Fabric printing machine to print t-shirts

Jacktone Asembo

Kombewa, Kenya

23% repaid

Entrepreneur

Name

Jacktone Asembo

Member since

January 2015

On-time repayments

30 installments  •  30%

About Me

I am jacktone asembo by name,last born in afamily of seven.i went to kandaria primary school and later joined Ramba high school where i sat my KCSE exams.my parents are peasant farmers and therefore we had a tough time growing up because there was no steady source of income in our family.currently i am a third year student at the University of Nairobi pursuing a Bsc in Bio-chemistry.it is at the university that i started my business that i could raise money for my fees and my upkeep.i love watching movies and football being an ardent fan of Manchester United.

My Business

when i joined university,i saw an opportunity to do business based on the fact that many youths there like to associate with the current fashion trends.my business entails buying second hand(mitumba) clothes and shoes.i also print t-shirts based on demand.i majorize on ladies' apparells since they buy more than my male counterparts.i therefore juggle my business between my studies with the help of a colleague who is my patner.i also supply others to some customers in Kisumu.currently i make aprofit of 8000-15000KES amonth.i use this income to pay for my fees and accomodation and plough the remaining back in to the business.

Loan Proposal

I would like to purchase a fabric printing machine that will enable me to print fabrics as per the demand,specification and requirement of my clients.this will enable me to expand my business because i currently have to go to a partner in the same line.the machine costs 200 dollars.this will make my sales increase and consequently my profits.i expect my profits to increase by approximately 45 dollars weekly.this will help me to repay my loan well and also help me in paying for my fees.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$190.52

Date disbursed

Jun 13, 2015

Repayment status

Late

Projected term

5 months

Cost to entrepreneur

Service fee: $7.52

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