Adding a printer to videography business

George Macharia

Kisauni, Kenya

17% repaid

Entrepreneur

Name

George Macharia

Member since

April 2014

On-time repayments

189 installments  •  15%

About Me

My name is George Macharia and I am based in Mombasa town Kenya. I run a business as a videographer where I shoot video for all occasions from social events such as weddings, birthdays and corporate events as well as doing documentaries.

I was born 36 years ago in a family of 8. I went straight to business after my secondary school.

I am married to one wife with one school going child aged 5 years. My wife helps me in running of my business as well as handing household chores.

I believe in hard work and honesty and these qualities have kept me in business for the last many years and my clients keep coming back for more orders.

My Business

I deal with shooting and editing videos. I believe I have an edge over my competitors because I have invested heavily on quality machines both for recording and editing the video clips.

I have managed to buy these equipment through savings but there is much more needed to make my business more productive. I make between $400 - $600 net profit. This amount can rise even higher if i can do value addition by buying a few more equipment like a good printer that I can use to print covers and other artwork that goes with my video production.

I currently use a third party to do the print work for me which eats on my profit margin. i will be very grateful if afforded a credit opportunity with Zidisha since getting credit locally is not easy.

Loan Proposal

My work deals with video production. I normally put my final output on VCDs and DVDs. Most of these disks need to be printed and (both inlays and case covers) and I outsource this job computer bureaus. Needless to say, this slows me down and it is also very expensive.

If funded, I will use this money to buy a printer capable of printing CDs as well as photos. I will use it to print my own work as well as for other people. This will increase my productivity hence more income for the business.

The printer I have in mind will cost about $400 and I will add up the difference from my pocket.

Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$331.24

Date disbursed

Feb 23, 2015

Repayment status

Late

Projected term

42 months

Cost to entrepreneur

Lender interest: $331.24 at 6.74% annual rate over 42 months = $79.37

Service fee: $44.01

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