Sale of small scale office consumables/stationery

Mercy

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Mercy

Member since

March 2014

On-time repayments

191 installments  •  87%

About Me

Am a young Kenyan woman living in Nairobi and with great ambitions,dreams and set goals. I am happy to report I finally graduated from campus in December 2014. My small business is currently taking care of most of my rent and house bills now that am out of college.
I started engaging in serious business from first year (2010/2011) to date. I have a passion for business and the success of that business.
The income I have been getting has helped sustain me in campus by catering for pocket money,bills and other basics. The need to earn and be independent drove me to start business while still in school and at a young age. I use my income to cater for personal needs and also for buying products for sale to clients.
With the current rate of unemployment even with higher level education, engaging in businesses is the way to go to ensure we make a living.

My Business

I have registered my small company under a sole proprietorship with hopes for expansion in Future. The business involves sale and supply of IT products and office supplies. I have actively engaged in sale and supply of computer and computer accessories, cartridges, office stationery and by order I sell laptops,tablets, power banks,printers and other office consumables.
I sell the products in retail for now due to lack of enough funds. I share a stall/shop with a friend in the CBD to enhance physical location of the business where new clients can be directed to for consultation and other purposes.
I hope to open my own shop with time and stock it well. I have loyal clients who call to make orders. My timely delivery of products, competitive prices and good customer relations enable my business to compete favorably in the market. The income I get will enable me repay the loan in time.
A loan will help me when it comes to sourcing for products on a client's demand when need arises.
I appeal to Lenders to help me achieve my set goals for making this business bigger, better and more profitable. The area my business deals in will always be marketable as people will always want IT products and the offices will always need the supplies and consumables. I try as much as possible to sell whats trending in the market to ensure I compete favorably.

Loan Proposal

Dear Lenders,
This loan will help me purchase affordable products to be resold to clients. Potential clients here are people with small scale offices who don’t buy office consumables in bulk. These are things like ink cartridges, printing/photocopying paper, bottled inks for refilling printers, office pins, staples and staplers, files, notebooks, pens, envelopes and others.
I already have clients for these things all I need is ready stock. Having ready stock, however less, helps in building confidence of even other potential customers. It will also give me confidence when I get orders from clients as I will be able to supply/deliver the products ordered in time. With ready stock also, am also able to market my business and the products I sell.
The products to be purchased range from a maximum of 35 Dollars (for cartridges) to as low as below 1 Dollar (for stationery).
I have local suppliers who will provide the products for me at affordable rates thus enabling me to resell at competitive prices which will yield quick profits. The profits which I will get will help me repay this loan back in time and also help in investing back on buying more stock. With time I hope to acquire more stock and build a larger clientele base.
My sort of business is preferred because people will always need consumables in their offices no matter what. With competitive prices I am able to compete favorably with others in the same deal. This loan will greatly help me to grow my business by helping me buy stock.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Mar 25, 2014

Repayment status

On Time

Projected term

7 weeks

Lenders

T

Tmann

Los Angeles, United States

E

Escalada

Bakersfield, CA, United States

O

osubucks45

United States

M

Michi

Switzerland

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