Buying a coloured copier machine

Lucky Nguna

Makindu - Nguuni, Kenya

7% repaid

Entrepreneur

Name

Lucky Nguna

Member since

April 2015

On-time repayments

169 installments  •  72%

About Me

I completed my primary school level in the year 1993, and in the year 1994 I joined high school but due to lack of school fees I dropped out. March 1994 I traveled to Mombasa, I got a job in a cybercafé as cleaner. Here's where I worked and trained in computers. Due to my good work and experience, one of my client gave me a used photocopier machine and one computer which I started a business: a small bureau.

My Business

First, I operated in a small bureau, in my bureau I did photocopy and typesetting but the competition was high due to many and well equipped bureaus around. The profit that I get from the shop wasvery low, cannot cartered for my life expenses. That's why I was seeking a loan to upgrade my bureau with more computers and stationery.

Recently I switched to another business: Sugarcane Juice. I do crush 50pcs of sugarcane in one day, the business is going very well.

One pc of sugarcane is sold at kshs. 35 at our nearby market (Kongowea).
50pcs = Kshs. 1,750/= and when i sell the juice I get Kshs. 5,000/=.

I employed a small boy whom I pay Kshs. 300/= per day.
It is a good business, my profit can be Kshs 2950!

Loan Proposal

Am requesting this loan for buying a coloured machine (Bizhub C220 - Konica Minolta) for my bureau, the one am using at the moment it is a black cartridge kyocera mita machine, this machine will cost kshs. 100,000/= that is equal to USD 993, because i have a lot of customers and most of them are requesting for quicker machine and this Bizhub can make my work easier because it is a big machine produces both coloured and black copies and also printing pictures in high speed. which per can give me a profit of kshs. 1,500/= per day and it will increase more customer who need quick services.

Show original English  

About Me

I, completed my primary level in the year 1993, and in the year 1994 I joined high school but due to lack of school fees I dropped out. March 1994 I traveled to Mombasa, I got a Job in a cyber as cleaner that where I worked and trained in computers. Due to my good work and experience, one of my client gave me a used photocopier machine and one computer where I started a small bureau.

My Business

I operate a small bureau, In my bureau I do photocopy and typesetting but the competition is high due to many and well equipped bureaus around. The profit I get from the shop is very low cannot carter for my life expenses. Thats why I,m seeking a loan to upgrade my bureau with more computers and stationery.

Dear Lenders,
I switched to another business of Sugarcane Juice, where by the business is doing very well i do crush 50pcs of sugarcane in one day. One pc of sugarcane sold at kshs. 35/= at our near buy market (Kongowea). 50pcs = Kshs. 1,750/= and when i sell the juice i get Kshs. 5,000/=. I employed a small boy whom i pay Kshs. 300/= per day. It is a good business whereby after my sells which is Total Sells Kshs 5,000 minus Kshs. 1,750 for sugarcanes and minus Kshs. 300 for the boy i remain with Kshs 2950/= Profit.

Dear Lenders,
I thank God and your support for making me be a businessman, This sugarcane Juice business is doing very well, though we operate in a open place using big umbrella to cover us for direct sunlight, But the business is paying thats why i want to add another Sugarcane Crusher Machine to extend my business after getting another good place. The machine costs Kshs. 50,000/= which is equivalent to USD 497. The place we buy sugarcane (Kongowea Market ) they reduced price of sugarcane from Kshs. 35/= to Kshs. 30/= because now i take more than 100pcs a day and i can crush 70pcs a day, thats gives me a good profit of Kshs. 7,000/=. i also added daily payment of my boy from Kshs 300/= to Kshs. 350/= plus lunch of Kshs. 50/= that totaling to Kshs. 400/= per day.

Loan Proposal

Am requesting this loan for buying a coloured machine (Bizhub C220 - Konica Minolta) for my bureau, the one am using at the moment it is a black cartridge kyocera mita machine, this machine will cost kshs. 100,000/= that is equal to USD 993, because i have a lot of customers and most of them are requesting for quicker machine and this Bizhub can make my work easier because it is a big machine produces both coloured and black copies and also printing pictures in high speed. which per can give me a profit of kshs. 1,500/= per day and it will increase more customer who need quick services.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$730.99

Date disbursed

May 25, 2018

Repayment status

Late

Projected term

12 months

Cost to entrepreneur

Service fee: $30.80

Credit risk payment: $123.21

Lenders

W

Witlof

Tsukuba, Japan

Dave Bogard

New York, United States

Kevin

San Francisco, United States

Carla

Amsterdam, Netherlands

A

Andrei

United States

JO

Johan O

Borlänge, Sweden

HCPSPIRIT

Helsinki, Finland

Paul Buchheit

Mountain View, United States

Tyler Metcalf

Utah, United States

Michael Bauschke

Dresden, Germany

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