Laminator to laminate coloured printouts
David
Kahawa Wendani, Kenya
100% repaid
Entrepreneur
Name
David
Member since
July 2014
On-time repayments
125 installments • 15%
About Me
My name is David W. Irungu a male Kenyan born in 1990 in Laikipia county. I am a single hardworking gentleman holding a higher Diploma in Graphic Design and Animation from Shang Tao Media Arts College, who is lucky to have started business as early as 19 years old and I have never looked back,and I did my studies while still in business. I am glad I have both parents and siblings all in good health. I am a business oriented person who has put efforts in the following fields like in general printing,Photography,Video coverage and editing,Phone and computer accessories, among others.My business is growing day by day and I make atleast USD590 every month,and add on stock to improve more and more.I am a diehard fun of football and I enjoy swimming as well every weekend. I am a long time area resident of Kahawa Wendani near Kenyatta University in Nairobi County, but my actual home town is Nyahururu. I am also a farmer back at home in Nyahururu, I have a green house where I grow tomatoes,pepper,cucumber and strawberry.
My Business
I have a shop at Kahawa Wendani Estate opposite Maguna’s Hyper Supermarket next to Kahawa Wendani stage, the shop registered name is Explod Investments where I specialize in Photography, bulk printing, video shooting and editing computer repair and maintenance. Kahawa is highly populated as it serves as residential for most soldiers from Kahawa Garrison and their families as well as students from Kenyatta University our neighbours, and other working class who commute to Nairobi city every morning thus there is wide and potential market for my services mainly to the students and the schools around. I have created good reputation in the neighborhood who have become my loyal customers over the years. I have two workers one professional IT personnel and the other a qualified graphic and design personnel. I ensure that once I get new customers they get the best quality service so that they can always come back and refer us to their friends. This way the business has increased its profits more and more. The business average monthly profits stand at ksh 50,000 (US Dollars590) and I am looking forward to increase the profitability. My vision is to be a major sort out I.T personnel at Kahawa Wendani, Kahawa Sukari,Githurai, Ruiru and KM market. I intend to use the loan to finance the expansion of the business towards this goal.
Loan Proposal
If I get the 44.8072USD funds I will purchase a laminator machine to laminate coloured printouts and customers certificates,this will highly reduce the cost of taking the work to other shops which costs me atleast 0.33605USD per entire piece of lamination and I get more than twenty five laminations in a day this translates to8.40135USD goes to other shops which is a great loss to me, because I only make 0.22404USD from every piece of laminated piece.But if I have the laminator machine I would be making a profit of atleast 14.0022USD from lamination alone,everyday because one lamination is charged at 0.56009USD when I multiply this by atleast twenty five of them its quite much in a day,I look forward to a positive response and this will greatly help me increase my profits.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Aug 6, 2014
Repayment status
On Time
Projected term
5 weeks
Other loans
Lenders
Republic of Korea
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