Stock capitalization

Felix

Kericho, Kenya

100% paid forward

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How it Works

Entrepreneur

Name

Felix

Member since

August 2016

On-time repayments

42 installments • 48%

About Me

I am a kenya Male from The Luo tribe (the community has a unique culture since they don't circumcise men but remove six lower teeth as an initiation process) from Siaya County and went through my formal Education form Nursery to Secondary in the before moving to Nairobi for college education.
While in college a tried various business to facilitate me through college i sold cereals,Water cans and airtime. i later relocated to Nakuru where i got some employment as an Accounts clerk with the employment i Started a boutique business and cereals shop in Kaptembwa Nakuru West but failed due to lack of direct supervision.I later started a Photocopy and printing bureaus and stationery shop in Kericho.The business is easy to monitor and there is increased demand for services i provide. I have 3 children two girls and a boy.Aged 6 years,3years and 9 Months my children are interested in science and skill based careers with preference to being an Vet Doctor or researcher.I swim and play football.

My Business

Having previous experience in business 3 years ago i started a Photocopy and printing bureaus shop where i stock various stationery materials in Kericho but plan to open another branch in Siaya.We offer bulk photocopy and printing services and stock general office stationery.The goods and services are in demand due to increase of Private schools ,Colleges and Universities also devolve government offices in the counties in increase demand for my service and stock.The business is easy to monitor more avenues to make sales.( Direct sales and tendering for suppliers)Typical business costs i incur are wages for one casual.Rent,Power,and transport.Income is generated through services of photocopy and printing and sale of stationery.The profit i get is reinvested in the business and also diversify market,educate my children and self sustenance,then save a potion.I support my business capitalization through my employment income as an accountant.

Project Proposal

I intend to used the fund to add more stock ( Realm of Printing paper).
Which has 550 sheet out sheet when printed to a customer and Photocopy will earn me an average of 7 each which translate to 3,500 for the return in investment of the loan amount.

Feedback

Positive

Neutral

None

Negative

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Project Info

Project Type

Pay It Forward

Disbursed amount

$6.00

Date disbursed

Jul 20, 2022

Other projects

Backers

Maurine

Nairobi, Kenya

Cleave

Nairobi, Kenya

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Felix Sep 4, 2022

The funds assisted to add more capital to the business by purchasing Realm of Printing paper of 500 sheets which generated an income of 1500 and profit of 600 with each sheet pricing at Ksh 5 for Photocopies and 6 for ID Copies.

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Felix Jul 19, 2022

Iam thankful of the funding. I help facilitate by business in a big way though small amount .I used the amount to purchase Printing paper print client document and letter with each page earning me average of Ksh 6 for 500 sheet of the realm.

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M
Mustafa Jun 14, 2022

Good Luck

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Felix Jun 14, 2022

To add more business stock in my business i deal with stationery and will purchase Realm of Printing paper for photocopies and document printing for customers.

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Felix May 6, 2022

I really appreciate my funders for their support.
The funds facilitated to acquire a ream of printing pater to facilitate by business.

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Felix Jul 17, 2018

Hi,Good Afternoon.

Kindly I have paid the balance due with details below.
Kindly confirm and update.

Date: 16.07.2018
Time: 1.07PM
Transactions No. MGG6JM14YY
Amount: Ksh.1,192
Account No. 0711 623258

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Felix Jun 13, 2018

I received Ksh 1,014 from Zidisha Inc on 13.06.2018 at 01.41 AM.
I intend to purchase the Two Printing Papers.

Thanks.

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J likes this.
J Jun 12, 2018

Your loan is now fully funded. Please keep us posted

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Felix Jun 6, 2018

Hi.
The loan assisted me to add stock.And has grow the profits.

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James Jan 31, 2018

i have reminded him that he promised to pay the whole amount on 22/1/18 and says he will pay

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Felix Jan 15, 2018

I will repay the whole amount on 22.01.2018.Please.

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James Jan 6, 2018

I have tried reaching him but he does not pick my call

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James Dec 29, 2017

I have contacted him and asked him to repay the loan in order to be able to borrow again

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Felix Dec 11, 2017

I received amount of Ksh.2,384 and appreciated so much i intend to purchase rims of printing papers to facilitate printing and binding of students identification card.
Thank You for believing in me.

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Felix Dec 7, 2017

Amount Received.

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Felix Dec 5, 2017

Will purchase printing paper,binding paper and cost for laminating the Students identification that will be joining colleges and school in Jan 2018.
The amount will boost the output and increase my business review.
Thank You for believe in my business.

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Felix Dec 1, 2017

I really appreciate the credit growth that Zidisha is giving me. It is actually growing with my business.I started by borrowing Ksh 500 but has gradually increase.
With Zidisha i for seen go grow and credit empowerment.
Thank You.Zidisha.

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James Nov 16, 2017

I called but he didn't pick my call. I decided to send him an SMS but no response

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James Nov 14, 2017

I have called him and he has promised to pay by Wednesday. I advised him about paying his loan on time because it assists in progressing faster

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Felix Oct 16, 2017

Thank You first for your believe in me and subsequently lending me the requested fund.The amount of Ksh 500 was used to purchased a rim of Printing paper which have 500 sheets with each sheet having a return of an average of Ksh 3.5 on both Photocopies ,typing and printing.
Though that was the entry point a believe i will gradually grow and graduate through the Credit programme.

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