New machine and materials for my printing business

Patrick Quaye

Agona Swedru, Ghana

$873 to go

26% lent of $1,182 goal

7

hours left

  • $

Entrepreneur

Name

Patrick Quaye

Location

Agona Swedru, Ghana

On-time repayments

150 weekly installments  •  60%

About Me

My name is Patrick Quaye from Agona Swedru in the Central Region of Ghana. I am 31 years of age and married with a lovely kid. I have live in this town since childhood. I am a hard working guy since my tertiary education level. Over the past 6 years, i have tried to establish my own career through the help of my senior brother by name George Offei. It is my vision to grow my business and add more to it.

My Business

In the year 2011, I started a printing press business by name Data Publicity Co. Ltd with my brother George Offei with a start-up capital of Two Thousand Ghana Cedis (GH¢2,000.00). It is a joint company and it is own by my brother (George Offei) and I with an equal capital contribution.

The company is a printing press firm. We offer the following services:
1. Sticker printing,
2. Flex banners printing,
3. T-Shirt printing,
4. Graphic designing,
5. Photocopies,
6. Printing of invitation cards, etc.

Our customer base is large and we hope to increase. The sky is our limit

We currently operate with three other staffs and I am the General Manager.

Loan Proposal

I am reguesting this loan to expand my business. I have been in the printing business for so many years and getting new machines help you stay put in the business. I plan to use this new loan to get another FOTO copy machine worth 4100 cedis to help me reach customer needs in due time and give clean and present work. I will also use The rest of the loan to buy more materials for my new machine and large format printing materials. Having more materials and good machines help reach the satisfaction of your customers and help bring you more customers. Thank you for granting me this loan my dear lenders

Income Source

The printing business is also affected in this climate economic crisis and as I have been in the printing business for long I have come to know by not looking into one side of printing but rather doing more and looking into different printing sides of the business. Adding more and different printing machines will help you earn more money from the various printing sessions. Having every machine doing a different job will help income come from different printing machine and this will help pay bills, pay workers, buy materials, pay loan every week and go home with some money. The more and different machines you have in the printing industry the more job and money you get and that will help raise money.

Feedback

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Loan Info

Amount requested

$1,182.00

Still needed

$873.00

Application expires

Mar 8, 2021

Projected term

3 months

Cost of loan

Service fee: 5% of $1,182.00 = $59.11

Credit risk payment: $236.45

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