Buying an epson 3 in 1 photo smart colourprinter

Paul

Pangani, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Paul

Member since

May 2014

On-time repayments

70 installments • 64%

About Me

I am born in a family of four being the Second born, I managed to to my O-level and go to college the year 2009 to 2012 when i got Diploma in IT (Information Technology) my childhood was very tough as i had to go to school 4 Miles by foot from Home till the day i became top in my class and my parents bought me a Bicycle as a present and that helped me overcome the long walk to school. Being an energetic youth in my early twenty's with a lot of experience from where i was employed as a cyber attendant. Untill i saved some cash and opened a business which is managing a movie stall and play station games in the same stall that is situated in Nakuru kanustreet near rivannas supermarket a building named denzel towers and all the same i happen to be living in the same building because its a flats with four rental shops at the front of the building, i got into that business because all my interest were in line with that, i have been in this business for two years and counting and am not doing bad myself. the business has managed to secure me a bicycle for doing delivery and that has highly reduced my transport expense.

My Business

my current venture is much promising because of the current demand for entertainment in the region where my business is situated. i am into the business of sale of a wide range movies and music to all age groups and also play station services are available in my stall. my customers enjoy the my service because of the speed of the services that i offer and the comfort available plus the big screen on the wall playing the most recent previews giving them an easier job when choosing their movies. i generate an approximate income of around USD 4 to USD 7, that's an approximate monthly income of USD 120 to USD 210. my expenses vary depending of the basis of the business such as monthly bills like power,water,rent, my kid tuition fee and purchasing of Empty DVD's and Sleeves for packaging that are required to run the business. relatively the income acquired from the venture is enough to sustain its expenses and raise a reinvestment profit. risks faced in the business are very minimal and controllable.

Loan Proposal

Granted the loan i will add USD 46 to the USD 196 since the Printer ill be buying costs costs USD 242 local price. Having the printer will add alot to my work since i printer movies posters for advertising from a certain bureau which always costs me some USD 1 which i can save for some other job if i have my own printer. I am expecting to get 5% increase in saving as having the printer will reduce much expenses for my business.
Thanks