Inventory of stationary for my shop

Richard Ombachi

Nanyuki, Kenya

100% repaid

Entrepreneur

Name

Richard Ombachi

Member since

August 2015

On-time repayments

98 installments  •  62%

About Me

i am the 6th in a family of 13 children. after high school level i decided to pursue my destiny by refusing to pursue medicine as my parents suggested thus i followed the path of doing numbers as in i loved mathematics and thus i pursed anything that requires calculation and coming up with a desirable figure. in that passion i have pursued accountancy and i am through with all level of certified public accountants. i am pursuing a degree on the same. i am married to an accountant who also chose to join Kenya army and we are blessed with baby girl now two (2) years.

My Business

i have established a firm whereby i offer auditing, accounting, consultancy and agency services to the public. i have been working under senior auditors to gain experience which i have gained and i decided to start my own firm.
before the aforesaid addition i have been running a small business whereby i stock stationary and supply to my customers within and without Nanyuki town. i also own photocopier and computers to undertake photocopying and typesetting work. i have acquired substantial clientele that sustains my business and puts food on my table.
the business stands on its own whereby there is a good profit margin it maintains after payment of salaries, bills and rents.
out of the said business i was able to establish an office for consultancy and agency related services.

Loan Proposal

i wish to expand my business by opening three shops one within Nanyuki town because i have doubled the customers, one in Timau town where i have customers i serve from my current location and i would like to be on the ground closer to them and one at Naibor where i have done a survey and found out that no such shop is established in that town to supply stationery.
if i obtain a loan i will utilize it to increase my stock and establish shops in such manner explained so as to increase my sales and thus increase my revenues.
being good in calculating numbers so far every one thousand shilling i inject in into this business the output is always double.
all costs are minimized so as to achieve maximum profit out of the business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$74.64

Date disbursed

Aug 28, 2015

Repayment status

On Time

Projected term

8 weeks

Cost to entrepreneur

Service fee: $3.10

Richard opted to pay $41.52 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Lenders

PG

Paul Graham

United States

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