Purchase of machine part - large format printing machine
Patrick Quaye
Agona Swedru, Ghana
100% repaid
Entrepreneur
Name
Patrick Quaye
Member since
August 2017
On-time repayments
205 installments • 58%
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
Over the years, the performance of my company has been improving as a result of the introduction of high and quality technological large format printing machine which helps in printing of T-Shirt, Banners, etc. The machine has being in use for the past two years. Due to its frequent current usage, it needs some maintenance work. In respect of this, some parts of the machine need to be replace at a cost of USD1,020.00. My working capital current is not enough to purchase the spare parts. Hence, i am seeking for a support from this noble house to help me raise fund to buy the machine part.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$981.80
Date disbursed
Feb 4, 2019
Repayment status
On Time
Projected term
9 months
Cost to entrepreneur
Service fee: $30.01
Credit risk payment:
$180.04
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