Loan to expand my stationary shop

Nathan

Chingola, Zambia

100% repaid

Entrepreneur

Name

Nathan

Member since

June 2017

On-time repayments

48 installments  •  71%

About Me

Nathan Chola is my name,I am a third born in a family of 10 and completed my secondary education in 2005 at samfya high school.
I overcame hardship when my job as a contractor employee was terminated in a mining company. I never had any other means or ways to earn my living,I had no money to pay rentals for the house and had no money to put food on the table that is how I came up with an idea of starting a stationary business and it came to reality when I started with a very little capital.
I started my business when my job got terminated and one unique thing about my culture is that the population is good for business and the land is a mining land for copper. playing volleyball and reading novels are my hobbies.

My Business

The services i provide is photocopying, printing, typing lamination and binding in a stationary also I do sale books,ball pens and pencils for the school going children and also students doing their tertiary education.
These services are useful in such a way that we have school going children who need books,ball Bens, pencils rubbers and also to print,laminate and photocopy their books. Not only the school going children but also the students doing tertiary education are the most vulnerable to this services. I chose this kind of business because it is in demand and few people own their computers and printers Also its not competitive hence I stand a good chance of having customers at any time
The typical costs which I have is transport to and from home also paying rentals for the shop were I do the business.I use the profit to pay shop rentals,transport and to reinvest in my business so that my services do not come down.

Loan Proposal

Almost everyone nowadays is using a secretarial service for various use such as filing, typing,photocopying printing, dictation and transcription services
therefore this loan will be used to purchase plain papers,books,cartridges and a printer at the cost of $122.this loan will benefit me in terms of business expansion and and my earrings will increase and for others they will have access to secretarial more especial students from colleges because am sorrounded by 4 colleges and tow are opening in january. So these services will be at their door steps. As most college students come to type there assignments at my shop. Once i receive the loan i expect the profit to increase at 100%.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$126.00

Date disbursed

Oct 5, 2017

Repayment status

On Time

Projected term

4 months

Lenders

Lisbeth

Perth, Australia

PG

Paul Graham

United States

Carlo Cruz

Cincinnati, OH, United States

Craig Newmark

United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

ZS

Zach Silveira

Asheville, Nc, United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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