Large-format printer for my photography studio
Geoffrey
Uthiru, Kenya
20% repaid
Entrepreneur
Name
Geoffrey
Member since
February 2015
On-time repayments
199 installments • 31%
About Me
Am Geoffrey , the 1st born in our Family , grey up and schooled in kajiado County with the Maasai community. I am a trained Information Technology expert with a passion in IT Currently, I am an IT entrepreneur.. I used to work with a tour company as the web manager and IT technician until i resigned and started freelancing in web development and graphic design.
Besides consuming loads of Graphic design journals and trends, I am into current affairs and I like watching latest local and international news and Documentaries whenever I get the opportunity off work. I like knowing things around me and the world in general.
My Business
I run printing business where I print full photos, passport / ID / Driving License photos, documents, brochures, business cards, posters and banners . I also photograph events like birthday parties, home coming parties, weddings, get-together events, then print the photos.
On a normal day i make between USD 20- USD 30 daily but on good days i can make up to USD 40.
My long term goal is to have a complete Photo Studio . Having a studio can increase my earning by close to 50% because currently the Kenyan market for professional photos is very big, and there is a vast area to focus on from portrait photos , magazines, political campaigns, events such as weddings, funerals and much much more.
I use 30% of my daily takings to cover my personal and family expenses, and 70% to cover my business expenses, including rent electricity, and materials."
Loan Proposal
The largest document I print currently is size A3. I have identified a potential market for large format document printing. in the location my business is, there are no large format printing services providers. People have to travel to town to get these services. The 2017 election season is also around the corner and there will be market for Postas and Banners printing for many contestants. This is why I have decided to invest in a Large format printer. I have Identified one on a local business website that costs Ksh.150,000 (USD 1500). With the savings of Ksh.80,000 (USD 800) I have made for the printer, the loan will help me fill up the remainder and I will be able to get the printer. This will increase my income by approximately between Ksh.10,000 and 20,000 a month with a probable surge during the electioneering period. This could also push me to get a help hand for the increase in work load. I will be glad to get assistance from Zidisha and the Lenders team for this upgrade to my business. Thank you in advance. Below is a link to the printer I intend to purchase (HP Designjet 1050)
https://www.olx.co.ke/ad/ex-uk-large-format-printer-hp-designjet-1050c-plus-ID15I7ss.html#a55c9613ca
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Loan Info
Project Type
Classic Loan
Disbursed amount
$718.00
Date disbursed
Apr 15, 2016
Repayment status
Late
Projected term
62 months
Other loans
Lenders
Vietnam
Taiwan
Jake Gibson and Beverly Picardo
San Francisco, United States
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