Cds/dvds & computer accessories for entertainment business

Stanley

Kitale, Kibomet Estate, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Stanley

Member since

January 2015

On-time repayments

54 installments • 48%

About Me

I am Stanley Macheso from Kitale Kenya, I Am the third born in a family of 6. I am a college leaver and I stay in Kibomet Estate.
I am hardworking and determined young man. the challenges of lacking school fees in school and college has given me the motivation to excel in life.
I do believe that the courage i have has made be to be what i am today.
My hobbies are Watching movies, socializing and visiting places
I have a business that has existed for one year and Six months.

My Business

By business is called AMC Entertainment. It has been in existence for one year and six months. It deals with sale of Movies, Songs, and Other entertainment Things. I also Sell Blank DVDs and CDs to people.
The Business generates a Daily Gross of Kshs. 2500 per day with a net of Kshs. 1300 per day. It has potential for growth and i know with an additional capital injection. it will help me increase stock to boost my sales.
The Profit i get goes to Paying the rent and Meeting my personal needs. the rest i use it to add more stock

Loan Proposal

I deal with sale of Blank CDs, DVDs, Flash disks, and Movies. The business has grown and so the daily income i get has helped me cater for my needs and get an extra income to invest in other agricultural projects.
The loan i am asking is to help me Buy more accessories that will go a long way in increasing my sales because of the extra income i hope to get. The market and opportunity for growth is so much. The daily sales range from $30 dollars and hence with this i have a daily profit of $4 i believe that i am on the right path to growth.
Below is the budget for the loan and how i will use it:
CDs/DVDs= $20
Flash disks= $25
Computer accessories for resale= $60
Thank you in advance

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Loan Info

Project Type

Classic Loan

Disbursed amount

$198.00

Date disbursed

May 13, 2015

Repayment status

On Time

Projected term

3 months

Other loans

Jan 2015: $100

Jul 2016: $360

Lenders

Paul Buchheit

Mountain View, United States

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Stanley Jul 11, 2016

I am so humbled to have been funded. I thank you and promise to work hard and repay the loan

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Stanley Sep 23, 2015

Hi, am Stanley Macheso just completed my loan payment at your organization really glad for your support,have expanded in terms of sales and inventory more customers are streaming in and its all because of your support,thank you for this. Due to progress in my business i would really like more support from you, will need more cds,dvd,computers to be more efficient in service delivery,Shortage of computers,dvds and cds stretches my work a lot, your support will change much in may business I promise to adhere to your requirement and pay as stated

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Stanley May 13, 2015

It has been a humbling experience to get another round of funding from zidisha. I am so thankful and i believe that this loan will go a long way to help me in my business.
Thank you so much lenders and i hope to achieve more with it.

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Stanley Apr 30, 2015

Access to Zidisha has opened an opportunity to access funding in a way i couldn't have managed before. The loan gave me an opportunity to grow through the additional stock that i bought. The increased stock helped to increase the profit margin and hence add an extra income. Thanks to Lenders and Thanks to Zidisha

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Stanley Jan 24, 2015

I am more than grateful that you funded me. it will go a long way in helping me achieve what i intend to achieve. I am humbled and i know my business will grow to great heights because of this funding.
Thank you

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