Buy an epson printer

Dancun K.nganga

Nakuru, Kenya

34% repaid

Entrepreneur

Name

Dancun K.nganga

Member since

April 2014

On-time repayments

70 installments  •  29%

About Me

Am a family man with three kinds two girls one boy.i live in a place called freehold in nakuru town and am a businessman.I hold a college certificate in electrical technician.The reason i started a business because it is something i have wanted since childhood and after being disappointed with being employed i did start my own business.Mostly i buy stocks for my business and what remains takes care of my family.Am a football lover especially English premier league a fun of arsenal with its ups and down i have supported it for the last 10 years.

My Business

i run a cyber cafe (internet services) and other computer related services e.g printing of things like receipt books,invoice/delivery books,letterheads etc.They are in demand as everybody who is in business require my services the business is profitable as you use little running capital.i earn about 15,000/= each month .I will use the loan to invest on buying stocks (e.g Stationeris)

Loan Proposal

IAM DANCUN KAMAU NGANGA 39 YEARS OLD AND A FATHER OF THREE CHILDREN.i WOULD LIKE TO BUY AN EPSON PRINTING MACHINE 3 IN ONE (E.G IT DOES PRINTING,SCANNING AND PHOTOCOPY)THIS MACHINE CAN DO THIS THINGS AND MORESO IT CAN PRINT PICTURES AND I WOULD LIKE TO BE PRINTING PASSPORT SIZE PHOTOS AS THEY ARE BEING USED IN APPLICATION OF VARIOUS FIELDS E,G APPLICATION FOR JOBS ETC.AGAIN THE MACHINE CAN BE USED TO PRODUCE COLOURED COPIES.THE COST OF THE MACHINE IS USD 138.THIS WILL HELP INCREASE MY CUSTOMERS HENCE AN INCREASE IN INCOME.ALSO THOSE WHO LIKE PRINTING THEIR THINGS FORM THE INTERNET WILL HAVE A CHOICE OF PRINTING THEM IN COLOUR OR BLACK.THE COST OF COLOUR PRINTING IS SLIGHTLY HIGHER THAN PRINTING IN BLACK THIS ALSO WILL INCREASE MY INCOME.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.52

Date disbursed

Aug 27, 2014

Repayment status

Late

Projected term

15 months

Cost to entrepreneur

Lender interest: $150.52 at 4.73% annual rate over 15 months = $9.04

Service fee: $6.83

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