Buying photocopy papers

Peter

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Peter

Member since

November 2016

On-time repayments

18 installments  •  22%

About Me

I was born in murang'a country in central part of Kenya. I'm the second born in a family of six children's.I'm a humble christian attending services and follower of Anglican Church.I'm married and a father of three children.The children are all in primary school. My parents were farmer and sometimes getting something on the table was very difficult to get .I dropped out of school so as to help my father meet the family needs .I was employed as casual labourer in the compound of on of my neighbour to look for his cattle and goats .I saved enough money to start a business.I started with fast moving products and later photocopy machine depending on the demand of that service .The neighbours are very accommodative due to services which I give them.The profit which I make helps the family needs and also hosting the business needs.

My Business

The photocopy work and fast moving products like sodas are good basically because they are no other services in the area and the demand is higher than the supply of the product.This attributed by the fact that there are neighboring schools which require the service more often than the private individual hence increase the demand.
Basing on the capital investment of the shop the cost of the machine plus the photocopying papers are a expensive .
The profit I got runs the business and pays for the upkeep of the family's needs plus the school fees of the children.

Loan Proposal

Buying photocopy paper
$5 papers.
This will increase my production and hence more profit.It's also going to increase the profit by 10%.Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$5.00

Date disbursed

Apr 27, 2017

Repayment status

On Time

Projected term

4 weeks

Other loans

Lenders

The Zinc Team

San Francisco, United States

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Summary

Amount repaid

$5.18

Amount remaining

$0.00

Date repaid

May 29, 2017

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
May 7, 2017 $1.04 May 12, 2017 $1.04
May 14, 2017 $1.04 May 12, 2017 $1.04
May 21, 2017 $0.39 May 12, 2017 $0.39
May 28, 2017 $2.71 May 22, 2017 $0.39
May 29, 2017 $2.32

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