Upgrade my movie shop

Patrick

Nairobi, Kenya

26% repaid

Entrepreneur

Name

Patrick

Member since

October 2014

On-time repayments

33 installments  •  18%

About Me

I am a twenty five year old male Kenyan Citizen. I am the first born in a family of four. I have two sisters and one brother. Both my Dad and Mum are farmers in Othaya, Nyeri County.I live in Nairobi, Githurai 45 Estate opposite Ananda Marga School House Number 07. I cleared my high school studies in 2010. I came to Nairobi and joined Nairobi Aviation College for a diploma certificate in Information Technology (IT) in 2011. I started my business in 2012. This was after my parents got into financial problems and I had to make ends meet and educate myself.I operate a movie shop where i sell the latest movies to people in my community. The business has enabled me pay my course and also assist my parents in ensuring that my sisters are also continuing with their education.

My Business

I operate a movie shop called Gully Syd Entertainment located in Githurai 45 shopping center.I have majored in selling movies, music, Cd's/DVDs, flash disks, and other accessories.
I decided to venture into the entertainment business because it was more related to my course and I had some knowledge in these field.Most people watch movies as a way to relax at home after along day of work.These has made my business very busy.
My business monthly expenses include Rent :-49.6985 Us dollar, Electricity bill :- 22.0882 Us dollar,among other accessories that include:cds,DVDs,flash-discs,memory cards e t c,these ranges about 400 Us dollars.
weekly i mostly sell about 150 copies of movies @ 0.55221 us dollars each, 10 flash disks @ 6.62647 us dollars, 10 phone memory cards 4.41764 us dollars.All these translate to a sell of about 193.272 us dollars weekly and 828.3086 us dollars Monthly.
My business earns me a profit of about 356.5219 Us dollars on a monthly basis.It is from these profit that I get money to pay my house rent,feed my self and support my sisters who are in college.
I wish to expand my business further so that I can earn even more and better my life.I want to set up a computer games room.These in a business opportunity that isn't tapped here in Githurai and is very promising.Children today are digital and they prefer in door games to field games.
With the loan I will receive from Zidisha I will purchase a big screen and PS 3 to start with.

Loan Proposal

Dear lenders i would like to upgrade my movie shop through the following:
-Repaint the the shop inside and out plus painter-Sh 2000
-Repair some broken display glass-Sh 450
-Buy 2 new wall prints-sh 600
-Addition of Accessories-Sh 1500
-flip covers
Following the stiff competition in our area of business,it have come to my realization that people preferably like their services attended to at well equipped,clean and good looking service place.Due to this i want to attract as many customers possible.

The above service will definitely add at least two to three customers everyday. That will be around Sh 250 to Sh 300 everyday above normal daily amount.kindly consider my application.
Thank you in advance.

Feedback

1

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

May 22, 2015

Repayment status

Late

Projected term

5 months

Other loans

Lenders

M

mbarbier

United States

J

Jygge

Halmstad, Sweden

B

Brent

United States

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

Please log in to comment.

  • Oscar    Feb 11, 2016

    I called Patrick today He told Me His Business I Not Doing well by next week he will pay some Money.
    Thank you

    Log in to reply • Share
  • Oscar    Dec 29, 2015

    Dear Lenders I spoke to Patrick He told Me He had some Family Issues that Has Greatly affected His Business But He will Resume back once everything goes back to normal and repay his loan in time.
    Thank you

    Log in to reply • Share
  • Oscar    Nov 20, 2015

    Dear Lender i Made several follow up with patrick and he told me he had Some Challenges with his Business but i will update his account by the End of the Month.
    Thank you

    Log in to reply • Share
  • Oscar    Oct 16, 2015

    Dear Lender Patrick Business Was Not Doing Well for the Past Month we Had talk Over the Phone and Made Some Payment On His Zidisha Account and Promised to Settle His Loan In Good Time
    Thank you Lenders

    Log in to reply • Share
  • Patrick    Sep 15, 2015

    Dear zidisha faculty..business is way too down..rent itself is becoming hard to raise..I will see to it that i will be paying the above amount at the respective time.Thank you

    Log in to reply • Share
  • Oscar    Sep 2, 2015

    Dear Lender Patrick Made a Promise to Update His Zidisha Account last week but so far he has not Submitted His payments any time i call him he tells me his going to make payments the same day but he fails, i will do the follow again and update you
    Thank you

    Log in to reply • Share
  • Oscar    Jun 11, 2015

    Hi, Lenders i called Patrick and he will settle his Zidisha Loan in time
    Thank you
    Oscar Alochi

    Log in to reply • Share
  • Patrick    May 24, 2015

    :Dear lenders ,as i write this to you,i wish to say that i`m filled with joy after your approval to my request..surely this was a huge surprise and really felt like a dream come true to me.Thank you.
    on 22nd 05 2015 i received Sh.4,506 through my m-pesa account.i wish to buy the following items and
    -paint and painter`s lab our-Sh 2000
    -display glass-Sh 450
    -2 new wall prints of any latest movies-sh 600
    -Addition of Accessories-Sh 1500
    -flip covers.

    • Thank you for your generous loan. You'll find my first installment of repayment on 31st 05 2015. Your help and support is truly appreciated. Thanks again.

    Log in to reply • Share
  • Rose    May 19, 2015

    All the best in your business

    Log in to reply • Share
  • Patrick    Apr 13, 2015

    Thankyou zidisha for being such a supportive partner.no regrets

    Log in to reply • Share
  • Oscar    Mar 20, 2015

    Dear Lender today i spoke to Patrick over the Phone and he promised to settle his Loan Payments by Next week on Tuesday and also introduce one of his friend to Zidisha Community,so by tuesday next week Patrick would clear his Loan.
    Thank you

    Log in to reply • Share
  • Patrick    Feb 7, 2015

    dear lenders .i wish to apologize for the late payments of my loan.things didn't turn out the way i had planned.but now almost everything is under control.i hereby promise to complete my payments by the end of next week.thank you

    Log in to reply • Share
  • Oscar    Feb 6, 2015

    Thanks Patrick for keep your promise.

    Log in to reply • Share
  • Oscar    Dec 30, 2014

    I called Patrick today his phone was switched off, called the contact person on his list and she promised to talk to Patrick concerning the loan payment.

    Log in to reply • Share
  • Patrick    Nov 17, 2014

    Dear lenders,ive decided to increase my payment installments from ksh.451 to ksh 551 because i would like to complete my first loan paymnents as much earlier as posible and if possible before the end of this year.the main reason behind this is because before then i was using someone elses computer to burn copies of the movies that i sell bt now i have mine now..i dont need to pay for this service anylonger and for this ,ive decided to divide this amount into two.the first share will be the one to be added on my payments and the other share will go to my business account..this way i will be able to pay my loan without any strain like in my previuos payments.i believe this idea will enable me complete my loan before the end of the year and also earn me points to my next loan..Thankyou

    Log in to reply • Share
  • Patrick    Nov 9, 2014

    Dear lenders i wish to take this opportunity to thankyou for the loan i got from you..it was really,really of great strength to my business..Not forgetting to recommend you for sending it in time..am Thankful.
    with the cash i got from you,i was able to purchase more and new items which in a few days will raise my monthly profit.i hope to discuss on that by next week.may God bless you

    Log in to reply • Share
  • Oscar    Nov 8, 2014

    Hi,Patrick how are doing you and your family,how is the Business i hope everything is ok today i hope you will be able to make your first loan payment, i wish you all the best,if you need any assistance please get in touch with any time you call or send a text sms.
    Thank you

    Log in to reply • Share
    • Patrick    Nov 9, 2014

      Hi too Mr. Alochi,i hope u too you are doing great. i wish to apologize for yesterday's inconvenience.i had a small problem accessing my account so that i can confirm my pay bill number but am good now. i promise to pay my first loan in the next thirty minutes. Thank you

      Log in to reply • Share
  • Bonface    Oct 27, 2014

    All the best my friends.Hope Zidisha will uplift you as it has done me in my business.I know you will never regret joining zidisha

    Log in to reply • Share
  • Patrick    Oct 17, 2014

    Dear lenders am humbled to join the massively growing Zidisha community.Am a very hard working young man determined to succeed in life.I hope that you will trust in me and fund me loan so that I can Pursue my goals.
    Thank you.

    Log in to reply • Share


Loading...

Loading...

Loading...