Name
Cornelius
Member since
March 2018
On-time repayments
4 installments • 50%
I'm Cornelius O'brien aged 40 from Nakuru, Kenya. I'm married and blessed with four children, two daughters and two sons. I have a diploma in IT and certified fiber optic technician.
I run a carwash business as my main business within the city. I occasionally offer fiber optic installation within my community. Most people here have limited access to internet resources, which is slowly picking up.
Likewise, branding and digital marketing is becoming a great way to reach more customers. Thus, we've teamed up with other professionals to create a tech company to bring food security and climate change solutions in our community.
The demand for shopping bags is too large and we are seeing a potential to tap into the growing demand for banded bags for supermarket and malls. We are in the process of acquiring a cheap printing machine for our shop to brand the bags and be able to generate more revenues.
The Loan will be used to purchase a heat press printing machine to help us Brand our shopping bags as well as increase our inventory.
Printing Press Equipment Ksh. 20,000 ($200)
Shopping Bags Materials Kshs. 35000 ($350)
Staff to Produce the Bags Kshs. 25000 ($250)
Printer and Sublimation Ink Kshs, 20000 ($200)
The branding unit will generate enough amount from our existing clients who have requested a branding of their products.
The department will also be able to offer training to youths at a subsidized fee, after which the youths will have gained skills in branding and making of shopping bags to help them start and run a successful production for other shopping bags and other products like Branded Mugs, T-Shirts, Caps, Plates etc.
The total amount requested for the unit to be setup is Shs.100000 ($1000).
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$1.00
Date disbursed
Apr 7, 2018
Repayment status
On Time
Projected term
1 week
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