115 weekly installments • 84%
My name is Peter Wainaina. I am a father of 2 and I work in Mombasa town though I am originally from central Kenya where I grew up while helping my parents with their farming activities.
I have worked in many places ranging from hotels, hair salons and transport business.
My children are now young adults and one is doing a course in journalism while the other one is studying ICT in college.
I do different types of printing and branding. My production includes business cards, receipt books and all manner of publications. I also buy wall clocks and brand them in accordance with my clients (mostly corporate) needs.
My net income (on average) is about USD 400. My expenses are rent, electricity bills and wages. I am working hard to keep the business growing and enable me to buy bigger and better printing machines in future.
I do this with the help of one worker whom I pay on commission basis.
I will use the entire amount to buy printing paper for making different types of publications for my clients. This will help me in that I will get a good discount for buying in bulk.
I will be able to recover my expenses very fast since I print large volumes of work.
Apr 25, 2019
Cost to entrepreneur
Service fee: 5% of $242.54 = $10.90
Credit risk payment: $65.41