Buying a printer & printing supplies
Solomon
Changamwe, Kenya
14% repaid
Entrepreneur
Name
Solomon
Member since
July 2015
On-time repayments
250 installments • 55%
About Me
My name is Solomon Mureithi. I was born in Nyeri county which on the slopes of Mount Kenya. I was born and raised up in a farming community and I used to help my parents with their daily chores when not in school. The farmers in this area grow food crops as well coffee for cash.
I attended primary school and later joined secondary school where I took four years. I later joined a government program for youths called National Youth Service (NYS) at their training base in Gilgil. Young people are trained different types of technical skills with the purpose of serving the country in different areas. After a four months course, I was posted in northern Kenya where I served as a sentry in a government farm.
I was then posted to NYS Mombasa where I did a course in Electrical Installation which took me three year. After graduating, I worked for several companies as an electrician. Unfortunately, I was retrenched after working there for a few years.
With my savings, I decided to turn my hobby - photography into a career. I opened a small studio where I do still and video photography to this day.
I am married with two children.
My Business
My business deals in still and video photography. I normally cover events such as weddings, anniversaries, documentaries etc. I decided to start this business after realizing that this is something I like to do as a hobby. I also live in an urban area where there is a huge market for photography services. I also sell photography accessories such as frames and photo albums.
My income from this venture is about USD 600 per month where the overheads such as rent and maintenance total to about USD 300. I use the balance to support my young family and to support my aging mother back home.
Loan Proposal
For the last two weeks now i have been doing printing of election posters and other merchandise. i have made some profits out of it but a have released i wound have made more if i had the right printer to print up to A3 paper. more of the money went to printing and materials. So i have a business plan to buy a new printer that can take bigger paper size (A3) and Printing materials as folllows.
1. A3 (Mini)Biz hub Printer Minolta konica or Epson @ USD 650
2. Printing materials eg sticker papers, ink and toners @ USD 250
3. Transport and others @ USD 10
Feedback
Positive
4
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$951.00
Date disbursed
Jun 7, 2017
Repayment status
Late
Projected term
111 months
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