Printing machine to produce exam materials for schools
Otieno
Nakuru, Kenya
$0 to go
100% funded of $150 goal
0
days left
Entrepreneur
Name
Otieno
Member since
June 2014
On-time repayments
5 installments • 0%
About Me
My name is Fredrick Oduor Otieno am 27 years old leaving in Nakuru town. I sat my o level exams in 2006 and then proceeded to a teachers training college in Machakos where i graduated with a teaching certificate. I have been pratising my profession for the last three years where I saved for my current business where am involed n the supplying of stationeries and printing of exams materials and partly involved in tuitioning of candidates during holidays at a fee. My business is a young business and Ihave been sourcing for funds to no avail since the requirements for funds from the financial institutions in Kenya is so tiresome and to qualify for such funds considering am a young business man takes alot of time and the requirements are hard to achieve. My business makes around 80 dollars a week which translates to 320 dollars a month . I learnt zidisha through a friend and truly from the stories i have read and seen through your initiatives i decided to join.
My Business
My name is Fredrick Oduor Otieno am 27 years old leaving in Nakuru town. I sat my o level exams in 2006 and then proceeded to a teachers training college in Machakos where i graduated with a teaching certificate. I have been pratising my profession for the last three years where I saved for my current business where am involed n the supplying of stationeries and printing of exams materials and partly involved in tuitioning of candidates during holidays at a fee. My business is a young business and Ihave been sourcing for funds to no avail since the requirements for funds from the financial institutions in Kenya is so tiresome and to qualify for such funds considering am a young business man takes alot of time and the requirements are hard to achieve. My business makes around 80 dollars a week which translates to 320 dollars a month . I learnt zidisha through a friend and truly from the stories i have read and seen through your initiatives i decided to join.
Loan Proposal
Having applied for the loan I intend to use the amount in expandind of the business. i am going to use the 150dollars in the following way; 100 dollars is going to be used in the buying of the printing materials these are the printing papers and writing materials and also to have atleast a helper that is going to assist me n the sourcing,distribution and printing of the exam materials to easen the work load on me. 50 dollars is going to be used in the expansion of the business premises and paying of the bills .The profit the is going to be generated out of it is going towards the buying of the printing machine.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jul 14, 2014
Repayment status
Late
Projected term
5 weeks
Lenders
Southampton, United Kingdom
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