Purchase of a binding machine

Stanley

Egerton, Kenya

100% repaid

Entrepreneur

Name

Stanley

Member since

March 2014

On-time repayments

58 installments  •  71%

About Me

Stanley is a humble gentleman from a humble Christian background. Having been brought up in a Christian family i am impacted with strong moral conduct. I am a graduate in agribusiness management from Egerton university main campus. Due to lack of employment and 3 years of unemployment, i decided to start a venture, which would sustain my life and later help me further my education. I wish to enroll in master’s program once my business stabilizes. I purchase more stock to expand my business with the profits i get from my business as well as saving a certain percentage for my education. I also use some of the funds i get from the business help my younger siblings continue with their education at least to the level i am.

My Business

I wish to applaud Zidisha team for the support they have granted me so far. My business started as a small enterprise but have now grown to a large business. It started about an year ago and progressive changes have been occuring thanks to Zidisha. It started as a graphic design center, photo printing, and now have expanded to a cyber cafe. Zidisha has helped me purchase different equipment which i utilize in the cafe such as a digital printer, photo printing papers and furthermore relocation to a larger room.
I wish to thanks Zidisha and all the donors who have supported me this far. Once again, as my business grows there is a dire need for a binding machine. I which to purchase my own binding machine and return one i had borrowed from a friend. I have been renting the machine for quite some time now and it really does some good work. Upon purchasing my own binding machine, i will be able to enjoy the full profits from the binding work. I know Zidisha will financially help me in this.

Loan Proposal

My business is in dire need for a binding machine. Through the help that Zidisha helped me previous time, i purchased a very effective printer. The printer is a duo purpose printer where it can printer as well as photocopy. I have been printing numerous sheets everyday that also requires binding. Due to the lack of a binding machine, i have been sending my customers to a nearby cybercafe for binding. I therefore wish to appeal to Zidisha team to help me purchase a binding machine. This will also motivate my customers thereby not losing them to my competitors. According to the information i obtained from the sellers, a good binding machine will cost Ksh 3500. I will use the remaining funds to buy binding spillars, and back and front pages.
Thanks as you attend to my appeal.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$46.00

Date disbursed

Apr 28, 2015

Repayment status

On Time

Projected term

2 months

Lenders

J

jzidi

Los Angeles, United States

M

marcelitohb

Bremen, Germany

IM

Isak Maaseide

Tromso, Norway, Norway

dlpringle

Denver, United States

Dave Bogard

New York, United States

Cassian Opara

London / Dubai, United Arab Emirates

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