Entrepreneur
Name
Paul
Member since
June 2014
On-time repayments
353 installments • 77%
About Me
My name is Paul Materi born in 1963 in Nairobi area. I am the first born in a family of 7 members. My parents are peasant farmers and live in the Rift Valley region. I am married with one child who is in secondary school I did my primary school course and later joined secondary school. I joined a teacher training college shortly after my secondary school where I graduated as a primary school teacher. I was posted Namanga Primary School where I worked for four years. I later quit the job and started my own business.
I am an active member of my church – Voice of Jesus where I serve as a church minister. This is voluntary work which I normally do on Friday morning and Sundays.
My Business
My business entails printing works where I print all kinds of publications. I do publications such as simple hand bills, stationery books, banners etc.
I also do branding in form of printing T-Shirts, mugs and signage. I serve small institutions such as churches and schools as well as large companies.
My turnover is about $1200 per month but most of this money goes into buying of raw materials and labour leaving me with a profit of about $300. Given access to credit I will be able to expand my business by stocking raw material for my printing work. I have employed two casuals who help me in doing this job. I hope to employ them permanently when the business expands.
Loan Proposal
I do printing work and this involves consumption of huge amounts of paper. I use the paper to print receipt books, promotional materials, certificates etc. It is much cheaper to buy the paper and other printing materials in bulk (economy of scale) and this increases profitability.
If loaned again I will use this money buy a stock of assorted printing paper which I will then use to do my printing work. This will lead to increased profitability since most of my expenses (>50%) go to buying the raw materials. I will be able to save about 25% of what I would have spent buying the materials in small quantities. This will also save me time that I use when I go to buy the paper when they run out.
Thank you for your valuable support.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$271.00
Date disbursed
Jun 5, 2015
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
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Summary
Amount repaid
$285.33
Amount remaining
$0.00
Date repaid
Sep 12, 2015
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jun 14, 2015 | $20.38 | Jun 15, 2015 | $20.38 |
| Jun 21, 2015 | $20.38 | Jun 22, 2015 | $20.38 |
| Jun 28, 2015 | $20.38 | Jul 2, 2015 | $20.38 |
| Jul 5, 2015 | $20.38 | Jul 13, 2015 | $20.38 |
| Jul 12, 2015 | $20.38 | Jul 17, 2015 | $20.38 |
| Jul 19, 2015 | $20.38 | Jul 24, 2015 | $20.38 |
| Jul 26, 2015 | $20.38 | Aug 1, 2015 | $20.38 |
| Aug 2, 2015 | $20.38 | Aug 10, 2015 | $20.38 |
| Aug 9, 2015 | $20.38 | Aug 17, 2015 | $20.38 |
| Aug 16, 2015 | $20.38 | Aug 19, 2015 | $20.38 |
| Aug 23, 2015 | $20.38 | Sep 1, 2015 | $20.38 |
| Aug 30, 2015 | $20.38 | Sep 5, 2015 | $20.38 |
| Sep 6, 2015 | $20.38 | Sep 12, 2015 | $20.38 |
| Sep 13, 2015 | $20.40 | Sep 12, 2015 | $20.40 |
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