Purchase of photocopier machine

Ebenezer Dauda Appiah

Zebilla, Ghana

22% repaid

Entrepreneur

Name

Ebenezer Dauda Appiah

Member since

July 2016

On-time repayments

197 installments  •  27%

About Me

I am the first born of Mr. Appiah Dauda and Madam Cecilia Boadu. I have two siblings, a girl and a boy. Life was tough for my family when my father joined his ancestors before I attained age eight. My mother who I affectionately call 'Yaa Asantewaa' (a brave woman in the Ashanti kingdom who led the Ashantis into wars in centuries back) passed through a lot of suffering and perseverance to see me through my education from primary school up to the college level. Despite these challenges, I studied hard to pass all my examinations once and not to let my mother suffer in vain and also take the mantle of sponsoring the family from her.
Currently, I am married with a son and now the backbone of my family.

My Business

The name of my business is Adoma Printing Business Centre. It is located about 2 kilometres away from the southern part of the Zebilla central market. I offer typing, printing and photocopying to the neighbourhood and other customers around. This business is high in demand because schools type, print and photocopy examination questions for their pupils whereas individuals come in to get their various documents typed and printed.
From the profit gotten, that is what earns my family a living. I take care of my family's needs from the income that is generated from the business. I pay for rent, water and food. I am in Valley View University now offering Bachelor of Education in Information Technology on a sandwich programme (during vocations). About 50% of the profit is always reinvested to boost the income level of the business.

Loan Proposal

I will purchase a photocopier machine to enable me undertake mass production to increase my work output at a faster rate. The type of photocopier to be purchased is Canon IR3025N (home use/slightly used) at a cost of $550.00.
Currently, I have only one secretary at my business center. The purchase of the photocopier machine will create another employment opportunity for someone because mass production goes with high labor. It will also generate income to support my university education as well as family members. I expect my profit to increase from $85 daily average sale to $120.00 daily average sale.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$536.51

Date disbursed

Oct 15, 2016

Repayment status

Late

Projected term

417 months

Cost to entrepreneur

Service fee: $13.29

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