Reams of copy paper for my stationery supply business

Charles

Bomet, Kenya

67% repaid

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How it Works

Entrepreneur

Name

Charles

Member since

January 2015

On-time repayments

148 installments • 70%

About Me

My name is Charles Metet, 39 years old. I am the first born out 6 boys living in Bomet County (a county where I was raised by a humble family). I went to school at Chilgotwet Primary, then joined Kabungut High School where I completed my fourth form in the year 1995. I joined the Institute of Commercial Management College in 2012-2013 and completed my diploma. I later got a job at Stegro Sacco Computers Technologies in Nairobi in January 2014, and then got a job at Sema Cybercafe in Nairobi.

The life in Nairobi was challenging, since transport cost is very high and the cost of rent is so high for a person whose salary is meager, but I worked hard and saved just enough to buy a computer. After thinking hard I decided to quit so as to start my own business. I opted out [of my job] and moved to Bomet Silibwet to start my small computer services [business] of typesetting and printing.

I took inspiration from other computer service operators after I noticed that clients were comfortably beginning to require the services of computer operators in Silibwet town. I'd always fancied running my own business, so after spotting this opportunity, it was a case of now or never. Having worked for a cyber cafe for one year, my knowledge of the market meant I could capitalize on the growing trend towards the use of new technology.

My Business

I operate a cyber café, which deals with printing and photocopying business at Bomet town. Most of my customers are college students who have made my business grow at a faster rate, since most of the assignments given to them need to be typed and printed.

Since I bought two additional computers after the Epson printer and digital camera with my previous funds, my savings have improved from USD $150 to $290. I would therefore request the Zidisha lenders to grant me a loan of $820 to enable me stock my shop with computer stationeries so as to make me a supplier of surrounding computer shops and secondary schools who normally purchases photocopying reams for their uses in schools.

Loan Proposal

In addition to my cyber shop, I wish to be a supplier of computer stationeries to various shops and schools surrounding me. Having run and managed the cyber for quite sometime now, I have realized a gap that can be a business opportunity to me.

I will be sourcing the goods from Nairobi at a lower price (wholesale price) and selling them at a higher price. I wish to request your financial funding loan of $820 to enable me purchase as follows:

50 reams of photocopying papers at a cost of $16/ream= $800
Fare to and from Nairobi Bomet =$20 TOTAL=$820

With this fund, I will be able to make a significant profit per ream as follows:
Selling price= $27.5
Purchase price= $16
Gross profit = $27.5-$16= $11.5
Hence net profit = $11.5/ream x 50 reams = $570 - $20 transport= $550

As in previous funding, I will be prompt in repayment and make sure I clear the loan in the right time. I hope you will find in your hearts to consider funding my project again. Sincerely, Charles Metet. Thanks.

Show original English

About Me

My Names is Charles Metet, 39 years Iam the first born out 6 boys living in Bomet County (county where I was raised by a humble family). I went to school in Chilgotwet primary, joined Kabungut High school where I completed my fourth form in the year 1995 and joined THE INSTITUTE OF COMMERCIAL MANAGEMENT College in 2012-2013 and completed my diploma, I later got attached at Stegro Sacco computers Technologies in Nairobi in the year Jan 2014 and got a job at Sema cyber cafe in Nairobi. The life in Nairobi was challenging since transport cost is very high and also the cost of rent is so high for a person whose salary is meager but I worked hard and saved just enough to buy a computer after thinking hard and deciding to quit so as to start my own business. I opt out and move to Bomet Silibwet to start my small computer services of typesetting and printing. I took inspiration from other computer service operators after I noticed that clients were comfortably beginning to require the services of computer operators in Silibwet town, I'd always fancied running my own business so after spotting this opportunity, it was a case of now or never. Having worked for a cyber cafe for one year, my knowledge of the market meant I could capitalize on the growing trend towards the use of new technology.

My Business

I operate cyber café which deals with printing and photocopy business at Bomet town. Most of my customers are college students who have made my business grow at a faster rate since most of the assignments given to them need to be typed and printed. Since I bought two additional computers after the Epson printer and digital camera with my previous funds, my savings have improved from USD 150 to $290. I would therefore request the Zidisha lenders to grant me a loan of $820 to enable me stock my shop with computer stationeries so as to make me a supplier of surrounding computer shops and secondary schools who normally purchases photocopying rims for their uses in schools.

Loan Proposal

In addition to my cyber shop, I wish to be a supplier of computer stationeries to various shops and schools surrounding me. Having run and managed the cyber for quite sometime now, I have realize a gap that can be a business opportunity to me. I will be sourcing the goods from Nairobi at a lower price (wholesale price) and sale them at a higher price. I wish to request your financial funding loan of $820 to enable me purchase as follows:
50 rims of photocopying papers at a cost of $16/rim= $800
Fare to and fro Nairobi Bomet =$20 TOTAL=$820.
With this fund, I will be able to make a significant profit per rim as follows:
Selling price= $27.5
Purchase price= $16
Gross profit = $27.5-$16= $11.5
Hence Net profit = $11.5/rim x 50 rims = $570 - $20 transport= $550

As in previous funding, I will be prompt in repayment and make sure I clear the loan in the right time. I hope you will find in your hearts to consider funding my project again. Sincerely Charles Metet Thanks