More office supplies for my stationery business
Njang'i
Kahawa Wendani, Kenya
100% repaid
Entrepreneur
Name
Njang'i
Member since
June 2014
On-time repayments
40 installments • 28%
About Me
My name is Nathan Kamau Njang'i from Murang'a town and currently living in Kahawa Wendani in Nairobi. I am the third born in our family. I have studied business and Information Technology at Kenya Methodist University and I am currently a stationery distributor. My hobbies are researching, traveling and blogging. As a researcher, I market my business in blogs and website to look for more clients. I started this business a year ago after discovering that supplying stationery is not ventured by many, and it is less stressful since I manage my time, and create my schedules. Since I love traveling, I have developed a liking for supplying items and that's the reason I am currently doing what I love, supplying stationery (paper and office supplies, and writing implements).
My Business
I am able to fetch $400 a month from selling stationery. Therefore, from this income, I will be in a position to repay the loan because I have a constant income every month. Given the loan, I will expand my business by buying more stock. Basically, this business is very promising because I have a target market in Nairobi and its outskirts. More shops and institutions are being opened and this is a good catch. Like any other business, I am once in a while faced by challenges particularly with delayed payments which slow my transactions and expansion of my business. For instance, I spend close $700 to purchase rims, paper and office supplies and writing implements. After selling them, I get approximately $400 profit. However, this business is quite rewarding and given a chance to expand it, I believe that I will do tremendous. Once I am given the loan, I will be in a good position to purchase more rims, pens, and writing books which means that I sales will increase as well. I be in a good position to repay the loan in due time, say 2 months.
Loan Proposal
Given $150 loan, I will buy more paper and office supplies, writing implements, and books. This venture will increase my stock which means I will supply to more clients. Subsequently, my sales will increase and so my profits. My dreams of becoming renown stationery supplier and entrepreneur will come true.
Feedback
Positive
1
Neutral
1
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jul 3, 2014
Repayment status
On Time
Projected term
9 months
Lenders
Seattle, United States
Ask Njang'i a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...