Entrepreneur
Name
Victor
Member since
January 2015
On-time repayments
218 installments • 6%
About Me
My full name is VICTOR KIPKEMOI KIRUI. I am a student at Moi University studying Bachelor of arts in Sociology.My home town is Kericho from a village that goes by the name Telanet within Kapsoit location.
I was born the third in a family of seven, i lost my mother when i was 8 years old and my biological father failed to pay my secondary education and i was aided by my unlcle and upto now he has been struglling with the expenses attached with my education.My uncle has school going children and he has the responsibility of taking care of his own children.Due to this my learning has been a bit hectic due to insufficiency of funds. For these reason I thought its a good idea to start up a business.
My Business
After a series of consultations with my family and friends I settled on a business. The bussiness is movie base where I sell movies and small elecronic appliances like heaters and iron boxes to students around campus.
In week I can earn a minimum of $ 50 . This is the money I use to assist my uncle in paying my school fees and purchasing my personal needs for example paying my house rents.
I took this kind of business and following the fact that I comfortably manage my time when it comes to my business and my studies .It is a marketable business because it is surrounded by students of the young generation who have great interest in movies and music .I have also had an interest in purchasing a printer hp 1510 series so that i can type assignments and do photocopying work for students .The purpose of my loan request is for the purchase of this printer which costs $100.This will be a great boost to my business premise and i will be personally able to clear my Zidisha loan.
Loan Proposal
My loan proposal is intended to buy a printing machine which costs $ 100. I expect to make a profit increase of $ 40 per day due to the market availability within the campus environment. School students have their notes and handouts photocopying done within and around the school environment.Also the typing of students assygnments which normally is costly to the students.This will be eassy for me because i own a laptop and with the purchasing of the printer will be of great use to me financially.The cost of maintaining the printer for instance buying ink and purchasing photocopying papers and also paying the rent of the bussiness house.With this machine i will be able to clear my loan without delay and also increase bussiness using the profits.
Its my strong believe that with time i will be able to purchase a bigger printing machine due to the increase in the number of the students in a growing campus.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Feb 24, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
Germany
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