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
I intend to buy a commercial printer capable of printing a wide range of media. This printer will print on CD/DVD surfaces and also on thick paper. There is a demand for such services in my area and I want tap into this market to increase my revenue. I am a well known printer and I will easily get clients for such jobs.
The printer will cost around $500 and I expect to grow my business income by about 25% once I acquire it. This acquisition will be a big milestone in my business and I hope you will make your contributions hence actualizing my dream.
Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$586.00
Date disbursed
Jul 6, 2016
Repayment status
On Time
Projected term
14 months
Other loans
Lenders
Republic of Korea
United States
United States
Franklin, TN, United States
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