Entrepreneur
Name
Toka
Member since
May 2014
On-time repayments
19 installments • 47%
About Me
My name is Paul Toka Akhabele. I am in branding business incorporating signage and screen printing. My business is in Teak House, Kirinyaga Road, Nairobi Kenya. I have been in the business for the last four years.
I have ambitions to scale up the business to middle level.
I was born from peasant parents. My father having been a small trader in Luanda market while my mother having worked as house help. It is from their humble struggles that they afforded to educated me upto form 4. Sometimes during my secondary schooling, I had to take small jobs at a local bakery to supplement school fees and buying books. In the end, I sat for O'level in 1987 and attained second division. That is the far my parents could take me.
Without college training I embarked on doing manual jobs in Nairobi while I study in the evening. Through this kind of arrangement, I did computer science diploma, photography diploma and creative writing. I later got a job in a bank where I joined as a computer operator and later rose to assistant manager before I was retrenched.
I thereafter embarked to doing my own jobs in Nairobi. I have been through freelancing in sales, journalism, and now branding.
My Business
I was born from a modest family but schooled with hardship.
Being the eldest In the family of 6 I was forced to take care of my siblings after death of my father.
I have worked in various industries ending with work in a local bank where I rose to assistant manager.
When I was retrenched in 2005 I took that time to try and venture into business. I have done so many other businesses which ended up failing.
My income source is basically from proceeds of the business. The capital was obtained from savings from my former employment.
I was granted an initial KES. 1,525 which I have repaid. This amount enabled my buy screen printing paint for our branding business.
I am now applying for KES 4013 which I want to apply toward working capital to enable me increase raw materials.
Repayment will be from the proceeds of business.
Loan Proposal
Paints/inks are major consumables that need a working capital accommodation.
I will apply the amount to inks at $1 per kilogram. I need 5 kgs of ink. I will also invest the remaining amount in reducers and a number of screens. silk screen will cost $2 and reducer will need 5 litres.
I want to escalate my marketing to get more jobs. Eventually I want to aso increase capacity in signage and neon signs.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$40.00
Date disbursed
Nov 16, 2017
Repayment status
Late
Projected term
2 months
Other loans
Lenders
United States
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