Expanding my photocopy shop

Emmanuel

Eldoret, Kenya

7% repaid

Entrepreneur

Name

Emmanuel

Member since

March 2016

On-time repayments

54 installments  •  46%

About Me

I am a 1st born in a family of 3, born in 1994 to a financially humbled background at koitoror village outskirts of Eldoret town in Uasin Gishu County. I attended Koitoror primary school and later joined Paul Boit Boys kapkong for my secondary school education where i passed very well and proceeded to university where i did bachelor’s degree in Actuarial Science.
During my period in secondary school I use to sell biscuits and sweets to my fellow students so i could earn pocket money for my upkeep in school. Later as i joined campus i applied for government student's loan where I used some part for my school fees and the rest to start my current business. As soon as I received part of the loan, I purchased a printer worth $50 basing on the current exchange rate. The business picked very well. Since the business is located around the university, printing and photocopy business is at boom. The culture of the students is very good and therefore it is a lucrative venture. I like reading, watching football and playing lawn tennis. I am good in making friends and having conversation on all aspects of life.

My Business

I have one printer and a desktop computer which are operational. I offer printing services at a cost of $0.03 per page and photocopy services at a cost of $0.02 per page. I also offer typesetting services at $0.1 per page. At an average, my daily printing and typesetting revenue is approximately $10 and those from photocopying are approximately $4. In general, my weekly revenue is $98. I chose this kind of business because the environment suits it. Students do print notes as well as photocopy so the demand is high. I incur maintenance cost of $30 per month but not that frequently, business rent of $50 per month and buying stationeries at $35 per week. Keeping in mind these low expenses incurred, this translates to higher revenue which I use to pay for my school fees and reinvest into business.

Loan Proposal

Since my current job is doing great. The number of customers I receive is promising. The problem is that, they request cyber service and I currently don't have. This has motivated me to bring the service to them. I will use $490 dollars to buy 4 desktop computers to start my mini-cyber. I am very positive that it will give me more revenue. By at least 30%.

Feedback

None

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$502.00

Date disbursed

Jul 9, 2016

Repayment status

Late

Projected term

61 months

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

Please log in to comment.

  • James    Mar 22, 2017

    Dear Lenders,
    I have since been able to contact Mr Emmanuel who informed me of his effort to make sure he do update his payments.
    Thank you.

    Log in to reply • Share
  • James    Feb 9, 2017

    Dear Lenders,
    I have not been able to communicate with Emmanuel. His phone number is out of reach.
    I called most of his referees but they declared not to know him.
    I will communicate to you when I learn of his situation.
    Thank you.

    Log in to reply • Share
  • Emmanuel    Aug 18, 2016

    Off season, low income

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  • James    Aug 17, 2016

    Dear Lenders.
    This morning I called Mr Koech concerning his Late payment status.
    He was very polite and indicated he will clear his late installments.
    Thank you.

    Log in to reply • Share
  • Emmanuel    Aug 9, 2016

    My income is low because the university is closing in a week time. Students are not in need of my cyber services

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  • Emmanuel    Jul 16, 2016

    Sorry for delay on the update. First and foremost, I would like to thank all the lenders for your generosity. I received the loan $49.78 which I applied for. This is the loan which is aimed at expanding my photocopy shop to a cyber. I ordered 4 desktop computers which are on the way, as soon as I receive them, I will post the photo here. I wasn't able to make the payment as scheduled and I am sorry for that. My finances are low but I will pay soon enough, at the course of the week. Thanks once again to all lenders.

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    • Matt B    Jul 16, 2016

      Thanks for the update. I hope your business improves.

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  • Matt B    Jul 5, 2016

    Good luck with your business!

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  • Emmanuel    Jul 5, 2016

    I Am a happy man. Thanks to all lenders for helping. As I said earlier, I will buy desktop computers for my cyber which I will run concurrently with my photocopy shop. This will increase my revenue .

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  • Emmanuel    Jun 22, 2016

    Thanks alot to zidisha. My first loan helped me so much. I bought a all in one printer for my photocopy center. It increased my revenue by 40%. I used the income to reinvest to business and also paid for my final year university fee. Since I cleared with my education, I am currently majoring in my business since it is my only income generating job. The income I received helped clear the loan within a short time.

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  • Emmanuel    Jun 13, 2016

    My business is now at its pick and profit I get is promising. Thanks alot to zidisha for making my dreams valid.

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  • Emmanuel    May 31, 2016

    Thanks to Zidisha Lenders. Currently my business is at boom.

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