Computer for my stationery business

Nathan

Chingola, Zambia

11% repaid

Follow Nathan

How it Works

Entrepreneur

Name

Nathan

Member since

June 2017

On-time repayments

48 installments • 71%

About Me

Nathan Chola is my name,I am a third born in a family of 10 and completed my secondary education in 2005 at samfya high school.
I overcame hardship when my job as a contractor employee was terminated in a mining company. I never had any other means or ways to earn my living,I had no money to pay rentals for the house and had no money to put food on the table that is how I came up with an idea of starting a stationary business and it came to reality when I started with a very little capital.
I started my business when my job got terminated and one unique thing about my culture is that the population is good for business and the land is a mining land for copper. playing volleyball and reading novels are my hobbies.

My Business

The services i provide is photocopying, printing, typing lamination and binding in a stationary also I do sale books,ball pens and pencils for the school going children and also students doing their tertiary education.
These services are useful in such a way that we have school going children who need books,ball Bens, pencils rubbers and also to print,laminate and photocopy their books. Not only the school going children but also the students doing tertiary education are the most vulnerable to this services. I chose this kind of business because it is in demand and few people own their computers and printers Also its not competitive hence I stand a good chance of having customers at any time
The typical costs which I have is transport to and from home also paying rentals for the shop were I do the business.I use the profit to pay shop rentals,transport and to reinvest in my business so that my services do not come down.

Loan Proposal

The loan will be used to buy a computer to replace the only one which was burnt during the power outage and also to buy ink to use in the catrage,the envelopes,books,plain papers tipex and cards at the cost of $400.the benefit this will bring is that the income will double,the profit and the services will be good to the community.since this loan is for the business i expect the profit to increase by 10%.