Loan to buy spiral binding machine

Mwangi

Juja, Kenya

100% repaid

Entrepreneur

Name

Mwangi

Member since

September 2014

On-time repayments

24 installments  •  58%

About Me

I am Henry Ngure, 26 years old born in a family of seven siblings. having completed my degree course last year at jomo Kenyatta university of agriculture and technology where i was perusing a course in computer science. Since high school i have always been a technology enthusiast and that’s where i got my first computer packages lessons. Since then it has been a journey to satisfy my undying curiosity to know more and more about computers and technology as whole.

My Business

The business i run is my personal business. I run a cyber, i do typeset, photocopy, scanning and printing. The university is just around where my business is located and my main customers are students come for photocopy, printing and cyber services. My customers prefers my business to my competition because i am friendly and being a former student of the same campus , i understand what my clients want in terms of services and products . Having completed my course work , i am now committed to my business which i now operate from 0800hrs to 2000hrs. Having bought a new colour printer from my previous loan, my business revenue has risen from1500 to 2000 Kenya shillings in a day and am so grateful to my leaders.

Loan Proposal

Hello zidisha community, i really appreciate the selfless support offered to me by this community in terms of my previous loan to buy a colour printer which has contributed towards the growth of my business. However, am requesting for another loan of the amount stated above which will enable me to purchase spiral/comb binding machine that is aimed at enhancing my service delivery.
Since most of the students write and print their projects, research and assignments at my cyber and some lecturers might ask them to bind their work before presentation, am left with no option than to ask you for your support in getting one . Currently am using a borrowed one so as not to disappoint my customers who are very royal. The price charged vary according to the number of pages.
e.g from 1-30 pages = 0.3$
31- 50 pages = 0.5$
51-70 pages = 0.7$
71- 90 pages = 0.9$
91- 110pages = 1$
111- 130 pages = 1.3$
131>>pages = 1.5$
By buying this machine will help increase my revenue, i will appreciate your support once again. Am looking forward for a positive response in funding the loan.

Thank you in advance.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Feb 12, 2015

Repayment status

On Time

Projected term

2 months

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