Photo paper, frames and albums for my photography studio
Solomon
Changamwe, Kenya
100% repaid
Entrepreneur
Name
Solomon
Member since
July 2015
On-time repayments
250 installments • 55%
About Me
My name is Solomon Mureithi. I was born in Nyeri county which on the slopes of Mount Kenya. I was born and raised up in a farming community and I used to help my parents with their daily chores when not in school. The farmers in this area grow food crops as well coffee for cash.
I attended primary school and later joined secondary school where I took four years. I later joined a government program for youths called National Youth Service (NYS) at their training base in Gilgil. Young people are trained different types of technical skills with the purpose of serving the country in different areas. After a four months course, I was posted in northern Kenya where I served as a sentry in a government farm.
I was then posted to NYS Mombasa where I did a course in Electrical Installation which took me three year. After graduating, I worked for several companies as an electrician. Unfortunately, I was retrenched after working there for a few years.
With my savings, I decided to turn my hobby - photography into a career. I opened a small studio where I do still and video photography to this day.
I am married with two children.
My Business
My business deals in still and video photography. I normally cover events such as weddings, anniversaries, documentaries etc. I decided to start this business after realizing that this is something I like to do as a hobby. I also live in an urban area where there is a huge market for photography services. I also sell photography accessories such as frames and photo albums.
My income from this venture is about USD 600 per month where the overheads such as rent and maintenance total to about USD 300. I use the balance to support my young family and to support my aging mother back home.
Loan Proposal
My budget for this money is as follows:
1. Buy assorted picture frames at a total cost of USD 30
2. Buy assorted photo albums at a total cost of USD 20
3. Buy 1 box of photo paper at a total cost of USD 10.
This stock will go a long way in boosting my sales and this timing is crucial because we are now approaching the high season. This will definitely translate into more profit for my business. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 21, 2015
Repayment status
On Time
Projected term
2 months
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