A-3 Epson color printer for my printing business

Ben

Juja, Kenya

49% repaid

Follow Ben

How it Works

Entrepreneur

Name

Ben

Member since

February 2015

On-time repayments

100 installments • 34%

About Me

I am Kenyan citizen aged 28 years. I am brought up in an entrepreneurial environment. Educationally I hold a bachelors degree in mechanical engineering. I have passion for business and currently I operate a grocery in one of the leading universities in Kenya-JKUAT. I am very much composed and I like taking well calculated risks. My future ambition is to own fruits processing firm. My drive to engage in business came as a result of my parents who were entrepreneurial, most of my youth hood were spent in my father’s grocery .

My Business

I am dealing in a grocery business situated in JKUAT- one of the leading universities in Kenya with student population of about 27,000. The location of my business is very strategic since the large student population coupled with high purchasing power makes it possible to thrive. On average this business generates net monthly turnover of 25,000 Kenya shillings .Currently I have employed three people and expanded to value addition of fruits by processing juice. I have also conducted market research in the neighboring institutions and the situation is promising. In order to expand and achieve this estimated demand I will need capital and labor with a financial estimate of 1.2 million Kenya Shillings. Having been introduced to the Zidisha loan by a friend I saw it fit to join as it will help me finance my business with ease owing to its friendly terms and conditions.

Loan Proposal

I will use this loan to purchase A -3 EPSON COLOR PRINTER for colored poster printing . This printer costs $ 500 . My previous savings will help in offsetting the balance in price . once purchased this printer will help increase my service scope from black and white printing to color printing and more so printing of posters to my group of clients comprising young artists and bar owners who often use poster to advertise their events. it will be beneficial to my new business since it will help increase my cash flow to an estimate of $ 5 a day. I am also planning to temporarily contract a young lady to help in the shop hence creation of employment opportunity.