Acquire a large scale photocopying machine

Solomon Maingi

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Solomon Maingi

Member since

June 2015

On-time repayments

184 installments  •  33%

About Me

I was born and brought up in Makueni,one of the dry places in Kenya, in 1991,went to day school primary, secondary school and currently at the university of Nairobi in my 4th year. since my childhood i had interest in business and after high school i started a unisex kinyozi in the nearest market centre. I later moved to university,opened up to new business ideas which i however could not venture into due to limited capital. In my third year i teamed up with one of my friend and started a cyber cafe which also is not up to the standards we had in mind due to inadequate capital.

My Business

I provide Internet services in my business. The business is near a school hence most of my customers are students who need Internet to do research and also for recreation. I chose to venture into this type of business since there was ready customers and i had interest in it . However, i plan to expand the business include printing and photocopying services as well . The net income for the business per month ranges between ksh 10000 to ksh 15000 and i use it sustain myself in school and some goes back to the business.

Loan Proposal

I hereby apply for a loan to further enhance my cabercafe and photocopying services. with the loan, i will buy a three in one machine I.e printing, photocopying and scanning able to do large scale and high speed service. The machine costs 36$. This will help cater for the large number of customers and further increase my profit margin. With the new machine, i anticipate for a ksh 30000 net profit per month, which i will use to repay the loan, expand my business and also sustain myself.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$96.11

Date disbursed

Dec 17, 2015

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: $3.99

Lenders

B

blahblah

Nuernberg, Germany

D

Divergent

Bethesda, United States

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

C

Clben7

Cincinnati, United States

dlpringle

Denver, United States

pvilliger

Zurich, Switzerland

mepster

San Francisco, Ca, United States

Bjorn

Heggedal, Norway

C

Crainster

Chapel Hill, United States

Gab

Singapore

jtreyes

United States

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