Loan to buy a duplicating machine for my movie shop
Jairo
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Jairo
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$301.00
Date disbursed
May 6, 2015
Repayment status
On Time
Projected term
6 months
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Summary
Amount repaid
$316.44
Amount remaining
$0.00
Date repaid
Nov 13, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 17, 2015 | $22.60 | May 17, 2015 | $22.60 |
| May 24, 2015 | $22.60 | May 17, 2015 | $0.01 |
| May 25, 2015 | $22.59 | ||
| May 31, 2015 | $0.19 | May 25, 2015 | $0.19 |
| Jun 7, 2015 | $11.44 | Jun 7, 2015 | $11.44 |
| Jun 14, 2015 | $11.44 | Jun 7, 2015 | $0.22 |
| Jun 10, 2015 | $11.22 | ||
| Jun 21, 2015 | $11.44 | Jun 10, 2015 | $0.44 |
| Jun 17, 2015 | $11.00 | ||
| Jun 28, 2015 | $11.44 | Jun 17, 2015 | $0.33 |
| Jun 29, 2015 | $11.11 | ||
| Jul 5, 2015 | $11.44 | Jul 4, 2015 | $11.11 |
| Jul 13, 2015 | $0.33 | ||
| Jul 12, 2015 | $11.44 | Jul 13, 2015 | $11.44 |
| Jul 19, 2015 | $11.44 | Jul 13, 2015 | $0.32 |
| Jul 20, 2015 | $11.12 | ||
| Jul 26, 2015 | $11.44 | Jul 20, 2015 | $0.04 |
| Jul 26, 2015 | $11.17 | ||
| Aug 3, 2015 | $0.23 | ||
| Aug 2, 2015 | $11.44 | Aug 3, 2015 | $11.10 |
| Aug 10, 2015 | $0.34 | ||
| Aug 9, 2015 | $11.44 | Aug 10, 2015 | $11.00 |
| Aug 18, 2015 | $0.44 | ||
| Aug 16, 2015 | $10.72 | Aug 18, 2015 | $10.72 |
| Aug 23, 2015 | $5.56 | Aug 26, 2015 | $5.56 |
| Aug 30, 2015 | $5.56 | Aug 26, 2015 | $0.06 |
| Aug 31, 2015 | $5.50 | ||
| Sep 6, 2015 | $5.56 | Aug 31, 2015 | $0.06 |
| Sep 10, 2015 | $5.33 | ||
| Sep 15, 2015 | $0.17 | ||
| Sep 13, 2015 | $5.39 | Sep 15, 2015 | $5.39 |
| Sep 20, 2015 | $0.00 | ||
| Sep 27, 2015 | $2.22 | Sep 23, 2015 | $2.22 |
| Oct 4, 2015 | $2.22 | Sep 23, 2015 | $2.22 |
| Oct 11, 2015 | $1.11 | Sep 23, 2015 | $1.11 |
| Oct 18, 2015 | $5.56 | Sep 28, 2015 | $5.56 |
| Oct 25, 2015 | $5.56 | Oct 6, 2015 | $5.56 |
| Nov 1, 2015 | $33.33 | Nov 6, 2015 | $33.33 |
| Nov 8, 2015 | $33.33 | Nov 6, 2015 | $11.11 |
| Nov 9, 2015 | $22.22 | ||
| Nov 15, 2015 | $40.50 | Nov 9, 2015 | $11.11 |
| Nov 13, 2015 | $29.39 | ||
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