Restocking ream of photocopying papers

Benard

Siaya Town , Kenya

100% 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

I need this money to restock ream of photocopying papers. Right now I have money to purchase 20 reams; which I have been purchasing for the last three months. The demand for the stationery has increased. This money will help me acquire additional reams.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$10.00

Date disbursed

Nov 22, 2018

Repayment status

On Time

Projected term

3 weeks

Lenders

EB

Erica Brescia

United States

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Summary

Amount repaid

$10.62

Amount remaining

$0.00

Date repaid

Dec 5, 2018

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Dec 2, 2018 $3.55 Nov 27, 2018 $3.55
Dec 9, 2018 $3.55 Dec 4, 2018 $0.99
Dec 4, 2018 $2.56
Dec 16, 2018 $3.53 Dec 4, 2018 $1.87
Dec 5, 2018 $0.99
Dec 5, 2018 $0.67

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