Purchase catridge for my photo copier

Entrepreneur

About Me

i grew up in a poor family were getting three square meals was almost impossible i was always sent home from school for not been able to afford my fees until i got admission at Wisconsin university collage Legon Ghana study Bsc. computer science and management student ID Number WIUC/01/921. in 2008 and dropped out 2009 since i could not afford the expensive fees.

after i dropped out i took a job opposite the school working as a sales man at a business center until December 2010 and decided to travel back home to look for greener pasture my break came in 2012 when i acquired a loan of huge interest and started a small business doing photocopy and typesetting for money while going to school until i finished paying the loan in September 2015. i have completed my first degree.

the people of my community are mostly farmers and cattle rarer, peaceful, business minded and focus.

my daughter Mildred is 1 year 7 months old and my first.

i love to learn a lot especially on the INTERNET but its expensive at this side of the country. i love to going to the gym and watching movies.

My Business

i am into ICT business sales of computer and accessories, repairs of computer, printing ad photocopying, and freelancing.
they are in demand since people buy lots of accessories for their computer like pen drives, mouse and lots of photocopies are done especially printing of passport pictures, ID Cards, Invitations and complimentary cards.

typical cost monthly is averagely between $100 - $200 for purchasing cartridges, papers, rent and light bills. an average revenue of $50 - $100.

i have monthly saving for my daughter when she grows up, i invest a little in the business for better profit i also have a one employee who am training as well.

Loan Proposal

i will purchase a Cartridge for my Photocopier Canon IR 4570 which is currently running out of toner which cost around $35.00.

since i have employed one staff it has given her the Opportunity to earn an allowance monthly and the cartridge if efficiently used will generate more income for the sustainability of the business.

if i Purchase the cartridge of $35.00
Cost
Item Amount
Cartridge $35.00
Electricity bill $5.00
Salary $25.00
A4 Paper $20.00
Total $85.00

Expected Income $100.00

Profit = Expected Income - Total Cost
Profit = $15.00

I expect a $15 profit and if am able to repeat the process if the loan is approved and to hopefully apply for an increment better amount next time

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Loan Info

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