Stephen
Nakuru, Kenya
100% repaid
Name
Stephen
Member since
July 2013
On-time repayments
91 installments • 65%
My name is Stephen Muthui, fifth born in a family of six. 3 years ago, i was a student taking Bachelors of Science in computing and information system (BCIS) at multimedia university but dropped due to financial constrains. Currently i run a small printing, selling of printing accessories and photography business in Nakuru town-Kenya. I started the business as its in my area of training in information and communication Technology (ICT) and by observing the demand of printing business and more and more people join institutions of higher learning in my area. My decision was also informed by the expansion of the town. More businesses are being setup and most of them need clerical works thus an opportunity to sell my goods.
My business name is Dweb Technology, situated in Nakuru town- Kenya. its a small printing, Computer repair and installation, selling of printing accessories and photography business. the printing ranges from small personal printing to mass printing which i out source as per the clients order. The only limiting factor is capital for most of the printing work require a large capital in which most banks are unwilling to lend or their interest rates are more than the business can pay. to supplement the printing, i sell printing materials and part time photography.
The second loan I am requesting will be used to add stock to my printing business in this high demand season . 50 % of the amount will go buying of various printing papers for different printout i.e photo papers for photos, newsprint for various receipt book printout and normal printing papers for doing photocopies. For the remaining half, 30 % will go to printing inks, 5 % to packaging materials and 15 % will be used for other miscellaneous activities to caution by business from running out floating cash and any other risk
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$303.00
Date disbursed
Jan 28, 2014
Repayment status
On Time
Projected term
14 months
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