Stock printing papers to resell

John

Nairobi Kasarni, Kenya

100% repaid

Entrepreneur

Name

John

Member since

March 2014

On-time repayments

288 installments  •  14%

About Me

I live in Kasarani area in Nairobi, Kenya. I attended University of Nairobi and graduated with B.A Economics. I have been doing business in my life and currently running a printing shop, supplies and an mpesa as an agent. I believe in business as part of my childhood dream to manage my businesses. I am now in that course of dedicating my energy and vision to gather more money in business. I like the challenges that comes with entrepreneurship and this gives me satisfaction once I win. I plough back the profit I get into the business.

My Business

I run a printing shop and general stationery supplies and an mpesa agent. I am situated next to a college where there is a good traffic of students as well as other people. I provide quality services that give customers the ultimate satisfaction. I have challenges from my competitors but I am able to manage that through offering good services to my customers. I do get about ksh 100,000 a month as sales with a margin of about Ksh 40,000 as profit. My dream is to grow the business through product diversification to woo more customers.

Loan Proposal

Thank you my lenders. You have trusted me and I appreciate your effort. This is 3rd loan with Zidisha that I am bidding. The last two has been a success. I hope this will start to shape my business to another level. I buy printing papers in retail at a cost of about USD 5 per rim. The wholesale price is about USD 4. I want to buy in bulk and supply to other business people in my line of business. This will create additional revenue. An addition of USD 1 per rim. I will buy about 100 rims translating to 20 cartons of printing papers. I will enjoy economies of scale, save time and create about additional USD 100 per week (about ksh 8700 per week).
This is my humble request for the loan. Kindly effect a change to my business. I will be grateful for your lending hand. Thanks.

Feedback

4

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Loan Info

Project Type

Classic Loan

Disbursed amount

$407.00

Date disbursed

Jul 21, 2014

Repayment status

On Time

Projected term

69 months

Lenders

G

GalantnostS

Hong Kong, Hong Kong

Sideburnjack

Conroe, TX, United States

valentin

Stockholm, Sweden

tycho

Madison, WI, United States

D

dkapplerb

Toronto, Canada

AdamP

Sunnyvale, United States

E

erozlum

Istanbul, Turkey

J

jjonas

berlin, Germany

kickerofelves

Sao Paulo, Brazil

ads68

Melbourne, Australia

M

mkellerman

Shanghai, China

fairspirit

Utrecht, Netherlands

davidt

San Francisco, United States

calvero

Bergen, Norway

JTShorty

Gorham, Maine, United States

Zal0m0n

Atlantis!!!! x), Mauritania

Sarasota

Sarasota, Fl, United States

Matthieu

Switzerland, France

xtrahardware

Cazenovia, United States

markpearson

Portsmouth, United Kingdom

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

Vesa

Helsinki, Finland

Loungin

United States

Mikers

Netherlands

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  • John    Sep 15, 2020

    I need money to add computer accessories and printing materials in my shop. This will help with getting a wider clientelle base and attain higher growth rate in terms of sales and customers. I look forward to your funding.

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  • John    Mar 12, 2020

    Financial instability

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  • John    Dec 1, 2019

    I have quite alot of financial problems. I would like to readjust my repayment schedule.

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  • John    Sep 2, 2019

    Due to willingness to clear, i request to lower my repayment bundle

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  • John    Jun 19, 2019

    Economic slump coupled with inflation has affected my businesses .

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  • John    May 3, 2019

    I want to clear the loan soonest

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  • John    Nov 3, 2018

    I intend to offset my loan in less than six months.
    Please update my instalment I made this week

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  • John    Oct 29, 2018

    Dear Zidisha,

    I closed my business due to unavaoidable circumstances rendering me unable to service the loan. I'm willing to repay the remaining loan but requesting to to away with the accumulated interests and repay the loan in two - three months. It's a humble request.

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  • John    Dec 22, 2015

    Not doing well financially

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  • John    Oct 12, 2015

    I have in the course of re-establishing my business which I have immense hope and trust of recuperating well.

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  • John    Aug 24, 2015

    Trying to recollect myself after my business hiccups.

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  • Joseph    Aug 1, 2015

    Hello lenders ,Mr John is fine and still struggling to recover the losses in his bussiness, he promised to try his best to cover the amount in arreas
    regards
    Joseph.

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  • John    Jul 6, 2015

    I would like to review my repayment. Committed to repay once I stabilise.

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  • John    May 19, 2015

    Based on my closure of business and my printing machines lying idle but unserviced, I request to be paying Ksh 300 per month. This is what I would really raise it easily within a week.

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  • Joseph    Mar 31, 2015

    Hi Zidisha ,I contacted Mr John and he explained that he hasn't settled yet but he will be making his repayments this week.
    regards
    Joseph

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  • John    Mar 10, 2015

    Life has been difficult to me. Problem after the other. I was forced to close my business after the Landlord embanked on renovation of his business premises. We were later offered termination of lease because of change of businesses to occupy the building - leased to bank. This has edged me out of business with no business to operate. My idea is change of business and change of location. I believe I will revert to normal instalment in future.

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  • Joseph    Feb 27, 2015

    Hello lenders, i contacted mr John early this week and he explained that he will be making his payments by end month.
    Regards
    Joseph

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  • John    Jan 20, 2015

    My had to temporarily close the business due to machines breakdown after the strike of my targets (JKUAT). The returns were very slow to repair the machines after power surge affected all my electrical machines. I experienced losses. Besides, the landlord is doing rennovation of the premises for a 3 months period from this January.

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  • Joseph    Jan 7, 2015

    Hello zidisha team, I have contacted Mr John today concerning his past due payments and he said that he will sort it out soonest possible.
    Regards
    Vm Joseph.

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  • John    Dec 1, 2014

    Dear zidisha lenders iam very sorry for letting you down on my weekly repayments ,i had a problem since some of my machines broke down and this caused my business to go down. Just before i repaired them another problem came in , the jkuat university had a strike and this worsened the situation since they were my only customers .I am working on other ideas and i will let you know once i am through
    Thanks for your understanding.
    Regards
    John.

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