, my services to them are good and I sometimes have some of the items they want. I prefer this kind of business because it is much profitable, enjoyable to run and easy to manage.

On daily basis am able to save Kshs. 1,040/= (USD 11.7682) from my business after I have deducted all expenditures of the day hence I only have few items with me. The major problem my business has is when there is no electricity due to repair or replacement of damaged transformers which takes a lot of time hence Kenya Power Lightening Company workers tend to slow down their services to us in terms of bringing back electricity hence they can take a whole day or two days before we can see electricity. If I can have a generator I can continue providing my services to my customers incase there is no electricity hence get more customers and more profits.

The reasons that I want to use the loan funds is to expand my business itself by having more stock with me by buying new items because they are highly in demand in Luanda town and only few have them but they do not satisfy our customers’ needs, hence if I have them much in supply I will not run out of stock anytime because this will make my customers happy and will continue to come to buy them from my business hence increasing my income and our relationship will continuously be intact. Also this will have an impact on my lifestyle because when I get more income I will also have enough money that I will be saving hence I will use the profits to save some for expanding my business and some I will use to join a college hence enabling me continue with my education by acquiring more and extensive knowledge in my area of specialization. In future I intend to start a Computer free Training College to my community people by influencing them to see the importance of having computer knowledge in our country and in the world at large and also make them have a lot of interest in getting knowledge about computer and its applications.

I will also use the loan funds to expand my shop by acquiring another room behind my shop which is vacant and combine the two to become one hence buy more computers and start cybercafé services which is highly on demand by offering internet services to my customers because we only have one at Luanda town and it does not have enough computers and sometimes the owner does not open it because he knows he doesn’t have any other competitor and this makes his customers travel far place in order to get this services. I will use the loan funds to acquire these machines and provide this internet services to my customers which is highly on demand.

The items I will buy with the loan funds include:-

Item Quantity Price in Kenya US Dollars Total USD
Desktop Pc 2 12,000 135.787 271.574
Optical Mouse 10 300 3.39469 33.9469
Keyboard 10 500 5.65781 56.5781
Computer Power cables 10 300 3.39469 33.9469
Photocopying paper 10 400 4.52625 45.2625
Laminating machine 1 5,000 56.5781 56.5781
Binding machine 1 4,000 45.2625 45.2625
Digital camera 1 5,000 56.5781 56.5781
USB Flash disk 10 400 4.52625 45.2625
Memory card 10 250 2.82891 28.2891
TOTAL 673

Feedback

14

None

None



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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jun 20, 2014

Repayment status

On Time

Projected term

5 weeks

Lenders

H

howard

Vence, France

A

angelapeat01

United States

Sputnik

Switzerland

M

Microfinance

United States

Ask Rex a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Rex    Jul 10, 2019

    I would like to reduce my paying installments because of a reduced number of customer turn out hence low sales.

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  • Rex    May 29, 2019

    I would like to increase my payments so that i clear my loan .

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  • Rex    Mar 21, 2019

    I would love to increase my payment to clear the loan early.

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  • Rex    Jan 15, 2019

    I haven't been able to start making payments as earlier stated due to some personal problems i faced but i want to start making those payments as soon as possible starting this Sunday. I apologize for any inconveniences i have caused you all.

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  • Rex    Oct 28, 2018

    Morning. I am really sorry for the inconveniences that i have caused all of you lenders and i really want you to forgive me. I have hard various problems here and there in terms of paying my loan and this was greatly caused by sudden and short notice from the Highway Road Authority to vacate where all the shops that were on the highway (Kisumu - Busia highway) were given a short notice of 14 days to move behind the mark which was placed on the shops. My business was operating on one of the shops which was greatly affected. Update i have not started my business yet because we went into an agreement where we agreed that i shall erect a new one door shop behind the mark placed and i am in the final stages of roofing and wall plastering. I have been so busy and stressed in terms of financing the building process and small start up capital. I sold a few of my computer accessories to finance the same. I hope very soon God will allow me to open and continue with my business and start paying my loan in full. Thank you so much for our time.

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  • Rex    Mar 21, 2018

    I was sick and wish to reduce my loan for sometime. Sorry for any inconvenience which i might have caused.

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  • Rex    Aug 6, 2017

    I would like to increase my installment due to an increase of my profits from my business.

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  • Sunnyside    Feb 24, 2016

    Hi, I hope the move to your new building went well and that your customers have come back after the holidays. Good luck! Kind regards Gill

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  • Rex    Dec 31, 2015

    Hi,

    I would like to reduce my payment for each installment i make to Kshs. 500/= because of few customers whom i had and it is because of this Christmas & Happy New Year Holidays which made most of my customers to go away. Another reason is that by 15th January, 2016 i shall be moving to a new building which has more space than the one i used to be. I hope you will understand and i am very much sorry for any inconvenience that i may have caused. Happy New Year 2016 to all of you all.

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  • Rex    Dec 31, 2015

    Hi to everyone. Am fine only i have issues with my Zidisha account which to many of You are supprised because of what is happening. I am also very sorry, i have tried to talk to Zidisha team and i think they shall solve this issue. Am not even able to make changes on adjusting the amount that i am able to pay since i started repaying back the loan. I have since been making payments on each week that am supposed to. I dont know when the issue will ne fixed but i hope soon things will ne okay even m'y mentor is trying to help me solve my issue with Zidisha. Dont give up on me and always as i promised You m'y lenders i shall stick that promise. Ses you Next year 2016. I wish a Happy New Year full of God's blessings.

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  • Rex    Dec 28, 2015

    Hi,
    Fast i am wishing you all A happy New Year 2016 full of Gods blessings.

    I would like to reduce my loan to start paying Kshs. 500/= because of the following reasons:-
    1. Due to this Christmas and New Year holidays most of my customers have gone to celebrate with their families until the holidays are over.

    2. Most of my customers were from neighboring schools which closed until they open on January thats when my business shall resume.

    3. I am shifting to a new building which has enough space and the reason i am leaving my current place is because the building is being demolished so that new structures are built which has forced me to relocate to a new shop which is more bigger than the one i was in.

    I am very sorry for any inconvenience that i might have caused you all. This is because of the current situation i am in. Thank you so much and have a wonderful day.

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  • Rex    Dec 28, 2015

    Hi,
    I am very greatly this morning because God has enabled me to see this day. As we celebrate this Christmas and Happy New may the Almighty God bless you all abundantly and make the year 2016 a year full of God's blessings to each and every person on planet earth. May your wishes come true 2016. I wish you all A happy New Year 2016.

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  • Rex    Dec 18, 2015

    Hi to everyone. I just wanted to let Zidisha Team know that i have received a message today asking me to pay the loan deposit of Kshs. 4,100/= which was to be paid on 13th December, 2015. I want to tell you that i paid that loan of Kshs. 4,100/= on that day 13th December, 2015 at 12:41 p.m. I have that transaction details which confirmed to me that the money was sent to your account (Zidisha). To confirm this i have always kept the transactions details which is "JLD9N2437F Confirmed. Kshs. 4,100/= sent to Zidisha Inc. for account 0703972125 0n 13/12/2015 at 12:08 PM." This is the message i received from Safaricom Mpesa. I think you have to confirm this with them. I dont think i can ever fail to keep my promise i made to you that i shall always pay my loan on time. Please confirm this cause i made my loan repayment on that day. Good day to you all.

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  • Rex    Dec 17, 2015

    I would like reduce my payment installment due to low customer turn-out compared to other previous months. This is so because many of my customers who i depended on are schools nearby which i used to supply more of the stationery and to some who maybe due to this Christmas holiday celebrations which is being expected by many. I am also shifting to another building which has more space which can enable me operate more better than where i am.
    I would like you to accept my apology and i am so sorry for any incovenience that i may have caused. I also promise you that i shall return to my previous installments soon when things shall be okay. God bless you all and thank you for your great asisstance.

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  • Rex    Dec 13, 2015

    Hi to all Zidisha members. Hope you are all doing great. I want to thank you all my lenders for supporting me. I received the mney Kshs. 97500/- I bought the items i listed and i thank God for your support. God bless you all so much. Nice day.

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  • Rex    Dec 2, 2015

    Hi, everyone. I want to start by thanking the following lenders for funding my loan; diza2722

    Nsw, Australia
    howard

    Vence, France
    Rondolfson

    Münster, Germany
    RobertF

    Monaco, Yemen
    Neil

    Orlando, United States
    WinWinNL

    The Hague, Netherlands
    Laparo

    Wiesbaden, Germany
    Tavin

    Ottawa, Canada
    RJonR

    United States
    dsfranz

    Gaeta, Italy
    LK

    United States
    metab

    Estados Unidos, Hong Kong
    SvenWaage

    Stavanger, Norway
    SuperMario28

    Oak Creek, United States
    Matt Willis

    United States
    Paul Buchheit

    Mountain View, United States
    Felipe Ardila

    United States
    Eugen Stamm

    Zurich, Switzerland
    Paul Rausch

    United States
    Markus Oppolzer

    Austria
    KiraDee

    United States
    flaguy999

    Tampa, United States
    Markus Bikker

    Doha, Qatar
    Sunnyside

    Stafford, United Kingdom
    mjgoldsmith

    United States
    kuebel

    Vienna, Austria
    Rebecca Walmsley

    Australia
    Patrick Margavio

    United States
    Kirsty M

    Germany
    ToddK

    Indianapolis, In, Usa, United States
    mepster

    San Francisco, Ca, United States
    Bing-shu Pan

    Taiwan
    Bennett Silbert

    United States
    Courtney Downey

    United States
    ads68

    Melbourne, Australia
    blahblah

    Nuernberg, Germany
    Zidisha Matching Fun

    Sterling, United States
    fairspirit

    Utrecht, Netherlands
    Roger Wang

    United States
    moursund

    Corvallis, United States
    beckynagel

    United States
    Jaana

    Sweden
    Joe

    United States

    Thank you all so much for financing my loan. God bless you all so much.

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  • Isaac    Dec 1, 2015

    Hello lenders
    please help me fund my loan,it has few days to expire.thank you

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  • Rex    Nov 24, 2015

    I thank you all my lenders for supporting me upto this time. You have been so supportive to me and with the just ended loan you funded me I have been able to purchase six laptops, I Ricoh Aficio copier, 1 digital photo camera and 2 inkjet printers for my business from the profits and savings I got from the loan. Thank you so much and I pray the Almighty God to bless you so much for your continued support to me. Thanks so much.

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  • Rex    Nov 24, 2015

    I thank you all my lenders for supporting me upto this time. You have been so supportive to me and with the just ended loan you funded me I have been able to purchase six laptops, I Ricoh Aficio copier, 1 digital photo camera and 2 inkjet printers for my business from the profits and savings I got from the loan. Thank you so much and I pray the Almighty God to bless you so much for your continued support to me. Thanks so much.

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  • Rex    Nov 24, 2015

    I thank you all my lenders for supporting me upto this time. You have been so supportive to me and with the just ended loan you funded me I have been able to purchase six laptops, I Ricoh Aficio copier, 1 digital photo camera and 2 inkjet printers for my business from the profits and savings I got from the loan. Thank you so much and I pray the Almighty God to bless you so much for your continued support to me. Thanks so much.

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