Inventory of photocopying machine

Erick

Githurai, Nairobi, Kenya

100% repaid

Entrepreneur

Name

Erick

Member since

July 2013

On-time repayments

86 installments  •  91%

About Me

Am Kenyan in mid 20s of age living in Githurai Nairobi. I have completed college level education. I come from a family 6 siblings (three brothers and 2 sisters) and we grew up in western Kenya. Am single and my hobbies are watching football, travelling and listening to music. Above all I like doing community work during my leisure time like nature conservation. Through my business am able to support my basic needs and also support my younger brother like paying rent for my room, food, clothing and medication.

My Business

I have a Bachelors degree in biomedicine with IT but I was unable to get a biomedical job after I graduated. So I started a Mobile Photo studio business- where I do photo shop and photo shooting for customers in my neighborhood which are meant for business promotion and advertisement. Also for domestic purposes like in cases of weddings and other mini events. From the business am able to get an average net profit of about Ksh 10000 (~US$115) per month. One day I would like to expand my business and run a photo studio from a fixed location.

Loan Proposal

Through the loan I get I will be able to improve my business by; buying a photocopying printer worthy approximately US$ 50. Though still my budget will be is way above the loan I get , I need 60 dollars for renting a business room per month, 10 dollars for electricity bills, 30 dollars for buying printing papers. This in turn will result to an increased income since currently I spend much on printing photos and stuff.
From the returns to business the first priority will be paying for my monthly loan installments , add stock to the business, meet my daily basic needs for my dependents and myself like food , clothing and medication.
Though my business is still young I will wish to establish an up to date photo studio and increase the coverage area hence increased customer pool

Feedback

1

None

None



Loading...

Loan Info

Project Type

Classic Loan

Disbursed amount

$50.00

Date disbursed

Jul 16, 2014

Repayment status

On Time

Projected term

5 months

Other loans

Lenders

G

GalantnostS

Hong Kong, Hong Kong

A

argos

Zurich, Switzerland

fairspirit

Utrecht, Netherlands

Sarasota

Sarasota, Fl, United States

Matching Fund

Sterling, United States

CMK71

San Francisco, United States

Ask Erick a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...