Loan to buy a larger and faster printing machine

Entrepreneur

About Me

I am dickens ouma 33years of age, i did my primary education in kamagambo primary school after which joined kanyawanga boys high school. There after joined KCA University to peruse certified public accounting course, at my second year in the University my father whom i entrusted to pay my college fee was retrenched from his job. that happened as tel com Kenya which he was working with was privatized. i had no other means of getting my school fee so i applied fot the bursary in order to continue with schooling. i also did online article writing to get life moving as to pay for my hostel rent and other upkeep. Eventually when i graduated from college i secured a job with Kenya commercial bank as a taller, the pay was not much as i wanted to take care of my younger siblings and my expenses too, when the contract with KCB bank came to an end i never renewed as i went back into online freelancing business as my full time business. with the help of zidisha i got a loan and bought a laptop which helped me make my business better, later on bought printer and continued with printing business up to now. my current business can now help me pay for my HELB loan as well bring up my two sons and siblings up in a better way than i was brought by my parens

My Business

I do printing as my full time business, i did ventured into this kind of business as there was plenty of market in the surrounding environment in which i sited my business. i do print school examination papers a swell as company labeling stickers. i was lucky to be surrounded with several high school and primary schools as well as several companies with which i secured a contract of printing with. the income i get from this business of mine has helped my pay for my siblings expenses as well as my two sons, take care of my old mum and dad who are now not able to fetch tor their daily needs, and not forgetting buy for korogocho slum children home food at least twice in a month. i thank God for this far He brought me. I thank zidisha too for the previous help.

Loan Proposal

currently i posses a smaller printing and photocopier machine, i would like to buy a larger machine which can with held a digital colour printing,can produce at least 36 pages per minute, print labels, cards and glossy paper and can hold at least 300gsm. to meet my dreams i chose to go for a konica monilta bizhub c364 which goes for ksh140000.
i currently have ksh 92000 as my savings from my business of which if i add to the loan which i have applied for i will be able to buy the machine in cash as compared to hire purchase term which cost me more. by having this kind of a machine i will be able to increase my productivity level hence boost my profit making my over 35% from the current level

Feedback

Loan Info

Lenders