Adding more papers to the current stock

Benard

Siaya Town , Kenya

19% repaid

Entrepreneur

Name

Benard

Member since

October 2017

On-time repayments

16 installments  •  50%

About Me

My name is Benard Ochieng from Siaya Town, Kenya. Currently I am advancing my studies in college; pursuing Electrical Engineering (which I joined September 2018).I have employed someone to manage the business for me and I make sure we meet everyday to calculate sales during weekdays. Am self driven, hardworking and always keen on business finances, in addition I love reading business journals and always interested in technological advances especially those that directly or indirectly affect my field of expertise.

My Business

I started this business January 2016 after graduating from high school and have been operating it to date. I started with one computer a small inkjet printer. To date I have acquired 2 desktop computers and a laptop, One big laser jet photocopier and a medium size printer (both black and white) and also Epson printer (bought on June 2018). This is business is growing as I projected in the business plan at infancy. When launched I was taking making Ksh. 400 per day which is ksh. 11250 (112 USD) per month. Today my sales have risen to an average of Ksh. 1200 per day which is Ksh. 36,000 (360 USD) monthly. This has largely been contributed by efficiency of my services and suitable location.

Loan Proposal

As class 8 students will be joining form one next year, the dand for this stationery is going to increase as one of the requirement for joining is going with 2 reams of papers. I have been in talk with some parents and they've have shown intent to promote my business. Therefore, I come to you again lenders to help me through this journey through your financial commitment. Let's help children go to school as we make money in the process.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.00

Date disbursed

Dec 7, 2018

Repayment status

Late

Projected term

3 weeks

Lenders

Paul Buchheit

Mountain View, United States

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  • Benard    Dec 5, 2018

    I am grateful for the financial support you've given for the few months I have been engaged with you. I used the last loan to buy ream of papers as I pitched. The turnover was good and fast. This is due to the relationship I have cemented with my customers for the 2 years I have been in operation. Thank you lenders and I am looking forward to be engaged (as my business grows) as we progress in the future.

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  • Benard    Nov 22, 2018

    Thank you very much for the loan. I have now increased my stock of ream of papers.

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  • Benard    Nov 14, 2017

    I used the loan to purchase ream of photocopying papers, this has increased revenue in the business. I am projecting that the business will be able to repay the loan before deadline elapses.

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