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Solomon

Eldoret ,kamukunji Bondeni Estate, Kenya

100% repaid

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How it Works

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

Dear lenders once again I appreciate for the support you gave me in the previous two loan may God bless you .
I also would like to propose that given funding I will use the loan as follows:-
HP printer us dollars 150
printing papers 32 rims worth 128 dollars
God blessyou I look forward to your support