Buy more stock to expand my business

Alexander

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Alexander

Member since

March 2015

On-time repayments

44 installments  •  34%

About Me

I am a 24 year old kenyan currently residing at the capital city of kenya nairobi.
I have been raised by a single mother and hence my childhood was very challenging but i managed to clear my high school education and now am doing my Certified Public Accounting examination currently in section three.Having been able to come this far i really have overcome the financial challenges most people face in their quest to get good education so as to succeed in life.
Back in 2013 having the financial constraints to pay my school fees i had to think outside the box on how to get an extra cent to boost me financially.I started buying house hold goods at a wholesale price and doing door to door marketing i.e directly to the consumer.
I started selling and by GodS grace i was able to get some profits which i was using to pay my school fees.After one year i realised that most of my friends were facing the same challenge and i recruited them into my team and started marketing the products as a team, currently we are 8 in the team and growing.
the one unique thing about Kenyans is that we are very enterprising and go-getters,when we see an opportunity to better our lives we go for it with all the passion and determination
I have no children at the moment but i would love my children to get the best education their is in this world and live a happy life to bring me happy grandchildren and succesful.When am not in my business or studying i like perfecting my guitar playing skills because playing the guitar gives me such a relaxation

My Business

My company mainly deals with door to door marketing of house hold goods like toothpaste,toothbrush,body lotions which are in very high demand in our country.
I usually source the products from wholesalers then sell them to the consumers at a profit.
Toothpaste is used in almost every home in our country and more so on a daily basis with some people brushing twice or thrice a day.This makes its demand to be very high and throughout the year making it possible for my business to survive through any season.
My main cost is transport to pick the inventory,rent and i also pay myself a salary every month because i work on the business fulltime
Mostly i do reinvest most of my profits because i want to grow my business

Loan Proposal

I will buy 2 cartons of toothpaste which will be over within one week so by the time am through with paying the loan i will have re invested the money five times hence it will give me maximum benefit
1 carton of toothpaste=23 dollars hence two cartons 46 dollars
Adding more inventory will make me hire more salespeople hence create employment for some guys who are currently idle
It will also increase my earning potential because i will earn more fro m each salesperson
From this additional capital i expect to earn an extra 10 dollars per week in terms of profit

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Apr 8, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

Paul Buchheit

Mountain View, United States

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  • Alexander    Dec 20, 2022

    Thank you members for trusting in my business and funding my project. With your funds I will be able to leverage on this Christmas season better by adding more stocks for my business

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  • Alexander    Dec 18, 2022

    The last funding has really helped my business grow by 20% and also am sure am going to have a nice Christmas due to the profit I made.

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  • Alexander    Oct 21, 2022

    I accept your funding . thank you very much. I will be able to buy more stocks and hence boost my profits.

    I will also make sure to keep you updated on my progress

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  • Alexander    Oct 21, 2022

    Thank you members for funding my project. I will be able to add more stocks to boost my sales.

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  • Angela    Oct 20, 2022

    All the best in your business. I will be glad to know the outcome

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  • Alexander    Oct 19, 2022

    I also introduced another line of business whereby I am importing quality products from china (washer cleaning tablets, remotes and watches) from China and selling them in Kenya at a profit.

    This department seems to be doing well because am getting the products at very favourable prices whereby am able to make a mark up of between 200% and over 1000%.

    If am well funded I will be a le to start a mini importation business which will see me become financially free and employ fellow Kenyans.

    Thank you lender for your assistance, I will not have gotten this far without your assistance.

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  • Alexander    Oct 19, 2022

    My previous loan has really helped me grow my sales revenue by about 5% and am confident if I stick to my plan and continue crowdfunding with Zidisha I will be able to astronomically increase my profits. Thank you

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  • Alexander    Aug 28, 2022

    Cheers guys for funding my project, you have really helped in actualising my dream of business expansion.
    I will update you on how my project goes

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  • Makaio    Aug 27, 2022

    Good luck man!

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  • Lilian    Aug 27, 2022

    Keep going we will get there

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  • Alexander    Aug 27, 2022

    My previous loan helped me increase stock levels for my business.

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  • Alexander    Jun 27, 2022

    Hi,
    I will use the money disbursed to buy more stock for electronics Accessories business.
    Thank you for the loan, it will really go a long way in improving my business.

    Regards
    Alexander

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  • Alexander    Apr 16, 2019

    The last loan helped increase my revenues by 20% and my profits by 15%

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  • Chepkoech    Mar 6, 2019

    I called Alexander and he promised to send his dues this week.Thank you.

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  • Alexander    Feb 9, 2019

    Thanks lenders

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  • Alexander    Dec 11, 2018

    My revenues increased by 20% from your previous loan.
    Thank you zidisha

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  • Alexander    May 14, 2015

    hello zidisha,am very sorry for delaying my next instalment but i will pay it as soon as possible...thankyou

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  • Alexander    Apr 17, 2015

    i was able to pay for zidisha membership fee with my first loan and the remainder i added a few cash to purchase a carton of toothpaste and that has seen my profits rise by 25%.Am looking to clear the current loan on time so that i can take another one which i will ntirely invest it my company

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  • Alexander    Apr 9, 2015

    Hi zidisha lenders,first of all i would like to say am very great full for lending me the amount i requested for to boost my business.
    I must also say that on top of boosting me financially you have also boosted my morale in business because am very sure that in business is very hard to come across somebody who not only believes in your idea but he is ready to invest his/her hard earned money in it.
    I will be updating you as soon as possible on my progress.
    thank you

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