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Paul

Mombasa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Paul

Member since

June 2014

On-time repayments

353 installments • 77%

About Me

My name is Paul Materi born in 1963 in Nairobi area. I am the first born in a family of 7 members. My parents are peasant farmers and live in the Rift Valley region. I am married with one child who is in secondary school I did my primary school course and later joined secondary school. I joined a teacher training college shortly after my secondary school where I graduated as a primary school teacher. I was posted Namanga Primary School where I worked for four years. I later quit the job and started my own business.

I am an active member of my church – Voice of Jesus where I serve as a church minister. This is voluntary work which I normally do on Friday morning and Sundays.

My Business

My business entails printing works where I print all kinds of publications. I do publications such as simple hand bills, stationery books, banners etc.

I also do branding in form of printing T-Shirts, mugs and signage. I serve small institutions such as churches and schools as well as large companies.
My turnover is about $1200 per month but most of this money goes into buying of raw materials and labour leaving me with a profit of about $300. Given access to credit I will be able to expand my business by stocking raw material for my printing work. I have employed two casuals who help me in doing this job. I hope to employ them permanently when the business expands.

Loan Proposal

I do printing work and this involves consumption of huge amounts of paper. I use the paper to print receipt books, promotional materials, certificates etc. It is much cheaper to buy the paper and other printing materials in bulk (economy of scale) and this increases profitability.

If loaned again I will use this money buy a stock of assorted printing paper which I will then use to do my printing work. This will lead to increased profitability since most of my expenses (>50%) go to buying the raw materials. I will be able to save about 25% of what I would have spent buying the materials in small quantities. This will also save me time that I use when I go to buy the paper when they run out.

Thank you for your valuable support.