Procurement of machinery for my printing press
Baffoe George
Techiman, Ghana
13% repaid
Entrepreneur
Name
Baffoe George
Member since
August 2014
On-time repayments
15 installments • 13%
About Me
I am a young man of 28 years and a family of Four. I hail from Techiman and schooled in both in Nkoranza and Techiman. I completed my tertially education in Sunyani Polytechnic and completed 2012. I am a computer literate and now doing my own business. I am into printing press business and now need money to improve the level of business because am taking Care of my two siblings. The main purpose of this venture is to equipping the economic job creation in reducing mass unemployment. There are targeted Cities and Towns which i have planed to extend my business to which require much to open these new branches. The best of the thing l like doing most at my free time is studying my Bible.
My Business
As i have already described it above the business, is a printing press venture. The business is actually profitable in sense of printing customers document, making complementary cards, Wedding card, Funeral invitation Cards. Customer would like to have other services like scanning photos and documents to their satisfaction but it is quite unfortunate that i don't have this gadgets to meet their requirements. It has been my heart desire to improve into this facilities to enhancing productivity and customer preferences. In terms of competition in my field, it's a little bit challenging because of inadequate facilities to enhancing my business but will be able to compete very well my competitors should l have this loan facility. I sat down to creating this business to aid in the socio-economic progress of my society i hail and the neighboring towns and cities as well. Moreover, this is to create business to reduce unemployment in the economy.
Talking about risk factor as far as this business is concerned, there is virtually very low risk of running at loss or be liquidation that will not allow me to be paying the loan and its interest. As matter of fact it is low in risk.
The potential of the business can raise a profit margin of $100 - $120 per month and i have one employee as at now. Should this loan facility be awarded me, i promise to be paying it in its due time thereby obeying all rules and regular you have listed.
I will be very glad should my Proposal to your front desk be considered.
Thank you.
Loan Proposal
As i have already described it above the business, is a printing press venture. The business is actually profitable in sense of printing customers document, making complementary cards, Wedding card, Funeral invitation Cards. Customer would like to have other services like scanning photos and laminated documents to their satisfaction but it is quite unfortunate that i do not have this gadgets to meet their requirements. The loan will be used in buying a laminator and color printer. l have some money i have been keeping for this machines and now need this load to be able to buy them. It has been my heart desire to improve upon this facilities to enhancing productivity to its best and customer preferences. In terms of competition in my field, it's a little bit challenging because of inadequate facilities to enhancing my business but will be able to compete very well my competitors should this loan facility be given me. I sat down to creating this business to aid in the socio-economic progress of my society i hail from and the neighboring towns and cities as well. Moreover, this is to create business to reduce unemployment in the economy. Talking about risk factor as far as this business is concerned, there is virtually very low risk of running at loss or be liquidation that will not allow me to be paying the loan and its interest. As matter of fact it is low in risk. The potential of the business can raise a profit margin of $100 - $120 per month and i have one employee as at now. Should this loan facility be awarded me, i promise to be paying it in its due time thereby obeying all rules and regular you have listed. I will be very glad should my Proposal to your front desk be considered. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
Sep 25, 2014
Repayment status
Late
Projected term
3 months
Lenders
Republic of Korea
Germany
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