Purchase of new inventory for movie retail shop

Samwel

Nogoi,kiserian, Kenya

7% repaid

Entrepreneur

Name

Samwel

Member since

December 2015

On-time repayments

52 installments  •  81%

About Me

Thank you.
First while as a child born and brought up just like any other child in the rural community set up,i was taken to school where i grew up as a responsible child while helping my parents with their domestic activities like cultivation and fetching fire wood as well as water.when i finished primary school,i proceeded to secondary education and completed successfully.Troubles started when all of sisters and brothers became a burden to my parents.There was little resources and my parents were peasant with some times resulting to doing old jobs to make ends meet.This made hard for me to proceed to any technical training to get skills for employment.I wasted a lot of time waiting for any opportunity but all my effort proves futile.I decided to go to the nearby town to look for old jobs in order to be independent.Later after sometimes,i was called by my brother in Nairobi and promised to help me get something to do as a job.This didn't work.My brother operates a Movie Shop.I used to help him in his business until when became conversant with business.My brother helped me to start my own Movie shop and to today i am to have a good income generating business that i do in town while fully independent.What is unique about the land i stay is that community uphold and respect the contributions people make towards making a sustainable social and economic welfare.My children would like to be well educated and brought up in a better way possible as a responsible future citizens.
My hobbies are helping people realize their potential and how they can positively contribute to the society.

My Business

Well,as i have mentioned earlier,my business i selling all movies and series CDs & VCDs.I also sell memory cards and a few electronic accessories.These products are an all year on demand simply because they are for entertainment and comfort.Everyone would want to listen to new music,soothing Gospel songs and watch even the latest movie in the market.I remain most current in my movies and music CDs & VCDs.This puts my business and products on a all year on demand.I choose this business because i have a special interest in entertainment and i loved the job as well as making a good profit out of it.My typical cost are buying CDs & VCDs both music and movies/series to sell to my clients.I also incur cost of electricity and rent.I also buy memory cards and accessories for sale.Mostly my profit goes towards meeting my bills ,adding my stock of products and helping my parents back home.
Thank you.

Loan Proposal

I thank you great lenders for this opportunity to make me successful again.I have been doing good with the help of your funds.
In my next loan, i will once again varnished my business with the required items that will keep me on a profit gaining record at all the time.
I will also buy a Computer set at $75.00 and a Speaker at $49.00.
I will buy Movies CDs at $18.00,also on the list was Movie VCDs at a cost of $14.00.
Also on the list will be memory cards and the assorted ones at a cost of $27.00.
Again these are the fast moving products that will make me get an opportunity to repay your loan wit a good profit.
I will be able to pay my bills ,help my mother back home and give back to the society by contributing for children homes through our church funding.
My family will be so happy to get basic needs ,good health and better life.
On the other hand, my customers will be getting all that they needed at a one stop point.
The most important is that my profit will increase considerably to USD100.00 per week from the current USD80.00. This will be a big positive achievement in my life and that of those who depend on me.
In future, my business is even to add a Cyber to the movie job for maximum profit.This will be realized with time as i wait to grow
Thank you lenders and Zidisha for this platform.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$303.00

Date disbursed

Aug 15, 2016

Repayment status

Late

Projected term

64 months

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Daniel

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TG

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AdamP

Sunnyvale, United States

Umair Mahmood

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M

Meckel

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cyrus0302

San Francisco, United States

E

erozlum

Istanbul, Turkey

D

drjofleming

UK, United Kingdom

DeanDropshot

Oslo, Norway

F

Fiodal

Helsinki, Finland

Kjartan

Oslo, Norway

I

Interfree

Dubai, United Arab Emirates

Zidisha

Sterling, United States

C

cjmenchaca

Austin, United States

E

ericcamden

Berkeley, United States

J

JaMinLu

Concord, United States

S

SelvaMarcus

Green Cove Springs, United States

G D Export

Kolkata, India

M

MiguelC

Chicago, United States

rasmus

Bern, Switzerland

Quentin

Toronto, Canada

Cloudways

Malta, Malta

P

penguin3694

Chicago, United States

R

rpmccarthy

Sydney, Australia

southcentral

Zürich, Switzerland

ads68

Melbourne, Australia

P

Prysdahl

Marshall, United States

D

DThirteen

Miami, United States

J

JKorevaar

Springfield, Canada

H

halisi

assenede, Belgium

M

mkellerman

Shanghai, China

L

leeirel

Edmonton, Canada

S

sersche

Zurich, Switzerland

A

Adam3333

Hague, Netherlands

panamaman

Philadelphia, United States

fairspirit

Utrecht, Netherlands

T

Travtroe

Lanesboro, United States

BF

Bob Fitzjohn

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isabelv

Barcelona, Spain, Sweden

Hedwich

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Zal0m0n

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B

Bokolo

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gseletko

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F

Forfex

Zurich, Switzerland

B

bertvdlingen

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Lambie

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Matthieu

Switzerland, France

C

cranejoad

cazenovia, United States

xtrahardware

Cazenovia, United States

M

Mountainmanduy

San Jose, United States

E

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Marin county, United States

L

Lennert

Alphen aan den Rijn, Netherlands

Evan Lamos

Brussels, Belgium

G

GanSatya

United States

B

BobHope

United States

sderickson

Berkeley, CA, United States

O

oonbug

United States

John Makongo

Kitale, Kenya

Matching Fund

Sterling, United States

M

microlender

United States

ScholaNatura

Czech Republic

X

xavier

Toronto, Canada

M

meric

Australia

bcortazar

Peckville, United States

bb4dogs

United States

M

maverick

United States

mepster

San Francisco, Ca, United States

A

Arkad

United States

P

Panda6689

United States

TyWee

Manila, Philippines

A

AlphaAres

Azerbaijan

W

wesbh89

United States

J

jdelaporte

United States

Loungin

United States

Mikers

Netherlands

Bryan

Houston, United States

K

KiraDee

United States

S

stryker75

United States

GaloLending

United States

S

Stephan

Netherlands

KM

Kirsty M

United Kingdom

UN

Uwe Neumann

Frankfurt Germany, Denmark

Mark

Nijmegen, Netherlands

MW

Matt Willis

United States

H

Hazel

United Kingdom

Sandra

Böblingen, Germany

BB

Ben Bellows

United States

B

Brent

United States

PG

Paul Graham

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Rose Rodent

Scotland, United Kingdom

S

simchaboston

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Thomas

Sweden, Sweden

JC

Justin cohan

United States

K

Katka

St Albans, United Kingdom

DK

Danny Kelly

United States

RC

Rudi Chen

United States

Myria

New Mexico, United States

J

Jon

United States

K

Katharina

Germany, Germany

The Zinc Team

San Francisco, United States

WS

Warren Shen

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San Francisco, United States

JS

Jason Strauss

United States

P

Peggy

United States

JA

Joshua Axtell

United States

Day Family

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A

Ari

United Kingdom

VC

Victor Chong

United States

BE

Bob Ewing

United States

V

VJ

Canberra, Australia

RG

Ryan Gough

United States

BP

Bill Piper

United States

E

Ejvin

United States

PC

Peter Cordier

United States

MB

Mimi Botkin

United States

NK

Navid Kiassat

United States

Dean Suminski

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A

Anonymous

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Brandon Wright

Salt Lake City, Ut, United States

Paul Buchheit

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JG

Jake Gibson and Beverly Picardo

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