Name
Collins
Member since
March 2017
On-time repayments
9 installments • 22%
My name is Collins, a graduate of one of Ghana's public universities. I was brought up in a family where business and financial issues were often the subjects of discussion and as a result of the professions of my parents (retailers) I decided to study business at school. I had a lot of difficulties seeing myself in school due to the demise of my dad as such had to help my mum in family business. By dint of hard work and determination I achieved excellence in SHS and particularly at the University where i achieved a first class degree in Marketing. Since graduating I have gained a considerable level of work experience and now started a printing and graphic designing Business. I believe in entrepreneurship and view it as the only way our economy can grow to create wealth and prosperity for young people like me. In the near future i intend to grow my business to a level where i can employ a lot of people and thereby making an impact in Ghana's economy.
While in the University I started Snilloc Consult where I help my colleague businesspeople in research, branding, and printing services. Since completion I have scaled up operations my acquiring an office where I offer a range of printing, secretarial, research and graphic designing services. My flagship service is printing of marketing and branding materials including banners and souvenirs. My cash cow has always been secretarial services including typing, copying, scanning and lamination of documents. The graphic designing unit is quite small as I am yet to acquire needed tools to achieve economies of scale. External funds would boost my working capital and also enable me acquire more computers, printers and graphic designing tools.
Acquisition of a computer@Ghs 650
Acquisition of a printer@ Ghs500
Working capital boost@500
With these I am going to increase revenue by 30% by the 3rd quarter of 2017 and increase profits by 20%.
Positive
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Neutral
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Negative
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Project Type
Classic Loan
Disbursed amount
$2.00
Date disbursed
Mar 27, 2017
Repayment status
On Time
Projected term
2 months
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