To buy a video camera for outdoor events business; weddings

About Me

Am Gordon Jeneby Kapuliaka from Awata, Busia County Western Kenya. I attended Kakoli primary school and later St Pauls Amukura High School where I passed well. Thereafter I joined Egerton University of Science and Technology and graduated with a degree in Bachelor of Commerce Accounting Option.
Am the fourth born in our family of five and the only child who has managed to go up to the university level in terms of education.
With hard life I was brought up by my parents in rural Kenya and a long period of unemployment I decided to venture into business and am very much grateful I can manage to take care of my family with the little proceeds I gets from business though I channel most of my returns back to business

My Business

My business is located in Amagoro town on your way to Amagoro primary school Opposite midland Hotel and has been operation for the past four years within the area. At the time of its inception, I was mainly dealing with business was computer maintenance and repairs, sale of photocopying papers among others. With time, I brought on board other services like internet marketing, developing project proposals and business plans. My major customers include schools and other learning institutions, churches, individuals, companies and other organizations using computers for various applications. The business yields average profit margins and has acquired a reasonable market share within its area of operation courtesy of the quality of services and products offered. This has enabled it to survive despite the stiff competition from other similar businesses. My business does amazingly well and has grasped a reasonably proportion of the market share over time. It currently yields a net profit of Ksh 50,000 (US $ 500) every month. I have one employee who is in charge of marketing and financial operations of the business. I am fully in charge of management of the business; a role which I have always played very well. Personally, as a businessman, I am very optimistic that such schemes as Zidisha will only reach us to greater heights and help us achieve our goals as individuals in the business world.

Loan Proposal

Halloo
It’s been great working with all of you, all over the world. I still remember four years ago a friend of mine introduced me to Zidisha and till now I don’t borrow money from banks. Zidisha is simply my trusted bank which I borrow and return money.
The first loan I took I bought a bigger printer, my second loan I bought a backup generator, my third loan I bought a laptop and my fourth loan I expanded my business to a neighboring town, which happens to be a county headquarters for Busia in Western Kenya.

Am normally keen when it comes to analyzing market trends, I have studied for quite some time and I have done my own market research regarding this coming venture which I want to borrow my loan for. I want to purchase a bigger and efficient video camera worth Ksh 80,000 (800 dollars). This product is going to tremendously increase my revenue base by 20% percent or even more.
Recently there has been an escalating demand for video coverage of events like wedding, parties, funerals, local political rallies and going by the latest market statistics, that area is still a virgin market that has not been fully exploited.
One of my employees has back ground knowledge of media communications especially the video coverage and editing this will boost my business since am going to appoint him to head the operation. Currently am earning an average net profit of Ksh 100,000 (100 dollars) and if I will expand my business and likely to get 20% increase in profits hence 120,000 per month (120 dollars). Of which I will repay back my loan with much ease.

Currently I have managed to raise half of the amount needed i.e. 40,000 (400 dollars) and I will top up with what I will get from my loan to pay for the video camera.
Apart from my second loan which too much rainfall and floods destroyed part of my business; it took me more than three months to recover to where I was initially. Therefore, I delayed to repay my loan for three months of which I later recovered. Since then, I have never delayed to pay back my loan and you can check at my repayment history.

I will always be grateful for this concept and for the entire Zidisha family for their continued support.

God bless you all.