Acquire a large scale photocopying machine
Solomon
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Solomon
Member since
June 2015
On-time repayments
184 installments • 33%
About Me
I was born and brought up in Makueni,one of the dry places in Kenya, in 1991,went to day school primary, secondary school and currently at the university of Nairobi in my 4th year. since my childhood i had interest in business and after high school i started a unisex kinyozi in the nearest market centre. I later moved to university,opened up to new business ideas which i however could not venture into due to limited capital. In my third year i teamed up with one of my friend and started a cyber cafe which also is not up to the standards we had in mind due to inadequate capital.
My Business
I provide Internet services in my business. The business is near a school hence most of my customers are students who need Internet to do research and also for recreation. I chose to venture into this type of business since there was ready customers and i had interest in it . However, i plan to expand the business include printing and photocopying services as well . The net income for the business per month ranges between ksh 10000 to ksh 15000 and i use it sustain myself in school and some goes back to the business.
Loan Proposal
I hereby apply for a loan to further enhance my cabercafe and photocopying services. with the loan, i will buy a three in one machine I.e printing, photocopying and scanning able to do large scale and high speed service. The machine costs 36$. This will help cater for the large number of customers and further increase my profit margin. With the new machine, i anticipate for a ksh 30000 net profit per month, which i will use to repay the loan, expand my business and also sustain myself.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$96.00
Date disbursed
Dec 17, 2015
Repayment status
On Time
Projected term
2 months
Other loans
Lenders
Fontvielle, Monaco, Yemen
Taiwan
Hong Kong
Ask Solomon a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.