To buy big colour printer for my bureau

Kennedy

Majengo, Kenya

100% repaid

Entrepreneur

Name

Kennedy

Member since

April 2015

On-time repayments

67 installments  •  40%

About Me

My Name is Kennedy Munyao . I am the sixth born on 17th April 1988, in a family of eight. I went through the both primary and secondary school. After high school joined my former primary school in 2008 as a Parents and Teachers Association (PTA) teacher for about two years. Through small savings i bought a camera and started taking photographs and develop for students and other events within the environs.
I left the teaching fraternity and through my bothers support joined Data Networks Institute(DNS) college in Mombasa where i did my Computer Application Certificate and Hardware and Software Maintenance Certificate where i completed in 2010. Through my hardwork and good performance i was awarded internship in the same college in the Hardware and Software Maintenance Department. After four months in the internship the director recommended me to another employer who was running cybercafe and photography studio . I worked there for 9months . I decided to quit the job and start mine because i felt unused and needed to utilize some of my knowledge which idle at that place. My dream was to be an entrepreneur one day so that experience that pressure of managing an office and my own clients. I bought my first computer while in college and was able to do some job after job and also during my off days to earn an extra coin . The money I got from extra jobs I used to lend it to my friends who paid back with a little interest. The money lending business enable me to do more savings because i was still staying with my brother. I acquired a second hand copier through the savings of money lending.

I left to Malindi and started to bureau with my little savings i had. I started with repair and maintenance of laptops,desktops and software to expand my experience. I did this for about two months then i brought my copier and printer to expand business. I do repair laptops,Desktops,Printers, Typing-setting ,Printing,designing of Business cards,Logos,Brochures,Receipts and Invoices. My business has been doing well and now i want to expand it.

The environment has encouraged me to grow due to everyday opportunities that arise every time. The change of time leads to change of events and now i want to buy a bigger coloured printer which can allow me to cut down the cost of printing from other printers.

I am single and i live in town where i do open my small office from Monday to Friday and Saturday half day . I do pass my leisure time visiting my friends whom we share one on one about the business and motivational ideas. I like interacting with people in different business criteria to give me a morale to press on in life for better future.

My Business

I do repair laptops,Desktops,Printers, Typing-setting ,Designing and Printing of Business cards,Logos,Brochures,Receipts books and Invoices. I like my job because computers and laptops do develop problems every now and then either software or hardware malfunction . This job has sustained for the past three years with a monthly revenue of about USD 250 - 350 per month.

I use my profits to cater for office rent, office stationery,electricity and others Miscellaneous of about USD 105, my house rent,electricity and water bills of about USD100 and other saving to pay my school fees. Due to need to grow my knowledge I joined Digital Advisory Learning Centre (DALC) where am doing Advanced Diploma in Information Communication Technology (ICT ) which am entitled to complete by the end of the year 2015.

The reason why i joined college is to enable me to be able to acquire tenders of repair and maintenance in county government and other NGOs because i want to register a company after completing my studies. I like DALC because its fees payments its pocket friend and you can pay in installments of as little as USD 50.

Loan Proposal

I want to buy Epson WorkForce 3640 Printer to help me reduce printing cost that i incur when printing from other printers. The printer is quite efficient and with a faith price of $150.50. This will boost my business alot because all printing cost will be brought down to almost 2% thus saving alot of profit.

Through the help of this new device i am expecting to raise my profits to about 70%. My clients will be very happy becasue most of job was unable to print will be done. This will also draw me more customers to my business hence enhancing my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Jun 1, 2015

Repayment status

On Time

Projected term

8 months

Other loans

Lenders

PG

Paul Graham

United States

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