For purchasing of hp printer and pvc card cutter

Entrepreneur

About Me

I had a happy childhood with both parents. Went to boarding school for primary and secondary education. I studied Bachelor of Business Administration in college but my interest is in arts and creative work so i decided to learn graphics out of passion that is why i started this business. I used to write calligraphy in my free time and sent to my send to my friends in school. My mom still keeps some of it at home. I still do the same now but at least now it is professional. I love to make gift items for my clients, it makes me happy to put a smile on someone's face. Nairobi is a great place with people from different cultures they love unique artistic or customized work and that is where i come in and make them their customized mugs, cards, water bottle , wristbands and many more. It is my way of life now. I am a hard-worker and determined to succeed in life.

My Business

I do graphic design, branding and general printing. I chose this business because it is on high demand printing is used in any kind of institution, it is also in demand because in this city people love unique and branded pieces of work that may contain their own picture or name. Things in my business move fast selling like hot cake and it is really profitable for me. Doing a logo can fetch up-to 2,000. When i brand one magic mug i spend 400 but i can sell it at 700-1000. I use my profits for inventories & my upkeep. My parents retired and I am always happy to help them with their finances and this business helps do that for them.

Loan Proposal

I would like to add two items in my business. I need to buy a HP printer model number 1550 which costs $49. This will help me in making photocopies and scanning also do colored prints. I always get photocopy and scanning clients but i have no machine to do that. It will be good for me too because sometimes when doing mug branding the clients bring hard copy photos i spend some cash to have them scanned.
I would also like to buy the PVC card cutting machine it costs $65, it's almost January and i'll be having lots of work for printing ID cards, this will help me in reducing the cost of paying for them to be cut by someone else and i can do it myself. It is also ideal for cutting rounded conner business cards.
I expect a 20 percent increase in my profits and this will go a long way in improving my business and it will also increase my client base.
I will be able to give more services to other printers in my field where i can earn from those who have ID cards but no machine to cut, so i can charge them for it too.
I know my budget is more than the loan i have requested but i have some savings that will be added to get these items. I will also buy a small paper cutting machine as soon as my loan is funded.

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