Mike
Mazabuka, Zambia
100% repaid
Name
Mike
Member since
February 2014
On-time repayments
181 installments • 16%
I am a middle-aged Businessman running two Internet Cafes in Mazabuka and Monze. I also own two complete houses in one town and city.
I am married to a Degree Holder with a job and we have two children. I am a distinction student, hard worker and self believer. I am also a Community participator.
Mazabuka is a small Sugar Growing town, surrounded by serious Diary and Crop Farmers both commercial and subsistence farmers. The town has a Nickel Mine 70kms away.
The Business (Noriasys Ltd) was established in 2008 and we are continuing to grow it organically without taking too much risks. As already mentioned, we operate Makwembo Internet Cafe in two locations and a small subsistence farm for general agriculture. We employ FIVE people on a permanent basis. We plan to continue growing our businesses within our means while enjoying life. We are very particular on how the surrounding communities in which we do our business benefit from our presence. Our current turnover is just around US$25,000=00 and slowly growing.
My pastime is spent mostly at the LIONS Club and playing social Golf with a lot of reading for my Business Management degree.
I NEED FINANCING IN ORDER TO PURCHASE "PROFESSIONALLY" RECYCLED REPLACEMENT CARTRIDGES FOR THE PRINTING SERVICE AT MY SHOPS. The challenge I have is to raise enough financing for the change or project. Zidisha could assist me with almost 80% of the required funds to make the transition. The initial project amount is US$200. All future printer cartridge needs should be addressed from the resulting sales. This will restore my lost revenue from using "bad" recycled cartridges while ensuring that I keep my operational costs down and continue to recycle old used printer cartridges.
My business has been suffering due to use of poorly recycled printer cartridges in an attempt to reduce costs. Unfortunately, they have been producing poor printing and could damage my printers. The other resulting losses were from print damages, customer service dissatisfaction and service rejection resulting in a business loss amounting to around 10 - 20% on this product channel.
Brand new replacement cartridges are too expensive but I can source cheaper professionally recycled cartridges at less than half the price for brand new ones and still send the used cartridges for recycling with the "Professionals" at a minimal cost.
Positive
6
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$191.00
Date disbursed
Jun 14, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Ask Mike a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Amount repaid
$210.57
Amount remaining
$0.00
Date repaid
Jul 25, 2015
Status
Fully repaid
Expected Payments | Actual Payments | ||
---|---|---|---|
Jun 21, 2015 | $35.00 | Jun 20, 2015 | $35.00 |
Jun 28, 2015 | $35.00 | Jun 27, 2015 | $35.00 |
Jul 5, 2015 | $35.00 | Jul 4, 2015 | $35.00 |
Jul 12, 2015 | $35.00 | Jul 11, 2015 | $35.00 |
Jul 19, 2015 | $35.00 | Jul 18, 2015 | $35.00 |
Jul 26, 2015 | $35.57 | Jul 25, 2015 | $35.57 |
Loading...