Entrepreneur
Name
Muhande
Member since
April 2014
On-time repayments
330 installments • 72%
About Me
My name is Zachary Muhande, a father of six children. Two school going and the other four are out of school. I was born 53 years ago in Western Kenya and later came to Coast region of Kenya where I was employed as an office machine technician.
I was employed for twenty years where I gained important experience and started my own business dealing with office equipment in 1998. The business has been in operation since then through hard work and support from family and friends. I am based in Mombasa but my family is in Western Kenya where I visit them once in a while.
My Business
My business deals with office equipment particularly photocopiers and computer printers. I also sell toner and ink cartridges for printers and photocopiers. I have one worker who helps me in the workshop and to run errands. I also recycle toner cartridges for clients who cannot afford to buy new ones.
I make a net profit of about $400 and an injection of more capital that I am requesting will go a long way in expanding my business.
Loan Proposal
I will use this loan to buy an assortment of printer cartridges to sell to my clients. I will also use some of the money to buy toner (powder) for refilling used cartridges which I then sell to low budget clients.
One new cartridge on average costs $50 and so with $800 I will be able to buy 16 pieces. I will use the $200 to buy toner and empty cartridges to refill. I normally sell these products to schools and companies which are around us.
I will be able to sell all these items within a short time and make a tidy profit. This way, I will be able to service my loan comfortably and expand my business territories at the same time.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$1,037.00
Date disbursed
Nov 18, 2017
Repayment status
Late
Projected term
47 months
Other loans
Lenders
United States
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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guenter Oct 29, 2017
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