Buy a bigger printer for my growing business

Paul

Mombasa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Paul

Member since

June 2014

On-time repayments

353 installments • 77%

About Me

My name is Paul Materi born in 1963 in Nairobi area. I am the first born in a family of 7 members. My parents are peasant farmers and live in the Rift Valley region. I am married with one child who is in secondary school I did my primary school course and later joined secondary school. I joined a teacher training college shortly after my secondary school where I graduated as a primary school teacher. I was posted Namanga Primary School where I worked for four years. I later quit the job and started my own business.

I am an active member of my church – Voice of Jesus where I serve as a church minister. This is voluntary work which I normally do on Friday morning and Sundays.

My Business

My business entails printing works where I print all kinds of publications. I do publications such as simple hand bills, stationery books, banners etc.

I also do branding in form of printing T-Shirts, mugs and signage. I serve small institutions such as churches and schools as well as large companies.
My turnover is about $1200 per month but most of this money goes into buying of raw materials and labour leaving me with a profit of about $300. Given access to credit I will be able to expand my business by stocking raw material for my printing work. I have employed two casuals who help me in doing this job. I hope to employ them permanently when the business expands.

Loan Proposal

As mentioned earlier, I am gradually building capacity of my printing business. I used the last loan to acquire a printer which has been a huge success since it is faster and also produces high quality print-outs.

I want to build on this success and get another printer with a higher performance than the previous one. I will use both printers to increase my productivity and this will definitely translate into more profit. This color laser printer will cost $900 and this loan will be (almost) enough for this acquisition.

Thank you so much for your continued support.