Adding stock

Entrepreneur

About Me

I am Geofrey Yegon, born sixth in a family of nine children; five brothers and three sisters.
I started schooling at the age of 5. I attained a primary school certificate, then a secondary school certificate, after which I proceeded for my university studies where I graduated with Bachelor of Arts in Philosophy.
I was once invited to give a motivational talk to a group of young adult in a church which was far from home. At that time I did not have fare for my transport. I could not decline the invitation but I had to find ways to get funds. I borrowed some money from a friend who conditioned me to refund in two days time. I printed five books, after which I sold I refunded my friend and I got money for my transport. As a result, this is exactly how I came to start the business.
In my culture, I find it very interesting and unique that we drink milk from the calabash itself and not pouring in a cup. This could sound weird but take for breakfast, lunch, evening instead of tea and supper for the whole week.

My Business

I do write books and sell. Each book costs $3. The cost of production for one book is $1.9. So I get a profit of $1.1. I have improved from selling an average of 200 books per month to selling an average of 500 to 1000 books in a month. They are motivational books that touches people's lives. People buy these books because they need spiritual, emotional, and intellectual empowerment. I do this business because I am good at it, I am gifted in writing and I chose to use my talent of writing in generating income.
When I get income I cater for my food, transport, rent and buying house utilities.

Loan Proposal

This money I will use to buy more materials for book's production and partly cater for costs incurred during production.
I will buy original cartridges for printers and this will cost 100$. I will buy printing papers and cover pages that will cost 120$. Remaining amount of about 30 dollars will go expenses during production process like cutting and binding.
I expect this to generate extra income to my business. The more capital I put into is the more I get more revenue. This loan will be of great help.

Feedback

Loan Info

Lenders