New ink suppy systems for printers

Entrepreneur

About Me

My name is James Mburu Gicheru. Am 36 years old. I reside in Nakuru,Lanet. I am married to Mary Nyambura, and we have been blessed with 3 kids age 11years,7years and 3years.
I did my O-level in the year 2000 and later proceeded to do several short courses and did various jobs including employment in an insurance firm, real estate agency firm and as salesman. I quit employment in to be self employed in 2007 where I did various small businesses. In 2012 I did a course in printers repair and maintenance where I majored in small scale inkjets printers commonly used in offices. After completing the course, I worked on internship for another 1year where I gained good experience in this field. I proceeded to open my own business in late 2013 which is turning to be successful. My clients include those with printing beaurals, cyber cafes, students in colleges, instant photographers, schools, and the general enterprise fraternity. I have a small workshop in the CBD where I attend to the needs of my always growing number of customers. I also from time to time visit my clients in their stations to do routine checks and simple maintenance that do not need to be done at the workshop.

My Business

Different services have different charges ranging from Kshs 500 to kshs 2000.However services that require parts be replaced, attract a higher charge as the spares are also at a cost. Basically in a week a make around shs8000 and in a very good week between shs12000 and 15000. This translates to up to shs 40000-50000 in a month.
My basic every day expenses include transport shs2200 a month ,family upkeep about shs 15000 a month, house rent, water and electricity round up to shs 10,000 every month. I also pay for my workshop’s rent and electricity shs 4000 every month. My personal expenses while am at work are around shs 300 daily which is about shs 6000 monthly. I always set a side about shs 3000 every month for emergency, medical and entertainment for my family. I also pay sh 10000 monthly to my assistant at the shop.
My goals in 2017/18 are;
1. Cover a bigger area in Nakuru county as my customer base continues to grow
2. Stock up more products that go with my work eg inkjets printing papers, inks, tonners and ink systems (ciss),
3. Buy more spare parts directly from the importers which will expand my profit margin. These replaceable parts include print heads, logic boards, calibrators, power supplies, sprockets, cradle belts and encoders.
4. Acquire tenders to do maintainance and supply of printers and accessories to corporates, county and national government institutions
5. Stock more brands new printers

Loan Proposal

In my past Zidisha loans, i have seen your funding come in handy and helped me a great deal where am stuck. I have been a member since 2014.
There is no small money in business as long as it can be used to grow another.
I intend to buy new printer ink systems to go with new printers that am now selling. Each ink unit at wholesale price is ksh 1300, resale price is 1800- 2000sh. So am assured of a profit of at least 700sh on everyevery piece. If I buy at least 15 pieces on cash, the supplier will give me another 15 pieces on credit to make 30 pieces. If I manage to sell all in two months, then the same will happen again. Itbis also possible for me to sell all the 30 in one month. This will give me an added advantage because the supplier will increase his discounts and make the terms better.
Right now am managing to buy only 5pieces per week and it has to be on cash and at a higher price of 1650 hence am forced to sell at not less than sh 2200 to make good profit. This slowers my selling because of a higher price.
This loan will be a big boaster to my business growth and i look forward to growing to bigger loans. Thank you Zidisha team.

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