Full-color digital printing

Stephen Anyumba

Kisumu, Kenya

40% repaid

Entrepreneur

Name

Stephen Anyumba

Member since

July 2016

On-time repayments

190 installments  •  52%

About Me

Am a hardworking, innovative young man. I schooled through hardship where my parents could not maintain paying school fees. My mother had to make chapatis to subsidize the meager salary from govt. At the age of 12, an uncle gave my mother his fridge for safe keeping. My mum took advantage and taught me how to make flavored ice sticks which i could take to the market on Sundays and sell. At the end of the sales, i could bring home some 50 kshs which afforded dinner. This inspired me and cultivated my career as a businessman. At secondary school I sold eggs to subsidize the kitchen budget and my pocket money, hence mum could concentrate her efforts on school fees. I managed to go through college where i did odd jobs at my free time to boost my fees. After college, there was no employment so i had to be innovative, thus the idea of a cyber cafe was born. I could earn money from getting casual jobs and use the money to purchase equipments one at a time. I bought, a Monitor, later on bought a CPU, then finally a printer, i got a loan from a relative and built a stall where i established the computer services bureau in the year 2008 January, worked hard and bought another computer in May 2008, and a photocopier in October 2008.

My Business

My business in a service business in the printing industry. I offer typing, printing, photocopy, internet and photography services. I draw clients from the environs of my premises and far away since i have learned the customers needs. I strive to satisfy my customers hence av managed to be consistent for the last 9 years. My clients are the churches and hotels nearby who do bulk printing and copies for seminars and monthly consumption, schools that do a lot of exam typing , printing and copying, individuals who work for organizations that have a lot of community field work and bring their reports for typing, printing and copies or posting on the internet in the evening when other cybers have closed since i work till late and their field work ends in the evening. There are also Universities and colleges around my business whose students require copies of handouts, project report typing, printing and binding. I also sell sodas and snacks, do passport photos, T-shirt printing, and Banners.
My business has managed to, settle medical bills during delivery of my children, and it has sustained my family while expanding. it started with one computer and one small 3 in 1 printer, which have generated more computers and a photocopier, stable internet connection with WIFI for customers. It established an eatery/cold drink cafe, with WIFI connection. I intend to buy a bigger digital color printer by the end of this year to print campaign materials for aspirants in the coming 2017 general elections.

Loan Proposal

I will spend this loan on purchasing a full color digital printer worth $1300. If I receive $900, I will top up with my savings of $400 to meet the cost of the machine. This machine will increase my income since customers have been asking for digital color prints of brochures, posters, flyers etc. I project an average gain of $10 daily since a single A3 printout costs $0.5 and A4 cost $0.3. This means that i will be generating $40 a day from the current $30. It will also need to hire another staff to help in the growing business thus contributing to job/wealth creation to the jobless graduates.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$946.53

Date disbursed

Aug 23, 2018

Repayment status

Late

Projected term

21 months

Cost to entrepreneur

Service fee: $39.88

Credit risk payment: $199.42

Lenders

cyrus0302

San Francisco, United States

Kjartan

Oslo, Norway

MindMuse

Talking Rock, United States

kuebel

Vienna, Austria

L

lujabe

Melbourne, Australia

ElWal

Kirn, Germany

Cloudways

Malta, Malta

ads68

Melbourne, Australia

A

Andy

Berlin, United States

JC

Jordi Cohen

New York, NY, United States

Bobrm2k3

Charleston, United States

nmatpt

Lisboa, Portugal

JTShorty

Gorham, Maine, United States

G

Goldrivermob

Gold River, Canada

Hedwich

Gorssel, Netherlands

JonB

London, United Kingdom

xtrahardware

Cazenovia, United States

C

Clben7

Cincinnati, United States

P

Purplejeep

Moravia, United States

D

drorm

United States

B

bugdaniel

Switzerland

V

vbud

United States

PolarBearCapital

United States

Mike and Jacqui

United Kingdom

S

Stephan

Netherlands

Frank Termathe

Frankfurt Main, Germany

MW

Matt Willis

United States

W

Wade

United States

LJ

United States

TH

tom hd

United Kingdom

D

Daniel

United States

G

Gianni

Venice, Italy

N

Nick

Greater London, United Kingdom

Rosario von Li

San Jose, Ca, United States

A

Andrei

United States

P

Peter

Bratislava, Slovakia

Thomas

Sweden, Sweden

CC

Chris Cutter

United States

RC

Rudi Chen

United States

Carla

United States

BW

Betty Waweru

United States

Bart Vogelzang

Ladysmith BC, Canada

J

Jon

United States

JV

Jose Vidal

New York, United States

HCPSPIRIT

Helsinki, Finland

Jean Wren Chan

United States

JF

J Fister

United States

Salvatore Martello

New York, New York, United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

JC

Jordanna Chord

Kirkland, WA, United States

F

Florian

Netherlands

Darren Jeppson

Denver, Colorado, United States

Mai Phuong Nguyen

Nashville, United States

S

SmartDoDo

Utrecht, Netherlands

PA

Peter A

New York City, United States

Genuine Interest

Singapore, Singapore

MM

Mac McKiva

United States

FD

Florin Draghici

United Kingdom

LT

Lisa Taylor

California, United States

Peter Collins

Darmstadt, Germany

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