Entrepreneur

About Me

Am a kenyan citizen living in Nakuru county Nakuru town in the Rift valley kenya currently married with 3 kids and living in an estate called Lake view.This estate is mostly inhabited by low income earners as myself because we get cheap housing that can fit into our income therefore am not strained in paying rent . This area also offers cheap food for me and my family.It is situated next to the main gate of Nakuru national game park. After looking for employment in my town and elsewhere and finding none i took it upon myself to start something that sustain me an my family and the thought of hiring a copier came into my mind. I'm an o level and could not find employment so i opened and set up a copy shop where am running a hired copier to produce photocopies for my customers and clients.This copier's hire cost me a lot of money and therefore reduces my profit margin significantly.The earning i get from the business helps me to pay my rent,food for my family and the rest used or hire of the copier and other inventory.this has strained my resources because the hire charges are constant irrespective of the current day sales or the changing market forces.

My Business

The reason why i would like to be lent a loan is that i would like to upgrade my business and there after have an edge over my competitors. i have done my own research and found out that many of my competitors have not ventured into the business of documents lamination.I plan to buy an A3 size lamination to do this job as part of the upgrade.With this loan i will be able to acquire a lamination and have an edge over my competitors.Laminating an A3 document costs ksh.80 per document , Laminating an A4 document cost Ksh.50.From this i will make enough money to pay back my loan to Zidisha and here also i will be able to make enough money to help myself and my family.I do provide copy services from hired machine and i intend to purchase my own lamination machine to subsidize the hired machine.Those customers who come to my business to make copies of their documents will have a one stop shop whereby they will be able to to have their documents laminated here also and this will increase the number of customers visiting my business premise.This therefore will increase my monthly revenue significantly. My typical monthly sales is approximately ksh.15000 less cost associated with business of ksh9000 the gross profit s ksh.6000.After the acquisition of the lamination i project that the sales will increase.The major risk to my business is political risks as an occurrence of political risk will prevent customers from accessing the business.

Loan Proposal

The previous loan that I received helped me to improve my business and my customers have greatly increased since then. I will use the money advanced to me by Zidisha Inc to purchase a new photocopying machine. The demand for photocopying services has seriously increased and competition is low. The photocopying machine will bring an income of Ksh 1,000 everyday and it will therefore be easy and possible for me to repay the loan to completion. Thank you to Zidisha Team.

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