Thaddeus
Nakuru, Kenya
100% repaid
Name
Thaddeus
Member since
February 2015
On-time repayments
337 installments • 88%
I was born in a family of five and raised by a Single mother. I have struggled through hard and thick times to make it in life. I am a part-time student in Kenya Institute of Criminal Justice doing my final year in higher diploma in Criminology and Forensic science. I am bright, creative and innovative in all i do. The business i have is the greatest breakthrough in my life because it has given me most of the assets i have just from the money i get from it. I buy and sell computer accessories and computer services which comprises of a cyber cafe, where i offer services in Internet for research and social networking, photocopy, lamination, scanning, and printing. I believe that the field i am in will guarantee success based on the trend for the past three years. My first born daughter who is seven years old would like to be a Doctor when she grow up. I like watching football,reading books,socializing and watching movies. My first loan has helped me a great deal since it enables me to expands my business by moving to a spacious house and increased my stock. I am very grateful to Zidisha team for your assistance.Thanks a lot.
My business is Cyber Cafe which is basically comprises of offering internet services, typesetting and printing,scanning, photocopying, and stationery.
I also sell toners, cartridges and computers in retail. I decided to start the business about 3 years ago after struggling to get a job in vain. The biggest challenge that i face is not being able to supply efficiently due to lack of enough stock. I mostly deal with offices, schools and bureau. If i get this loan i will restock my shop an will meet the demand of my costumers. This will improve my profit margin giving me a chance to expand my business. I am proud of my business and i don't regret doing it.
I would like to purchase a laminating machine for my computer shop and to add some printing paper in it too. A laminating machine costs approximately 60$ but I have paid halfway for one and will buy it at 30 $.
I will also use 20$ to buy plain photocopy and printing paper. I have been having a printer and will add another one later on in the year. However, the current demand of students needs at least an additional 20$ of plain paper, approximately 5 rims of 500 A4 sheets in each rim. That’s 2500 A4 plain papers.
This should meet the demand.
I will buy a hardy stapler and a binding machine that costs 33$ and add stationery such as pens, blank CDs and plastic bag folders which are common with my customers. These additions should make me a good profit.
When I type and print on plain paper I usually charge 30 Kshs per paper I print, that’s approximately 30US cents per page. So for 2500 plain A$ papers I should be able to make a profit of around 5,000 kshs (55$) per week.
I will bind proposals at 10$ per 100 to 200 page proposal.
This should enable me pay the loan and safely reinvest my proceeds in the computer shop, eventually being able to purchase an additional computer with the increased proceeds.
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Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Feb 23, 2015
Repayment status
On Time
Projected term
20 months
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