Photo paper, frames and albums for my photography studio

Solomon

Changamwe, Kenya

100% repaid

Entrepreneur

Name

Solomon

Member since

July 2015

On-time repayments

250 installments  •  55%

About Me

My name is Solomon Mureithi. I was born in Nyeri county which on the slopes of Mount Kenya. I was born and raised up in a farming community and I used to help my parents with their daily chores when not in school. The farmers in this area grow food crops as well coffee for cash.

I attended primary school and later joined secondary school where I took four years. I later joined a government program for youths called National Youth Service (NYS) at their training base in Gilgil. Young people are trained different types of technical skills with the purpose of serving the country in different areas. After a four months course, I was posted in northern Kenya where I served as a sentry in a government farm.

I was then posted to NYS Mombasa where I did a course in Electrical Installation which took me three year. After graduating, I worked for several companies as an electrician. Unfortunately, I was retrenched after working there for a few years.

With my savings, I decided to turn my hobby - photography into a career. I opened a small studio where I do still and video photography to this day.

I am married with two children.

My Business

My business deals in still and video photography. I normally cover events such as weddings, anniversaries, documentaries etc. I decided to start this business after realizing that this is something I like to do as a hobby. I also live in an urban area where there is a huge market for photography services. I also sell photography accessories such as frames and photo albums.

My income from this venture is about USD 600 per month where the overheads such as rent and maintenance total to about USD 300. I use the balance to support my young family and to support my aging mother back home.

Loan Proposal

My budget for this money is as follows:

1. Buy assorted picture frames at a total cost of USD 30
2. Buy assorted photo albums at a total cost of USD 20
3. Buy 1 box of photo paper at a total cost of USD 10.

This stock will go a long way in boosting my sales and this timing is crucial because we are now approaching the high season. This will definitely translate into more profit for my business. Thank you.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jul 21, 2015

Repayment status

On Time

Projected term

2 months

Lenders

C

Christian

Saarbruecken, Germany

A

andyfletcher

I want my "My loans" page back, Qatar

G

guenter

Bremen, Germany

Z

zvrk2014

Brookline, MA, United States

M

Mirko110775

Hamburg, Germany

Jansa

Oulu, Finland

Alberto Cereser

Copenhagen, Denmark

MW

Matt Willis

United States

Lou Kaucic

Sanbornton, NH, United States

H

Harry

Florida, United States

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Summary

Amount repaid

$104.49

Amount remaining

$0.00

Date repaid

Oct 6, 2015

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
Aug 2, 2015 $10.31 Aug 3, 2015 $10.31
Aug 9, 2015 $10.31 Aug 14, 2015 $10.31
Aug 16, 2015 $10.31 Aug 19, 2015 $10.31
Aug 23, 2015 $10.31 Aug 27, 2015 $10.31
Aug 30, 2015 $10.31 Sep 3, 2015 $10.31
Sep 6, 2015 $10.31 Sep 11, 2015 $10.31
Sep 13, 2015 $10.31 Sep 16, 2015 $10.31
Sep 20, 2015 $10.31 Sep 27, 2015 $10.31
Sep 27, 2015 $10.31 Sep 27, 2015 $5.15
Sep 30, 2015 $5.15
Oct 4, 2015 $11.71 Sep 30, 2015 $5.15
Oct 6, 2015 $6.56

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