Loan to purchase a heat press machine

Charles Gacheru

Kinangop, Kenya

100% repaid

Entrepreneur

Name

Charles Gacheru

Member since

June 2016

On-time repayments

176 installments  •  37%

About Me

It was later to dawn to me that it would again take almost ten years waiting to be absorbed by the government. With the skills that I had acquired in Information Technology, I thought of switching to something different and the idea of self employment was born. During my stay I have been offering services and on producing online payslips for teachers, I have been disappointed since they are usually underpaid and id rather stay in business where I feel I do better than in the teaching profession. May be in future i will invest in education and think of managerial position in the teaching profession which is far much better than being just a classroom teacher. It was later to dawn to me that it would again take almost ten years waiting to be absorbed by the government. With the skills that I had acquired in Information Technology, I thought of switching to something different and the idea of self employment was born. During my stay I have been offering services and on producing online payslips for teachers, I have been disappointed since they are usually underpaid and id rather stay in business where I feel I do better than in the teaching profession. May be in future i will invest in education and think of managerial position in the teaching profession which is far much better than being just a classroom teacher.

My Business

After graduation and no jobs coming by, I decided to start a simple business to earn income, I own a stall offering various accessories I own a desktop computer and have been offering computer typesetting services to my customers. I also design cards and do the printing. The business is so far doing well, however the operation cost is making profits go down, in side of printing, i dont have a reliable printer and the HP deskjet 2515 that I own is not reliable. This means that whenever I have bulk printing and photocopying, there is interuption to do some reffiling of ink and sometimes the catridges fail. Photocopying is my main source of income since atleast every day i make about USD5 in photocopies only.

Loan Proposal

With my third loan, I want to purchase TransPro Select 15X15 Heat Press machine currently going for USD 550. This machine has many of the quality features that found on similar but more expensive machines in the market. I settled on this machine because of its ability to apply heat transfers to may types of materials eg. Tshirts, Caps Plates, mugs among others. This will enable me introduce a service that currently is not available in many parts. I will be printing names of individuals on the tshirts and even caps, am also targeting homesteads by printing favourite photos on mugs. The extra cost on the machine will be toppled from my personal savings.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$359.65

Date disbursed

Dec 20, 2016

Repayment status

On Time

Projected term

62 months

Cost to entrepreneur

Service fee: $14.83

Lenders

A

alfredo

Bremen, Germany

investor

Candiac, Canada

Vanamo

Helsinki, Finland

AndreaBravi

London, UK, Canada

T

treyh

San Diego, CA, United States

Martin

Manama, Bahrain

E

elkbrett

Bradenton, United States

P

parsonsron777

Sacramento, United States

D

dterryn

Brussels, Belgium

H

hilde

seattle, United States

G D Export

Kolkata, India

EmilAsker

Lomma, Sweden

B

Bavarian

Bavaria, Germany

HE

help each other

Glasgow, United Kingdom

J

Jaslogic

Castle Rock, United States

Cloudways

Malta, Malta

G

Goodwill

Oakland, United States

R

RobBne

Brisbane, Australia

ads68

Melbourne, Australia

P

Prysdahl

Marshall, United States

Ingela

Falun, Sweden

fairspirit

Utrecht, Netherlands

BF

Bob Fitzjohn

Fontvielle, Monaco, Yemen

K

kjustad

Asker, Norway

neocodesoftware

vancouver, Canada

A

Amani

Beaverton, United States

mojobob

Hayward, United States

M

MarkKrakow

Joliet, United States

mepster

San Francisco, Ca, United States

R

RonEddy

United States

H

hixeu

Belgium

dpollard

United States

Peter R

Fulda, Germany

E

Erich

Zurich, Switzerland

Dave Bogard

New York, United States

Family Mueller

Petershagen, Germany

MW

Matt Willis

United States

JT

John Tabacchi

United States

Hans Rytterbrant

Stockholm, Sweden

V

Vivek

Arlington, VA, United States

N

Nick

Greater London, United Kingdom

N

Nick

United States

Rosario von Li

San Jose, Ca, United States

Thomas

Sweden, Sweden

J

jeananne

United States

Craig Newmark

United States

The Zinc Team

San Francisco, United States

MO

Mark Owens

United States

WS

Warren Shen

United States

Humble Bundle Community

San Francisco, United States

Cora and Andi

Frankfurt, Germany

BE

Bob Ewing

United States

R

Ryan

Albuquerque, NM, United States

D

Dalton

San Francisco, United States

HCPSPIRIT

Helsinki, Finland

Haroon S

United States

Dean Suminski

Portland, Oregon, United States

A

Anonymous

United States

R

RMIM

United States

KA

Khaled Asmri

Saudi Arabia

WC

Walter Clarke

Phoenix, United States

Paul Buchheit

Mountain View, United States

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