Photocopier machine for my shop

Enock

Techiman, Ghana

0% repaid

Entrepreneur

Name

Enock

Member since

August 2017

On-time repayments

70 installments  •  56%

About Me

Enock:I completed my secondary school education in the year 2004.Due to financial difficulties l could not continue my education to the tertially level. I entered into trading of second hand clothes selling to the nearby villages.The people in Techiman here are traders and they are very hospitable.I have two children,namely Stanley Gyan and Florence Gyan.My children always tell me daddy "we will like to become teachers to help train the young once to also acquire kwonledge and skills in life. I like tellig my people stories in good character building.

My Business

Enock:I have a photocopy shop.l make duplicates of documents ,printing of invitation cards and poster making. The people in my community need to make their business known by advertising them through posters and banners.Also there is a private university close to my shop and students come to me for their project work book binding and photocipies.I chose this business because l want to make peoples business known and save the students from travelling some miles before getting their copies of ducuments done.
The cost of making one poster or banner ranges from &30.20 to $45 depending on the size. I make a profit of about $15 on a banner or poster. I reinvest the profit l make in my children's education and home management.

Loan Proposal

If this facility is granted to me, l will use the money to purchase another photocopier machine in oder to work on more copies of duplicates. The machine am using now is too old for the work load of late. I want to buy a copier machine at the cost of $514.(slightly used one). This is going to boost my income generation in the work. It will also help especially the university students to get their book bindings and copies of their documents done right at the school doorstep. When this machine is acquired, l expect my profit to raise from $20 to $28 per day.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$520.00

Date disbursed

Jul 25, 2018

Repayment status

Late

Projected term

6 months

Lenders

Paul Buchheit

Mountain View, United States

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