Purchase of good laser printer replacement cartridges

Mike

Mazabuka, Zambia

100% repaid

Entrepreneur

Name

Mike

Member since

February 2014

On-time repayments

181 installments  •  16%

About Me

I am a middle-aged Businessman running two Internet Cafes in Mazabuka and Monze. I also own two complete houses in one town and city.
I am married to a Degree Holder with a job and we have two children. I am a distinction student, hard worker and self believer. I am also a Community participator.
Mazabuka is a small Sugar Growing town, surrounded by serious Diary and Crop Farmers both commercial and subsistence farmers. The town has a Nickel Mine 70kms away.

My Business

The Business (Noriasys Ltd) was established in 2008 and we are continuing to grow it organically without taking too much risks. As already mentioned, we operate Makwembo Internet Cafe in two locations and a small subsistence farm for general agriculture. We employ FIVE people on a permanent basis. We plan to continue growing our businesses within our means while enjoying life. We are very particular on how the surrounding communities in which we do our business benefit from our presence. Our current turnover is just around US$25,000=00 and slowly growing.
My pastime is spent mostly at the LIONS Club and playing social Golf with a lot of reading for my Business Management degree.

Loan Proposal

I NEED FINANCING IN ORDER TO PURCHASE "PROFESSIONALLY" RECYCLED REPLACEMENT CARTRIDGES FOR THE PRINTING SERVICE AT MY SHOPS. The challenge I have is to raise enough financing for the change or project. Zidisha could assist me with almost 80% of the required funds to make the transition. The initial project amount is US$200. All future printer cartridge needs should be addressed from the resulting sales. This will restore my lost revenue from using "bad" recycled cartridges while ensuring that I keep my operational costs down and continue to recycle old used printer cartridges.
My business has been suffering due to use of poorly recycled printer cartridges in an attempt to reduce costs. Unfortunately, they have been producing poor printing and could damage my printers. The other resulting losses were from print damages, customer service dissatisfaction and service rejection resulting in a business loss amounting to around 10 - 20% on this product channel.
Brand new replacement cartridges are too expensive but I can source cheaper professionally recycled cartridges at less than half the price for brand new ones and still send the used cartridges for recycling with the "Professionals" at a minimal cost.

Feedback

6

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$191.00

Date disbursed

Jun 14, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

Zidisha

Sterling, United States

H

hilde

seattle, United States

O

ocnis

Seattle, United States

Levi

United States

xtrahardware

Cazenovia, United States

A

ADISI

Bern, Switzerland

B

BenHittle

Salem, United States

T

thebonseung

Republic of Korea

Roy

Espoo, Finland

Johannes Duerk

Bochum, Germany

MW

Matt Willis

United States

Bryan B

Calgary, Canada

Ask Mike a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...