Stock increase

Henry

Wang'uru - Huruma Village, Kenya

100% repaid

Entrepreneur

Name

Henry

Member since

March 2015

On-time repayments

111 installments  •  88%

About Me

I was born in Nairobi, in the slum of Mathare. I joined Mathari primary school in 1981. I was later enrolled in Eastleigh High School and Nairobi Institute College where I attained Diploma in Draughtmanship. I worked as a draughtsman until 2013 when I joined my wife who is a trained secretary in our family business. We have two children one in primary school and the other in secondary school. Both would like to join us when they finish school. Currently we leave in Mwea. This is a rice growing area under irrigation. When not in work I do community work and reading.

My Business

We started our business in 2010. We offer secretarial services i.e typing, printing, design of wedding and birthday cards and selling stationeries. We have currently started shooting passport photo. We decided to venture into this business after identifying the problem facing the residents: most of them are not learned. For instance some bring documents written in English to be translated in their mother tongue for them to understand. Our profit is currently 60% of our purchase which is approximately 480dollars per month. We use our profit to pay our family bills including school fees for our children and expanding our business.

Loan Proposal

Once i will receive the loan i will buy my stock of drinks since i have introduce in my business another type of sales i.e selling soft drinks. A create of drinks cost 9.1 $ and i need 39 create. Total 354.9 $. 14.54$ will be used to transport them to my premises and printing leaflet for advertising new product.
Once customers come to my business premises sometimes they decide to stay waiting their typing and printing works to be completed. I decided to introduce sale of drink for them as they wait. This makes them wait their work as they enjoy the drlnks with their friends. This will give me addition of 31.9% profit

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$485.00

Date disbursed

Jun 13, 2018

Repayment status

On Time

Projected term

6 months

Lenders

Cloudways

Malta, Malta

Jamal Hamou

Cascadia, Canada

V

Vidar

Oslo, Norway

RC

Rudi Chen

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

Adrian

Liverpool, United Kingdom

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

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  • Henry    Nov 3, 2018

    I am encountering financial problems but still hoping to complete the loan once the business stabilize.

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  • Henry    Sep 21, 2018

    I am currently facing some financial challeges in my business during this season in my locality. Business is not doing well as I expected.

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  • Henry    Jul 31, 2018

    We are in rice planting season and during this season people concentrate in farming leaving less activities in other sectors. I will resume to may schedule when the season is over.

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  • Henry    Jun 21, 2018

    I would like to adjust my loan because my business of selling drinks has not caught-up but expect to increase immediately it catches up.

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  • Henry    Jun 14, 2018

    I do thank my lender for the funding my business. I received Ksh. 36,944 and I bought soft drinks to sell to my customers, expecting additional profit in my business. God bless you.

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  • Henry    Jun 12, 2018

    I give thanks to all my lenders for their continuous support in my business expansion. Once i receive money i will buy soft drinks for my customers which will enable me to increase my profit. God bless you.

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  • Dao Nguyen    Jun 7, 2018

    best wishes, Henry

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  • Henry    May 18, 2018

    Thank you for your continuous support. The last loan help me to increase my stock of paper and ink for printing T-shirt . Customers now have confidence that once they bring their T-shirt for printing they will get them on time.

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  • Henry    Dec 20, 2017

    Dear my lenders, thanks for your continuus support in my business. i would like to inform you that i bought the stock for my heat press machine and i am confortably serving my costomers. I do expect to complete my loan this week.
    Thank you for support.

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  • Henry    Jun 22, 2017

    I do thank my lenders for enabling me to buy stock for my business. I will buy sublimation heat transfer papers and sublimation ink for my branding works. This will help me to serve more customers.
    My God bless you.

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  • Henry    Jun 15, 2017

    Thanks my lenders for making my life to be different. I can now preach the word of God comfortably to my community and convince them to change their ways of life and belief God. Have completed my Diploma in Theology course i can comfortably do my business and also be able to preach the word of God to my customers.

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  • Henry    Jul 4, 2016

    Dear my lenders for the past one month business has not been good for me. This is due to breakdown of my photocopier machine which needs spare parts replacement. I am hoping the business will be okey coming end of this month. I will however try my level best to pay my loan on time.

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  • Baya Tsofa    Jul 4, 2016

    Hi Henry .
    Its is not a problem to reduce your instalment amount.
    Please reduce the amount and start making the payments.
    Regards Baya your VM.

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  • Henry    May 16, 2016

    I would like to reduce my payment so that i can able to pay on time.
    During my submission i requested to be paying my loan at Ksh. 1,800 weekly. When the loan was disbursed to me the schedule of payment was Ksh. 3,000 which i cannot make to pay on weekly basis, considering that the money i received was to pay my college fees but not to increase my business stock which could be increasing my income.

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  • Henry    Apr 26, 2016

    Dear my lender
    Thanks for you assistance. I received Ksh. 39214 and I was able to pay my final semester, This could block me to participate in graduation ceremony which was less than one week's time. Graduation ceremony took place on 23rd April 2016.
    Thanks a lot, may God bless you.

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  • Henry    Apr 14, 2016

    I will pay my college fees.
    After my graduation i will be able to preach to my community people convincing them to move from their sinful nature and belief in God.
    I do thank my lenders for their continuous funding. May God bless you.

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  • Henry    Apr 4, 2016

    I do hereby thanks my lenders for making my business successful. The loans have increase my customer’s confident because of large stock which has made my customers to trust my business. No customer has ever complain of unfinished work because of lack of enough stock since i joined zidisha.

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  • Henry    Dec 12, 2015

    Hope you are doing well in your country.
    Here in Kenya am doing well in my business and i have greatly increase the sales in my business. Today is our independent day and i am spending the day with my family to cerebrate with our 52years of independent.

    May God bless your for your support

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  • Henry    Sep 25, 2015

    Dear lenders.
    I do thank you for your assistance i have now bought materials for construction of shelves and display and a have added more stationeries. I believe shortly new display will be ready.
    May the Almighty God bless you

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  • Henry    Sep 23, 2015

    I do thank my lenders for the support they have given me in terms of financing my business. You are indeed part of my business because without you i can not achieve my vision.
    I will start now buying materials for construction of shelves and display for my business, then add more stationeries. This will help to attract more customers and also make good income.
    Thank you, my God bless you!

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