Loan to purchase an Epson A3 printer

Robert Kpamma

Kasoa, Ghana

32% repaid

Entrepreneur

Name

Robert Kpamma

Member since

July 2015

On-time repayments

66 installments  •  44%

About Me

My Childhood and Education.
During my childhood, I was discovered to be quiet but strong and intelligent child. My friends used to called me” Kofi the strong man tack him and see”. They were afraid to tack me because I was strong.
I grew up cultivating the habit of going to Church everyday as a Catholic for Daily Mass. As an Altar Boy or a Mass Servant I used to be at Church at 6:00 AM to prepare the Altar for Daily Mass (Church Service) at 6:30 AM. I couldn’t have a better day without going for Daily Mass.
As a student, I used to get myself ready for Daily Mass after which I go to school without going home. I play a good leadership role both in School and in Church. In school (Junior High), though I was not given leadership position, yet I played the role as a Senior Student. I used to go to school early to take roll call so that later comes will be penalized.
One challenge I had when in Junior High, was when my father demand that we should go to farmer and help during school hours. Even though, I was hard working as a child but to go to farmer on the expense of my school hours was serious challenge to me. However, for my hard work and better performance in school, my Headmaster help me out of this by talking to father to always allow me to benefit from my school hours rather than to the father.
This made me never to forget my Headmaster. It was all because of my conduct and good behavior in school and safe me. This helps me to come out from school with a better grade. I would have perform poorly and drop out of school because of this challenge.
I stared my own business as a photographer after I had some experience working with a number of sole proprietors. It has being my dream to have my own business, but how to start was a big challenge to me.
Fortunately, one day I got a small camera which belongs to my brothers. I said to myself I can make business out of this, and luckily it was during Easter, thus a season for photographers to make more business. So it was the right time for me. Even though I had negative thoughts about how friends will under minds me taking up this business yet I discovered it to be lucrative business.
And there I found myself in photographic.

My Business

My Business Story.
I started my business in 2004 as a photographer. I got to discovered myself from my Entrepreneurship lectures as one among others who put the ideas of entrepreneurship into action. Why because I was taught by my Lecture that entrepreneurs start their own business basically with an idea and not necessarily with money.
As a photographer, I started my business with no capital. I just got a small camera from my brother was determining to make business out of it. Even though, I offered Diploma in Business Studies (Accounting Option) in Kumasi Polytechnic. After my completion of the course my mind was to search for job but not to do my own business because I was taught that to do any business one need to have a start -up capital. And I didn’t have any start-up capital, so having interest in doing my own business was a big challenge.
However, in the process of searching for job and working with a number of sole proprietors and private companies the idea of starting my own business was ringing loud into my hears. And this idea came into fruitful when I got that small camera from my brother. It was Easter period and as a Church member I believe it was the right time to start my photographic business.
I had a lot of challenges as to how to start since I never did photographic as a course. And they were about five experience photographers already in my church not to talk about those in that community. I also had in mind that negative taught as to how people will as Polytechnic graduate becoming a photographer. But having done my costs and benefits analyses on the business there was nothing that could hold me from going in.
I kick into the business and within one year I became I professional photographer and the first among the five experience photographers to introduce digital photos and with instant printer.
In 2007, my uncle conceives me to join the banking industry to work as a Cashier but that couldn’t stop me from the photo business. I was making more money and having more freedom in my business than working in the bank. I had to resign from the bank in 2012, because I wanted my freedom so badly than working in the bank for prestige. Moreover, this allow me to concentrate on my business and build it for the future.
I choose this business not only because it's lucrative but I love doing it and allow me to meet new people and get connected with them for life. I also give the opportunity to travel to other places.
The typical costs of printing 500 pictures currently is equal to GHS375 and all things being equal the typical revenue on this will give my business GHS 1250.
I use the profit for growing my business, home improvement, and investing into other new business. I have invested some of my profit into Agency Banking which is about to kick off.

I am applying for this loan to help me top up the money I have from my business to buy a new HP photo printer. The cost of the printer is currently $280. I will be paying back this loan in a monthly installment of GHS52.8 out of my business.

Loan Proposal

My photography business is really doing well since I had my 5x7 HP printer through my previous loan. It help me to produce instant pictures to my customers. This have actually increase my profit over 100%. I am really glad with this performance in my photography as compared to when was operating without the instant photo printer.
However, there is competition day in and day out and must actually meet the demand of customers to remain business. This calls for the need to have an A3 instant printer (enpson). Because most customers recently are demanding for this A3 size photos which we design beautifully to attract their attention.
Having this A3 printer in addition will go a long to help me remain in the competitive market. Customer visit my shop daily requesting for such pictures. And will be happy to meet their demand as soon as possible. It will also increase my profit margin of 50%-70%.
The cost of this printer is about $625(Epson printer)

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$461.05

Date disbursed

Aug 30, 2016

Repayment status

Late

Projected term

5 months

Cost to entrepreneur

Service fee: $11.39

Lenders

johnfay

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Brian

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C

Christian

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Elinor

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BrassHat

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eagle3

Grand Ledge, United States

AltruisticSelfishnes

Chicago, United States

ErikN

Stockholm, Sweden

K

k9rich

Bay Shore, United States

T

tloureiro

Pfungstadt, Germany

R

Roman

Barcelona, Spain

Pere

Barcelona, Spain

johnandmoliehi

Canton, New York, United States

Zidisha

Sterling, United States

AnnaChristina

Pittsburgh, United States

Apmay

Melbourne, Australia

A

AlexCheng

Seattle, United States

B

briansedz

Canton, Ohio, United States

A

anonymous123

United States

G

grahamfamily

Guildford, United Kingdom

J

JoycaLeplae

Gent, Belgium

Z

Zippo

Berlin, Germany

Los Wade

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E

ebronken

Oslo, Norway

Ellwood

Wimborne, United Kingdom

D

danderson1953

Plainsboro, United States

AdvancingCompassion

San Diego, United States

E

erogers

Vancouver, Canada

nakamura

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B

bek88

Fairview, United States

hugomesser

Blokker, Netherlands

rhagen

New York, United States

JTShorty

Gorham, Maine, United States

M

Marod

Edmonton, Canada

Travis

Canada

A

AskTheFather

Honey Grove, United States

A

AndrewC

London, United Kingdom

H

HobbyCollector

Beach City, United States

S

Sreval

Manly, Australia

Sappetta

Bolzano, Italy

T

tlsbreck

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W

wilma95

napa, United States

A

alexanderdowns

mayfield heights, United States

T

ThereIsNoGod

Singapore, Singapore

D

doublehelix

Philadelphia, United States

P

Pillango

Frankfurt, Germany

Svetlana3k

Harvard, United States

R

rosebo

Bend, United States

Parkmobile

Fort Bragg, United States

PlanetEarth

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C

Clben7

Cincinnati, United States

G

GreenMoney

Lahr, Germany

A

akshu71

Ottawa, Canada

R

RohitSingh

Montreal, Canada

D

dj9812

United States

Garry Tan

San Francisco, California, United States

C

cktsai

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M

martyb

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SBlue1

Germany

Dutchguy

Nijmegen, Netherlands

Matching Fund

Sterling, United States

P

payette

Ottawa, Canada

P

Peaches

United States

C

chrishol

United States

P

PietjeP

Eindhoven, Netherlands

O

osubucks45

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Aaron85

Knoxville, United States

T

theironbank

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jonnyhj

Stockholm, Sweden

M

meiyiz

United States

S

Samhall8

Brandon, Canada

N

Nijntje

Netherlands

G

gerard

Netherlands

K

karthich

Austin, United States

M

merk85

United States

poorinvest

Sandefjord, Norway

D

dfreire

Portugal

K

Kber9156

North Parramatta, Australia

Insomnus

Cheltenham, United Kingdom

S

sarah4d2

Saint Louis, United States

mepster

San Francisco, Ca, United States

VK

Vasily Kudrin

Moscow, Russia

L

luckiestmonkey

United States

J

JonAlec

United States

T

tehmle

United States

Grant Xavier Storer

Seattle, Wa, United States

T

Tim47

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Otto Barten

Amsterdam, Netherlands

N

Nicolaas

Doha, Qatar

adrianz

United States

ND

Nick DG

Exeter, United Kingdom

L

LondonTown

United Kingdom

Y

Yanque

Madrid, Spain

S

StefanB

Stockholm, Sweden

K

Kebrenagast

New York, United States

E

egines

United States

M

Madtowner

United States

B

bwmoore

United States

Matthias Schulz

Berlin, Germany, Germany

P

PeterSpencer

United Kingdom

reluck

Marseille, France, France

Kyle Hoback

Omaha, United States

A

andreab

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HL

Holly Laird

Austin, United States

Martin Ward

Leicester, United Kingdom

KM

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Frank Termathe

Frankfurt Main, Germany

F

Falk

Germany

S

Sebastian

Dortmund, Germany

M

Marcus86257

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Gab

Singapore

RM

Robbie McCullagh

Waverton, Australia

TM

Theo Mbise

Switzerland

R

Robert

Berlin, Germany

HS

Hayley Summers

United Kingdom

MD

Mikey DiLalo

United States

KH

Kaylee Howell

United States

W

Wade

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Thomas

Basel, Switzerland

H

Hazel

United Kingdom

Elly

Woudrichem, United Kingdom

Jason Ogg

New Zealand

Jake Badger

Roskilde, Denmark

PC

Patrick Clavette

Hartford, Wisconsin, United States

jtreyes

United States

H

Hakon

Drammen, Norway

MB

michael breen

United Kingdom

JM

John Meserve

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Deb Fox

Melbourne, Australia

Kate Courteau

United States

E

erica

antwerpen, Belgium

Jani

Finland

Kevin

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DB

Divya Bhat

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EB

Erica Brescia

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Sandi Kaucic

Stow, Ohio, United States

JR

John Ryabik

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RW

Roger Wang

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Mouhamed

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MG

Meron Gribetz

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MH

Matt Harris

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NH

N Holt

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JD

Jeff DePree

United States

S

Selloman

Geesthacht, Germany

George

Corvallis, Oregon, United States

M

mohamed

South Africa

ME

Manaal Eisa

Washington DC, United States

CNV

United States

RM

Robert Mulley

United States

TH

tom hd

United Kingdom

Framework Eyewear

Utrecht, Netherlands

Pedro R-C

Cambridge, United States

M

Mart

United Kingdom

D

Daniel

United States

PG

Paul Graham

United States

JW

John Walsh

Alicante, Spain

AH

ajay hampapur

United States

E

eriklonnroth

United Kingdom

Aran Dunlop

United States

I

Irene

Switzerland

DL

Dan Lawrence

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Douglas St Quintin

Sydney, Australia

Paul Smithson

Leeds, United Kingdom

Rosario von Li

San Jose, Ca, United States

A

Adam

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Eugen Stamm

Zurich, Switzerland

T

Tucker

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Carlo Cruz

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RC

Rudi Chen

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Craig Newmark

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The Zinc Team

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Andrea

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ES

Evan Simons

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A

Anonymous

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D

Dalton

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A

Anonymous

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Christian

Vienna, Austria

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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