Branded shopping bags

Cornelius

Kilgoris, Kenya

100% repaid

Entrepreneur

Name

Cornelius

Member since

March 2018

On-time repayments

4 installments  •  50%

About Me

I'm Cornelius O'brien aged 40 from Nakuru, Kenya. I'm married and blessed with four children, two daughters and two sons. I have a diploma in IT and certified fiber optic technician.

My Business

I run a carwash business as my main business within the city. I occasionally offer fiber optic installation within my community. Most people here have limited access to internet resources, which is slowly picking up.
Likewise, branding and digital marketing is becoming a great way to reach more customers. Thus, we've teamed up with other professionals to create a tech company to bring food security and climate change solutions in our community.

Loan Proposal

The demand for shopping bags is too large and we are seeing a potential to tap into the growing demand for banded bags for supermarket and malls. We are in the process of acquiring a cheap printing machine for our shop to brand the bags and be able to generate more revenues.
The Loan will be used to purchase a heat press printing machine to help us Brand our shopping bags as well as increase our inventory.
Printing Press Equipment Ksh. 20,000 ($200)
Shopping Bags Materials Kshs. 35000 ($350)
Staff to Produce the Bags Kshs. 25000 ($250)
Printer and Sublimation Ink Kshs, 20000 ($200)
The branding unit will generate enough amount from our existing clients who have requested a branding of their products.
The department will also be able to offer training to youths at a subsidized fee, after which the youths will have gained skills in branding and making of shopping bags to help them start and run a successful production for other shopping bags and other products like Branded Mugs, T-Shirts, Caps, Plates etc.
The total amount requested for the unit to be setup is Shs.100000 ($1000).

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1.00

Date disbursed

Apr 7, 2018

Repayment status

On Time

Projected term

1 week

Other loans

Lenders

Paul Buchheit

Mountain View, United States

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