Loan to buy a duplicating machine for my movie shop

Jairo Wainaina

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Jairo Wainaina

Member since

December 2014

On-time repayments

268 installments  •  53%

About Me

My names are jairo wainaina from kiambu county a small village called kwambira, Am a member of a family of five, i went to muguga high school, i did not further my education due to financial stability so i became idle and kept watching movies all day.
I began accompanying my mother to farm and for many years i could feel hopeless and disappointed about my life,
One day a project named " kazi kwa vijana"was aimed at clearing bushes and repairing roads offered me employnent, i managed to save money which i used to start a small movie shop.
My hobbies are watching, Lots of friends come to borrow movies at my home so i found the need to start the business,
I like dancing singing and playing guitar, Am also into interior decorations.

My Business

My business "jairo movie shop" is a small growing movie shop where i sell movies do photocopy sell phone accessories,design wedding cards and repair phones,printing services.
The business is fast growing, i need more capital so to invest more and double my profits.
My area is a small shopping center where lots of youths like to watch movies play station games and using the internet chatting or social media, this made me realize a demand in movies and phone accessories due to advanced technology,
my cousin who works as an attendant in the shop also repairs phones so a customer can purchase a spare and fix his phone in the same place,people take pictures passports and also photocopies,
I make a profit of 200 to 400$ a month and use it to pay rent pay my cousin salary buy food and add more accessories in stocking the shop.
With ideas from other business men and friends whom are older than me in business i have been able to to now divide the shop into two and subdivided a small section for play station games room due to customers demand.

After buying a printer and introduction of snacks i now make an average of 380usd and sometimes it gets to 450usd this is a profit a increase of almost 150 usd in my total income on a monthly record analysis.

Loan Proposal

Am great full and happy to complete the payment of my second loan.
So far since i joined zidisha i have managed to buy a printer,a small fridge and introduction of snacks in my shop.
Its hard to get this cash together due to raising needs and responsibilities but zidisha has given me an opportunity to get the cash in large amounts and invest then pay it slowly and slowly.
I have made changes to my shop in four months time and i believe i will still push further to get to grow and expand my business even more.
In my area we have small towns and centers where roads are not good especial during raining seasons this makes lots of youths in those areas not to visit the shopping center regularly, so i tot of making movie copies and get two guys to go and sell to this area.
Its now three weeks and the sales are slowly increasing ,i operate in a manner that after closing the shop in the evening at 9;pm Kenyan time i copy the movies which will be going for sale the next day and because i use my single computer and only two DVD writers i spend a lot of time making this copies, i even go to sleep at midnight.
My dear lenders if i get a duplicating machine i will save time and be consistence in production of my disks,so please am humbly re guesting for this loan of 270$ and i will use it to buy the following items.
A good original duplicating machine at 180$
DVD empty disks five spindle at 30$
umbrella shade at 30$
adjustable table stand at 30$
save 30$ for facilitation of the outside sales.
this items will enable me to extend my sales as i target to get extra money outside the shop and boost my business improve my life live happily.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$301.38

Date disbursed

May 6, 2015

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Service fee: $11.26

Lenders

Zidisha

Sterling, United States

TheWhiteCat

Surrey, United Kingdom

F

flaguy999

Tampa, United States

C

CarolD

Hendersonville, United States

A

acolomitchi

Eynesbury, Australia

A

amish

San Francisco, United States

Immanuel

Darwin, Australia

M

maxep06

Fairfax, United States

A

Avalokiteshvara

Yau Yat Chuen, Hong Kong

J

Jamie

Vancouver, United States

C

CJAnderson

Sydney, Australia

H

HomesteadSchool

Glen Spey, United States

Sheena47

Ottawa, Canada

N

Neveda

Flagstaff, United States

U

UTLonghorn

Lincoln, United States

colochef

Montevideo, Uruguay

ashleeandjeanelle

Auckland, New Zealand

M

MACH1351CJ

HOMMELVIK, Norway

F

Fintons

Grand Rapids, United States

B

Britams

Amsterdam, Netherlands

claire.mcleland

Springfield, United States

P

Phoint

Zurich, Switzerland

S

Somniferum

Ontario, Canada

numbat

Perth, Australia

larsandanika

Langen, Germany

G

gertrude

Cumberland, Canada

K

Krish

Dubai, United Arab Emirates

R

ruthieonart

Plano, TX, United States

KBW_Fundation

Winterthur, Switzerland

A

asmoris

Toronto, Canada

TraciV17

Indianapolis, United States

O

olliepalmer

London, United Kingdom

T

TedEBear

Sparks, United States

W

WenShiDi

mobile, China

C

caldw142

Whanganui, New Zealand

S

Sclodfelter

Los Angeles, United States

sbyun

Toronto, Canada

J

Jamesd

Swansea, United Kingdom

F

Fritzimax

Pacific City, United States

I

icmoonchild

Haddon Heights, United States

O

ommthree

Egg, Switzerland

B

b_plok

Granada, Spain

J

jocke

Stockholm, United States

J

johanwinnubst

Amsterdam, Netherlands

paulclinton

malaga, Spain

M

MichaelSmith

Dallas, United States

L

LongTallSallymander

Menomonee Falls, United States

J

Justicar007

Longueuil, Canada

H

hokyplyr

Lincoln, United States

A

anonalender

Hampshire, United Kingdom

S

saraef

Nottingham, United Kingdom

A

AndrewC

London, United Kingdom

G

gradient

KFAR SABA, Israel

R

RickRozemuller

Groningen, Netherlands

I

idakaren

bonlez, Belgium

3

381inc

Beverly HIlls, United States

P

Paleomagick

Eldred, United States

Rena121

Sydney, Australia

C

Carlos

Barcelona, Spain

S

smetis

Kananaskis, Canada

S

Sreval

Manly, Australia

J

JabaStartBS

Tbilisi, Georgia

FriendinOregon

Hillsboro, Oregon, United States

C

Clivoss

Sarajevo, Yugoslavia

P

Pavane

Kungsbacka, Sweden

L

lewisfamily

Bicester, United Kingdom

B

bakedpotato

Middletown, United States

W

wilma95

napa, United States

V

VegaMansk

Woerden, Netherlands

Inspire

Calgary, Canada

D

danibm

Mannheim, Germany

E

Ekevu

Zürich, Switzerland

whiteboyinasia

Batu Ferringhi, Penang, Malaysia

N

NickLuder

London, United Kingdom

A

Alaska

Roscommon, United States

A

Adiuvo

United Kingdom

O

Ohio

Ohio, United States

I

inips

Oslo, Norway

T

ThereIsNoGod

Singapore, Singapore

D

doublehelix

Philadelphia, United States

S

serenity

Amman, Jordan

A

alettore

Schleinikon, Switzerland

E

eniid

Stockholm, Sweden

A

andprosper

World Peace, United States

M

mjohnson

Austin, United States

Mrdressup

Brisbane, Australia

D

Draka

South park, United States

N

nglogic

Warszawa, Poland

90803

Long Beach, United States

Svetlana3k

Harvard, United States

C

christopherttran

Toronto, Canada

J

JacobKate

Brisbane, Australia

JoaoManuel

Santiago Do Escoural, Portugal

M

MatthiasM

München, Germany

N

Nick

Colorado Springs, Colorado, United States

somuchjackson

Boston, United States

stroi08

Odense C, Denmark

E

Esseni

Cincinnati, United States

S

susurruses

Oakland, United States

M

mallika

Laguna Niguel, United States

Y

yunfangjuan

Palo Alto, United States

R

raisage

Cote Saint-Luc, Canada

A

Andrea

Berlin, Germany

A

andresol

Oslo, Norway

J

jaaron

Auburn, United States

E

edgrr000

Dallas, United States

C

Catch22

The Colony, United States

B

Budgie81

Norwalk, United States

H

Hal86

Sava, Italy

T

Tessa

Lake Mary, United States

J

jebediahFND

Oslo, Norway

HernanB

Berlin, Germany

R

rosebo

Bend, United States

Parkmobile

Fort Bragg, United States

G

Gdrvasc

Frederick, United States

B

Branjsmith

Philadelphia, United States

S

skohli

san francisco, United States

C

ClaraV

Gothenburg, Sweden

H

happytrailsjpd

South Bend, United States

A

andy.gayton

San Francisco, United States

M

markus61

cologne, Germany

S

samthewill

Winterthur, Switzerland

Q

QPWOEI

Norwich, United Kingdom

B

beachdisco

Manson's landing, Canada

S

Sunflower

116 Taylor Drive, United States

D

daylin

Chicago, IL, United States

Paul Buchheit

Mountain View, United States

I

idris

United States

N

Nicolaas

Doha, Qatar

S

Symoneous

Netherlands

TM

Theo Mbise

Switzerland

MW

Matt Willis

United States

Paul Buchheit

Mountain View, United States

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