To repair my photocopier machine

Bright

Berekum, Ghana

100% repaid

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How it Works

Entrepreneur

Name

Bright

Member since

October 2018

On-time repayments

36 installments • 42%

About Me

I'm Bright from Berekum but currently at Winneba in the central region of Ghana. I'm a student and also an entrepreneur. I have been a student entrepreneur for approximately three years. Business has been good. I have now intended to open a new shop and employ another workers to work over there. I am from a family of five. I have two siblings, who are all females and also my mother and father. I have lived in Winneba for about fifteen years. I had my basic education in Winneba and also my secondary education at Winneba senior high school. From there I went to University of Education and Winneba campus to be precise since I aspire to be a teacher. I take reading as my hobby and I don't like pets.

My Business

I own and manage a printing press. My shop is located close to the University of Education, Winneba campus. I've two employees working with me. This business has been in existence for more than three years. I took over from my brother who sold the shop to me before leaving the country. I am much into printing and photocopying. I serve the university students who are my sole customers by printing their projects and all kinds of assignment. It is a profitable business but since I lack certain working apparatus sometimes work becomes punishment for me and my employees. I am able to make GHS100 cedis a week of which about GHS35 is my profit. I really enjoy being an entrepreneur but not much concern about the profit I will accrue from my business. All I want is to keep my business run always.

Loan Proposal

I will like to use this loan to repair my spoilt photocopier machine. Though I have received some loans from this organisation but it wasn't enough to repair it. My sales has gone down when the machine stop functioning. I cannot serve all my customers in due time. Due to this I have lost some of my customers to my competitors. I cannot pay my workers their initial wages. I really need to fix the machine. I will also use some to buy inks and A4 sheets and many things needed for my printing works. I will also use part to pay my employees if I'm able to raise enough loan. But the my main agenda is to use this loan in repairing my spoilt photocopier machine. Thank you.