More printing paper to boost my stock

Peter

Mombasa, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Peter

Member since

May 2017

On-time repayments

135 installments • 77%

About Me

My name is Peter Wainaina. I am a father of 2 and I work in Mombasa town though I am originally from central Kenya where I grew up while helping my parents with their farming activities.

I have worked in many places ranging from hotels, hair salons and transport business.

My children are now young adults and one is doing a course in journalism while the other one is studying ICT in college.

My Business

I do different types of printing and branding. My production includes business cards, receipt books and all manner of publications. I also buy wall clocks and brand them in accordance with my clients (mostly corporate) needs.

My net income (on average) is about USD 400. My expenses are rent, electricity bills and wages. I am working hard to keep the business growing and enable me to buy bigger and better printing machines in future.

I do this with the help of one worker whom I pay on commission basis.

Loan Proposal

I will use the money to buy more rolls of printing paper. The paper is used widely for printing many types of publications and therefore they are always in high demand. I will buy them in form of large sheets and then have them cut into different sizes to suit the needs of my clients.

The profit realized will help me increase my operational capital while repaying this loan.

Thank you.