Photo papers and ink for my instant photography
Millan
Kakamega, Kenya
100% repaid
Entrepreneur
Name
Millan
Member since
April 2015
On-time repayments
32 installments • 56%
About Me
I am a proud father of three kids the eldest having joined secondary school this year. He performed very well in National Primary Examinations and secured himself a place in National school-the best in the country.
I come from a humble background, the 3rd born in a family of 6 children. Our dad never took us to College because of financial constraints. I am a self starter and determined individual and so I managed to do some casual jobs and some hawking business around town and took myself to college where I pursued my Certificate in Sales & Marketing, did a Diploma in the same field and was pursuing my Bachelors in Business Administration when I couldn't afford the fee for myself and my kids at the same time.
So I had to dropout and concentrate in paying for my kids because my eldest son says he wants to pursue medicine while my 2nd born son wants to be a pilot. My last born is 5 yrs old and now in baby class.
I am an outgoing person, I like meeting and making new friends.
My Business
I do Instant photography-which means I take someone a photo and produces it within minutes(approx 2-5 mins) and they pay instantly. One photo 4x6 costs averagely USD 0.6
I am stationed in recreational parks where people go to have some rest during daytime. My biggest clientele are couples who frequent parks/gardens for recreational purposes. I approach them and request if they want a photo. Most of them agree and so within 2 minutes of taking them a photo, I print it and bring them the hard copy. In Kenya, as it is in most developing countries, people don't have cameras or tablets or handsets that have cameras so an instant photo is but like a miracle.
I chose this kind of business because of its liquidity ratio...you get returns immediately and also because I love photography. In high school for example, I was the school photographer. My uncle would lend me his camera, I would take students photos and then bring them hard copies when schools reopened the following term.
I basically use profits from my business to pay fees for my kids and as well re-invest into the business. I am planning to buy a new Epson printer because the one I have is old and prone to periodic breakdowns and also buy a new professional digital camera so that I can take my business to the next level
Loan Proposal
I will buy photo papers and ink for my Epson printer in Nairobi where they sell in wholesale price which means I will save alot of money.
1 pkt (100pcs ) photopaper costs approx $6 locally but in the Capital Nairobi where they sell in bulk, the same goes for around $3. I will be able to save an average of $3 per pkt which automatically means an increase in my profits.
My cost of producing a single photo will go down by 50% or thereabouts. This means it will be more easier for me to put food on the table for my family and also raise high school fees for my son which is $950 annually.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
May 11, 2015
Repayment status
On Time
Projected term
6 weeks
Other loans
Lenders
United States
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