Loan to buy a 3in1 printer for my business
Jerioth
Kahawa West, Kenya
25% repaid
Entrepreneur
Name
Jerioth
Member since
May 2014
On-time repayments
15 installments • 0%
About Me
I am a trained journalist I love writing lifestyle articles,that is why i joined college to become a professional.I hope to start a magazine someday and a printing bureau and with my skills write family reading material. i also write as a side hustle and earn about $100 in a month. I was always an independent child and i think this has enabled me grow in various ways in my life. I cleared high school at 17years and college at 20yrs. Having been exposed to life early i got my first job early...up to date i have worked for several companies looking for green pasture and i think i finally found it this year in business and will use managerial skills i got from previous jobs to run it.
My Business
I have an MPESA business that is situated near my home...MPESA is a money transfer system made through mobile phones mostly in East Africa. The area where the shop is located is densely populated and being near several university campuses...most of these people are college students and young adults. The money transfer helps them receive money for upkeep from their parents directly in their phones. I hope to buy a computer and printer and start printing services especially over the weekend when they have a lot of assignments. These I believe will be my best shot in business because I will offer cheap photocopying and printing services. Most of these being students most of their printing will be in bulk and that means more business more money. And hopefully increase my monthly income for my shop and hopefully increase my employees salary
Loan Proposal
When i get this loan. i will buy a 3in1 printer machine. its called a 3in1 because apart from printing it also does photocopying and scanning. it goes for about $100 for a new one in retail. the rest of the loan which is $50 i plan to buy a rim of photocopying papers and get a metal door (secure door) for my business. The money for MPESA business i take it home everyday but with a printer i will need tight security because we can not move it every morning and evening. I am requesting for this financial support because i am not able to raise all the money at a go, considering i have to pay my employee and pay the business premises rent. With the help i believe i will improve my returns from the business and expand by buying a commercial photocopier.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Jul 1, 2014
Repayment status
Late
Projected term
3 months
Lenders
United States
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