Loan to buy photocopy papers

Jully

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Jully

Member since

October 2017

On-time repayments

24 installments • 79%

About Me

I was born in a family of 18 (polygamous family),schooled in a public primary,excelled but lacked fee for high school,sort well wishers and i was assisted through my high school education. After excelling from high school i applied for government scholarship and it funded my university education. Due to unemployment i opted to open a Salon in a nearby shopping center to at least carter for my needs and even support my siblings.In my locality people do not have business mind sets and therefore more business opportunities are available which not been explored.My sons says he wants to be an Engineer when he grows up. When free, i visit orphanages and the needy in the locality.

My Business

I run a salon which was the best opportunity i spotted since there was no other salon in the same locality,and yet there were many ladies who needed the services.The costs are one time and expensive since they involve high cost equipment.However,the profit margin is attractive.The profit i get goes to home basic needs and also use a portion to support the needy in the society

Loan Proposal

I wish to apply a loan to buy photocopy papers. I acquired a photocopy machine ready to use for the business but a lack the photocopy papers to start. The business is located at a busy place next to the institution of higher learning (university of Nairobi school of business campus) where there is ready market since students photocopy notes and other learning materials. This will be of important since it will generate income for my family and also i will employee an assistant to help in the business thus promoting employment in the society. It is expected that the business will give $350 which is a good amount to repay the loan and also run the business. With time it is also expected that the business will continue improving in terms of revenue. Thanks in advance

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M
Margaret May 30, 2018

The loan was paid off in a timely manner.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$27.00

Date disbursed

Feb 22, 2018

Repayment status

On Time

Projected term

2 weeks

Other loans

Lenders

Nancy and David

United States

Mark Rowlatt

Peterborough, UK, United Kingdom

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Obed Jun 3, 2019

Hi Lenders,
Jully is expecting some money from a friend to clear her arrears and she is requesting you be patient with her.

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Jully Jan 7, 2019

Thank you lenders for the loan. i will use the loan to purchase photocopy papers so that i make more income through smooth operation towards serving my customers. Thank you

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Jully Oct 28, 2018

Hi lenders, thanks for the loan. I will use the loan to buy laptop for typing and printing in my business. This will increase my profit. Thanks a lot

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Jully Oct 26, 2018

Hi lenders, thank you for the loan you advanced to me. i used the loan to expand my business space for photocopy business to accommodate my new employee. This has made my business effiecient and therefore generates 20% more revenue from the previous income. Thank you alot

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Jully May 31, 2018

Thanks lenders for the loan. i will expand my business space to accommodate more customers for my photocopy business. This will also enhance business efficiency and effectiveness in serving customers. Once again thank you

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Jully May 30, 2018

Thank you lenders for the loan you advanced to me. I used the loan to employee new assistant. This has helped my business improve in efficiency by serving many customers. With this regard customers have gained confidence in our services and therefore are loyal to the business. This has enabled us to increase the profit for the business by 40%. The increased profits has enabled me pay school fees for my son and also help pay fees for my neighbours child who is promising but lacks school fees for his education. If you continue with your spirit of supporting my business, i will be able to reap profit and help other need cases in my neighborhood. Thanks in advance

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Jully May 15, 2018

to finish the loan early

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Jully Apr 2, 2018

I wish to thank my lenders; Lee, Flaguy999, Margaret and Gernot Barnreiter for believing in me and advancing a loan to me. I intend to use the loan to higher a new employee for my photocopy business. This is to enhance business efficiency in serving my esteemed customers. Thanks once again for the loan which i intend to repay back within the stipulated and agreed period.

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Jully Mar 16, 2018

Hi lenders
Thank you for the loan you advanced to me. I used the loan to buy photocopy papers which have really helped me meet the customers demand. The profit has grown by 30% from the previous earnings. This has helped me purchase more photocopy papers that will eventually enable my business grow. I will also use the profit after some time to employ an assistant due to increased customers. Thank you

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Jully Dec 12, 2017

Hi lenders, i want to sincerely thank you for the loan you advanced to me. i purchased a blow drier which has enhanced efficiency and quality services to my business. This has in turn increased my business revenue by 30% from the previous revenue before the equipment. I look forward for your continued support to change positively change my life and the surrounding community in general. Once again thank you

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Jully Nov 26, 2017

My profit margin has increased as a result of increased number of customers towards Christmas season.

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