Buy epson printer for my business
Solomon
Eldoret ,kamukunji Bondeni Estate, Kenya
100% repaid
Entrepreneur
Name
Solomon
Member since
March 2015
On-time repayments
196 installments • 94%
About Me
I am a male Kenyan citizen from single family aged 22 years.I come from a family of seven,my father died when I had just joined high school and we were left with mother as the sole bread winner of my family.Since my mother could not afford to sustain us, our growing up has always been tough some time we survive on one meal a day ,but one thing I thank God is that by His grace I managed to finish high school then through well-wishers i.e mostly members of our church they sponsored me to college of which I managed to get a diploma in banking and finance last year but one 2013.Currently God has opened another door through our government scholarship programmer and I was privileged to start another course –diploma in entrepreneurship which Iam doing part time as I do the business which I started-Typesetting,printing and stationary plus m-pesa services.
My Business
My business is Typesetting,printing and stationary plus m-pesa services.I have been doing it for the last two years . I started these type of business because of ever increasing demand the services in my estate were I live -Kamukunji in Eldoret Kenya.No Competition in my business because Iam the sole provider of the service in my area.The only challenge I have is lack of enough equipments to run the business efficiently thus need of funding.
My monthly cost of running the business is US Dollars 240 while average Gross profit before the expenses is usually approximately US Dollars 385
The following is how I normally use profits from the business :-
10% I give tithe to the church
80% Up keep mostly food
5% Savings
5% Miscellaneous expenses
Loan Proposal
Thanks you lenders for giving me an opportunity to get the credit from you.Given funding I will use my loan wisely to epson printer worth 90 US Dollars while the remaining 10US Dollars I will use to replace my computer mouse .
By doing so I will be able to improve on the efficiency of my business thus build customer confidence and will be able to repay my loan conveniently.
Thanks in advance.I look forward to your wise consideration.God bless you.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jun 1, 2015
Repayment status
On Time
Projected term
7 months
Other loans
Lenders
United States
Ask Solomon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.