Inventory of photocopy papers for my business

Nancy

Funyula, Kenya

100% repaid

Entrepreneur

Name

Nancy

Member since

August 2015

On-time repayments

12 installments  •  42%

About Me

Am Nancy Rose, I was born in 1989 and the fifth born in a family of Eight. I am a Kenyan by citizenship I hail from Busia County but now I stay in Funyula Sub-county and a Christian by religion.
I attended St. Andrews Bulanda primary school where I did my primary level education and later joined St. Thomas Aquinas Madende secondary school where I did my Form Four but it was after my parents had sold a piece of land so that I can finish my education.
Due to financial restrains and full of other commitments I did not manage to join university so I moved to Funyula and opened up a shop and started computer services (Netpaq Computers) in Funyula. At first I didn’t know whether the business would pick up for I didn’t have much of capital and materials to sustain peoples need but with time it picked up.
I do typesetting, printing, photocopying, binding, and laminating among others. I buy my goods in Busia Town but sometimes they bring for us the materials in Funyula town with some Indians who do normally sell for us the materials at a little bit cheap price. For instance I buy one ream of paper at 5dollars but sometimes it costs 4dollars per ream, the price rises with time and lowers with time it depends. My business booms during school days because I get tenders from schools to type set exams and do analysis also from offices e.g. Education office and Youths Office. But during closure the business goes down slightly. For during this time there no enough job to be done. But I do normally appreciate for what I get because I sometimes get a profit of 1000 dollars every month when my business is good, but when I goes down I get at least 500 dollars per month.

My Business

I operate a computer shop where people get their services of typesetting, printing, photocopying and many others. It involves buying materials from bookshops and Indians who get them directly from the company who sell at whole price. I later do my work for a profit.
A ream of papers costs 5dollars but sometimes it costs up to 4 dollars making a profit of 500 dollars to 1000 dollars should I buy a whole box at about 650 dollars . I want to use the loan to increase my stock and serve my customers continuously without fail.

Loan Proposal

Given the loan I want to buy Photo copy papers that are very essential in my business activities. Since at the moment they are out of stock in my computer service shop.
Owing to the fact that this is my first loan and due deductions prevailing the amount remaining will enable me buy the following.
three cartons of Photocopy papers which include 5 realms of papers each at 17 dollars. to a total of 88 dollars per carton.
The total amount to spent on all three cartons will be 266 dollars.
These in return will earn me a profit of 4.5 dollars per realm if I sell on retail but when used on photocopy this will earn 20 dollars in profit.
In total the whole load will earn me an average profit of 300 dollars in a period of one and a half months.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$125.00

Date disbursed

Aug 28, 2015

Repayment status

On Time

Projected term

6 weeks

Other loans

Lenders

PG

Paul Graham

United States

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