Erick
Githurai, Nairobi, Kenya
100% repaid
Name
Erick
Member since
July 2013
On-time repayments
86 installments • 91%
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.
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$115) per month. One day I would like to expand my business and run a photo studio from a fixed location.
Through the loan I get I will be able to improve my business by; buying a photocopying printer worthy approximately US$ 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
Positive
1
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Jul 16, 2014
Repayment status
On Time
Projected term
5 months
Other loans
Ask Erick a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Loading...