Purchase of New Photocopier for Home Business
Emmanuel
Kibabii, Kenya
10% repaid
Entrepreneur
Name
Emmanuel
Member since
February 2016
On-time repayments
224 installments • 16%
About Me
I thank zidisha for accepting me to join the Zidisha family. My names is Emmanuel and I am the third born son of Mr. Evans Wanyala and Mr.Dorcus Agunda. I went to nyatego primary school and then went to Kimilii boys secondary school ,and I am currently studying Business administration at western based Masinde muliro university.
I started my business to help me cater for my college expenses since my parents could not afford. I always wanted to photocopying and printing because it the customers were so many but I did not have capital. I finally got a loan from Higher Education Loans Board (HELB) that I used to buy a photocopier and printer. I have now opened the shop and growing the business.
I play soccer during my free time and also watch soccer during my free time.
My Business
I provide ,type setting , printing and photocopying services in my rented room outside the college.
The demand for my services is high because I always market my business to comrades and socialize with them,give them fair prices and give credit to frequent customers.
I choose these business because it was easy to manage while studying. my monthly typical costs are $200 per month and my monthly revenues are $400 per month.
I use my profits to pay for my university fees,take care of basics needs and save for reinvestment.
Loan Proposal
Good evening to you lenders
I hope you and your families are well and doing fine. I am requesting you to help me finance my loan so that I can acquire a new photocopier.The current on is prune to breaking down and hence inconveniencing me and the customers .Repairs cost me a lot and hence the need for a new and better copier at cost of $350.thank you dear lenders and good evening.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$201.00
Date disbursed
Jul 18, 2016
Repayment status
Late
Projected term
48 months
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