Business loan for laminating machine

Sofia James

Portharcourt, Nigeria

26% repaid

Entrepreneur

Name

Sofia James

Member since

August 2020

On-time repayments

23 installments  •  65%

About Me

Dear Lender,
My name is Sofia Barisitam James, I am an adult a student of Ignatius Ajiru University of Education Rivers state Portharcourt. I'm a business owner, a zealous entrepreneur with mindset of getting somewhere.
I have Di cutting machine & 6feet large Format machine for flex and Sav, which i have not opened. That section have not started operations that's where those computer scrap are. Am sending my picture making photocopy of a document.

My Business

Sofia J Computer Services is a registered company with Corporate Affair Commission(cac) The above name was changed from Sofia Computer Services during registration in 2016 after years of establishment in Portharcourt Riversstate. Sofia J. Computer Services is a visionary technology aiming at expansion. Right now we have some equipments such as 6 feet large format, Di cutting Machine, Photocopier machine, Fargo I'd card machine, and others. Am looking forward for Di printing machine & Laminating Machine for the digital printing press to kick start soon.

Loan Proposal

I propose to you that this time around this loan will be use to buy 10 feets large and A3 laminating machine.
The purpose of this loan is to fully set up this printing press with more equipments to make standard and to work effectively.
Sofia J. Printing Press is a new Press with the following equipments: A3 Cutting Machine, A3 Direct Imaging Machine and 6Feets Large Format, printing programs without laminating doesn't make sense or going out to other places to laminate will not help me enhance achievement. Therefore, I need 10feets and A3 Laminating Machine to enable me set up this press to the standard I want.

Income Source

Paying back this loan is not a problem. Am very proud to say that I can pay back and on time.
The Computer Training Section has about 14 systems, 14×4 section, which is 56x150 per person the money will definitely pay back this loan in few weeks. Cyber cafe section, mobile banking section, business centre and the press.
Am very sure that I will be able to pay.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$572.24

Date disbursed

Mar 19, 2021

Repayment status

Late

Projected term

2 months

Cost to entrepreneur

Service fee: $27.93

Credit risk payment: $111.73

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