Sylvester
Tassia Embakasi, Kenya
100% repaid
Name
Sylvester
Member since
February 2015
On-time repayments
148 installments • 32%
i was born in nairobi,went to st dominic primary school then to kangundo high school and then latter to kenya methodist university.searched for a job for 3 years without any success. after that started a clothing shop didnt work, after that started selling shoes but not profitable.After trying different business without success i was introduced to entertainment business(movie shop) by my friend which picked positively and showed potential of becoming a big business in future.Capital has become a major challenge because nobody i know has the capacity to fund me.Iam positive minded ,hardworking.
my business is in the entertainment industry which is a wide and most fast growing industry in Kenya.I run a movie shop.I also do photocopying,printing and scanning. This business targets both young and old.My typical costs are licenses,electricity bills, rent ,maintenance of equipment and stock.To pay for my school fees and child, rent ,family expenses .
i already have a small hp printer 2050 series which is quite
uneconomical due to the high cost of catridges and
maintenance. The printer is more of a home use printer
hence unable to handle bulk commercial printing is for this
reason that i want to raise funds to buy a bigger printer that
can handle commercial work and that is economical. I would
like to purchase Epson xp800 that has ability to print, make
more per minute copies and scan.
The printer market value is Kshs23,000 ($250)·With a loan of
18260 i can add my saving from previous loan project and buy
the printer.This will expand my business and hence increase
efficiency and profitability.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$203.00
Date disbursed
Jun 1, 2015
Repayment status
On Time
Projected term
3 months
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