Entrepreneur
Name
Benard
Member since
June 2016
On-time repayments
45 installments • 58%
About Me
After college I worked for various companies in Nairobi which you used to pay very little. The income could only sustain your for not more than a month. so everyday u had to report to work punctually and without fail in order to guarantee yourself some income at the end of the month otherwise, absenteeism could cost you your job and your livelihood.
My Business
In 2013, after working in a number of companies for a couple of years I decided it was time to make a change. I was dreaming of a better life, a life of freedom. Freedom to control my own destiny and it was time to make a move, I had to make one of the greatest choices of my life. I resigned from my salaried job in order to start a small business. Earlier in my life I had aspiration to create my own business and that entrepreneurial spirit was in me since the time I was in high school. I use to read a lot about business; the types and forms of business around. The only challenge that was remaining was me to actualize those desires. I have been thinking of what type of business to start for quite some time now and how applicable and marketable it can be.
Back in 2013 I did managed to save a small amount of money which I used it to buy a computer and a small deskjet three in one printer. Earlier in the year I was thinking why shouldn't I not start a small printing and photo copy service, so every day I used to survey my area of residence for a suitable place to locate that kind of business. After some weeks of looking I eventually sported a strategic place and immediately I rented a room at one of the building . The location was within the vicinity of a major Aviation courses training college and it was a prime target as student from the college would need my services the most and without hesitation I setup the place and I was up and running within a month. During the earlier days the business was not so good but gradually it started picking up and customers started flocking in and soon demand for my services was increasing.as the days went by the load of work was becoming over whelming to my small printer and immediately I saw a need for a new and a high performance printer. Some customers where requesting for other services such as Internet and email services and that was a request I honored right away. That decision was a major turnaround for my business and today it’s one of the major services that I offer.
Loan Proposal
The loan if granted will be a boost to my business in that i will use is to replenish the already depleted stationery especially, the consumable materials e.g. printing and binding papers. Currently the cash flow is a little tough in this economy and to maintain a good standing in business is a challenge because without cash to cover for the daily running of business and to maintain stock will be a major challenge to business.
This loan will indeed be welcomed supports in my business coz it will assist in maintain the stable running of business without any delays or stress to the daily running of business operations. On the other hand it will help maintain a profitable prospect without much stress on the business due to unexpected expenses. This is advantageous to the business because it will help maintain the operating cash flow band with efficient management this loan will go a long way in seeing this business through in these rough times and it will be of great help to the business.
Thank you in advance as I look forward to a great and wonderful business relationship in the days to come. Hope you will favorably assist in growing this prospective business venture.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$10.00
Date disbursed
Aug 16, 2016
Repayment status
On Time
Projected term
6 weeks
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