Separate power meter for photocopy business

Franklin

Nakuru, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Franklin

Member since

August 2011

On-time repayments

321 installments • 24%

About Me

My is Franklin married with one child am hard working and determined Kenyan.I have a business that is located at Kaptembwa
Majority of our customers are the residents of the area
The main line of business is suppliers of small selected items like sweets, polythenes etc , photocopy and mpesa
Kamptembwa area is a semi slum and has more the 10,000 residence. I have diversified in my business to ensure that there is continuous profitability.
The main challenge of the business is limited lack of funds and we plough back most of the business profit to ensure business growth. The future plans of the business is to become a small wholesale and include more products than what we are currently having.

My Business

My business is currently located at Kaptembwa area in nakuru town
The main business is photocopy, Mpesa and supplies of sweets and polythene.
On average the business makes 1500 per day which translate to around 40,000 per month
MONTHLY EXPENSES
stocks 15,000
rent 3,000
electricity 1,500
salary and wages 9,500
TOTAL EXPENSES 29,000
TOTAL INCOME 21,000
TAX 1500
This shows monthly business accounts and I believe that if I can have more capital business revenues can increase.The business faces competition from other business hence we need to diversify our products and that is why I need some funding so that I can add stock for my business.

Loan Proposal

Thanks a lot Zindisha team, I was able to take business license. Since the time i moved to my new business premises we have been sharing meter but other tenants have complained that my power consumption is very high. I have applied for meter separation from Kenya power and the total cost is $ 82 inclusive of $ 29.3 meter deposit.
It is my hope that you will consider my loan application to be repaid within seven weeks.
Thanks in advance
regards
Franklin

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Loan Info

Project Type

Classic Loan

Disbursed amount

$79.00

Date disbursed

Apr 8, 2014

Repayment status

On Time

Projected term

3 months

Other loans

Lenders

Jason

Auckland, New Zealand

jcmfl

United States

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Franklin Aug 28, 2021

I closed the business and would like to resume loan payment. My business is okay now

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Franklin Jul 9, 2019

Businesses poor performance

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Franklin May 7, 2016

My business had challenges. My employees was recalled back home and i had to stay without an employee for a very long period. Currently i have another employee and the business is picking slowly.

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Samuel Mar 27, 2016

Hi lenders, i contacted Franklin Mwirigi and he promised to pay his loan. thank you.

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Franklin Feb 1, 2016

Thanks a lot Zindisha team i applied for a loan of $70 and within aweek it was funded and disbursed
Was able to buy one bale of SECOND HAND CLOTHES and my sales have increased by 30%
Thanks a lot for changing our lives here in KENYA

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Franklin Jan 26, 2016

Thanks a lot lenders for your support
My business is now profitable because of finacial support from Zindisha

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Franklin Jan 26, 2016

Thanks alot Zindisha team I will forever be grateful for your continued support.
My last loan was $7 although $5 was used as fund security for future loan, I used the balance to add stock to my Mitumba business.
My Business was doing well due to back to school hence most parents were buying second hand clothes like jackets shirts for their kids. Hence i was able to pay the loan ahead of time.

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Franklin Dec 5, 2015

Thanks alot lenders from the loan that i was advanced i was able to repair my photo copy machine and now it is working very well.
Thanks alot for your continued support

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Samuel Oct 27, 2015

Hi lenders, i have contacted Franklin Mwirigi and he promised to resume paying his loan. thank you.

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Franklin Sep 29, 2015

The loan that was advanced to me was used to get business license and am very grateful to zindizha members.
However the business have been low but i promise to clear the loan immediately business get back to normal

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Samuel Aug 21, 2015

Hi Lenders, i have talked with Franklin Mwirigi via short message and he has promised to resume paying the loan immediately. thank you.

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Samuel Aug 12, 2015

thank you for your on time repayment

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Franklin Jul 30, 2015

hanks lenders for funding my loan. Am so grateful and this will my business grow

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Franklin Jul 20, 2015

Thanks a lot zindisha team for your continued support.
We really appreciate what you have done to our small business.
courtesy of the loan you gave me last my business is running well

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Franklin May 7, 2015

Thanks a lot zindisha team it is great having you as my business partner the relationship that i have with you though you are many miles always is so close and therein case of need. I don't take this fr granted.
There has been challenges here and there but we are progressing well.
The loan you gave m,e enabled to have an mpesa shop that is currently doing well.
Hoping that you will continue supporting our business
God bless you

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Franklin May 7, 2015

Thanks lenders for your continued support am so grateful for the loan i have just finished though the business was not very good due to dry season experienced in January to April but my business is growing steadily.
I would like some finances so that can take operating license that cost 7500 /= from the government

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Lawrence Feb 20, 2015

hi lenders?
I have finally managed to reach Franklin after many trials and he is actually paying today as he has promised.

regards
VM

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Franklin Jan 5, 2015

The business is very low and currently am incurring heavy family expenses. It is not my will to default. I thought i will be able to clear my loan by the end of December but difficulty financial circumstances limited me.
I promise to continue paying the loan without default. The money that i was given i invested well with the stated purpose but the return on investment is slow. We expected to do good business in December but my photocopy machine broke down and i also incurred a lot of repair expenses

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Lawrence Dec 31, 2014

hi lenders
franklin mwirigi phone is going unanswered for the last few days will keep trying

regards
lawrence

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Franklin Nov 10, 2014

I had issues at home but they are now sorted. I need to clear the loan and see whether i can access another loan
December season is coming to a close and there is good business. With the money I got i bought photocopying papers and am able to sell more than 3 reams per week.
every ream has a profit of 300 hence i make 900 per week from selling photocopying papers alone.

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