Financial Assistance to Purchase Printer for Education Business
Isaac
Accra, Ghana
96% repaid
Entrepreneur
Name
Isaac
Member since
August 2015
On-time repayments
253 installments • 96%
About Me
My name is Obiri Isaac, I am 26 years old now. I come from a family of 5 siblings, three elder sisters and two elder brothers, along with my mom and dad. I am particularly close with my sister as she is my only sister, but I also have a strong bond with my brothers. I grew up in Jinijini until I was in 7th grade (14 years old), and then my family moved to Berekum. I completed my high school education there and went on to study at the University of Cape Coast for 4 years before returning to Jinijini. However, things didn't work out with my family, so now I am in Accra, where I have started learning website design.
Currently, I am interested in studying Geographic Information System (GIS). I have always taken my studies seriously and have never said that I hate studies. Some may consider me a geek, but I take it as a compliment. I have had a dream of becoming a geographer since I was 6 years old, and I am committed to doing my best in school to achieve my goal. I am particularly passionate about land surveying and want to contribute towards solving the issue of floods caused by haphazard building constructions in waterways in my area through proper land planning and education.
Apart from academics, I have various interests such as reading books, watching movies, cooking, and praying. I find books to be true friends that never demand or complain, and I mostly enjoy reading novels. Currently, I am reading a novel called "The Blind Assassin". As for movies, I like watching movies such as Titanic, Romeo & Juliet, Crash, and Twilight, among others, and I try to stay up-to-date with the latest releases. Cooking is also a significant interest of mine, which I likely inherited from my mom who is a great cook, especially when it comes to fufu and palm nut soup. I believe that knowing how to cook makes life much easier.
My Business
Due to a government ban on employee recruitment in Ghana, I have established a home-based printing press. I visit schools in my area, Weija, to type, print, and submit examination questions for them at a rate of 10 copies for $1. This has been a profitable venture for me, as I am able to generate approximately $110 per month in profit, despite incurring production costs of around $200.
My services have been particularly helpful to private schools in the area that do not have the resources to type and print their own examination materials. Many infant private schools face the challenge of not having access to an established printing press where teachers can have their exams and tests typed and printed for their students. Recognizing this need and being unemployed at home, I decided to learn Microsoft Office and typing skills to offer my services to these institutions in need. Now, I use the skills I have acquired to assist schools by typing and printing their examination materials.
The revenue I generate from my business is used to provide food for my elderly parents and cover my livelihood expenses. Starting a business in Ghana has not been easy, with increased utilities costs such as water bills, electricity bills, rent, and taxes. Additionally, frequent power outages have been a setback for my business, as I rely on the Ghana Electricity Company for power and do not have the funds to purchase a fuel generator.
I hope to expand my business in the future so that I can start a family and support my wife and children. I plan to use my profits to grow the business and potentially employ more people, thereby providing job opportunities for my colleagues who are struggling to find employment. My ultimate goal is to improve the lives of others by helping them secure their livelihoods through my business.
Loan Proposal
Please I need loan to buy printer to expand my business. Unfortunately the printer I am using has broken down and I have to buy new one which is about 200 Dollars. Now I am not able to work because the printer is spoiled. With the new printer I will be able to provide on time service with my customers and able to increase the quality of service I provide. I will be able to generate to the profit of about 60 dollars per month.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$258.00
Date disbursed
Sep 3, 2016
Repayment status
On Time
Projected term
60 months
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