Funds to publish my motivational books
Geofrey
Langalanga Estate In Nakuru, Kenya
100% repaid
Entrepreneur
Name
Geofrey
Member since
January 2015
On-time repayments
141 installments • 81%
About Me
I am Geofrey Yegon, born sixth in a family of nine children; five brothers and three sisters.
I started schooling at the age of 5. I attained a primary school certificate, then a secondary school certificate, after which I proceeded for my university studies where I graduated with Bachelor of Arts in Philosophy.
I was once invited to give a motivational talk to a group of young adult in a church which was far from home. At that time I did not have fare for my transport. I could not decline the invitation but I had to find ways to get funds. I borrowed some money from a friend who conditioned me to refund in two days time. I printed five books, after which I sold I refunded my friend and I got money for my transport. As a result, this is exactly how I came to start the business.
In my culture, I find it very interesting and unique that we drink milk from the calabash itself and not pouring in a cup. This could sound weird but take for breakfast, lunch, evening instead of tea and supper for the whole week.
My Business
I do write books and sell. Each book costs $3. The cost of production for one book is $1.9. So I get a profit of $1.1. I have improved from selling an average of 200 books per month to selling an average of 500 to 1000 books in a month. They are motivational books that touches people's lives. People buy these books because they need spiritual, emotional, and intellectual empowerment. I do this business because I am good at it, I am gifted in writing and I chose to use my talent of writing in generating income.
When I get income I cater for my food, transport, rent and buying house utilities.
Loan Proposal
I will use my second loan to produce more extra books in order to make more sales thus making more profits. I will, therefore, use the money to purchase the following items; 15 reams of photocopy papers which will cost me $75, I will buy 350 cover pages for the books and this will cost me $65, the remaining money I will use to pay for the printing press that will produce the books, this will cost me $55.
This will magnificently increase my monthly sales thus bringing me tremendous income. I will able to expand the business and be able to cater for my needs. I will also be able to save the revenues, re-invest the revenues in the business and also pay the weekly repayments to the Zidisha lenders. This business will also help others because the readers of the books will gain knowledge and wisdom to change and live their lives positively. The printing press also will gain profit because I will give them the job of producing the books, thus those working to produce the books will have something to feed their families and sustain their business.
I do expect to increase the profit by 80%. Looking forward for a greater change. T
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Loan Info
Project Type
Classic Loan
Disbursed amount
$198.00
Date disbursed
Apr 20, 2015
Repayment status
On Time
Projected term
11 months
Lenders
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Jane Oct 20, 2017
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