Loan to buy printing material

Entrepreneur

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 am a printer and I do all kinds of publications such as promotional posters, banners, receipt books etc. When a client comes to me, I take his order, do the design and take the work to a printing press for mass production.

My clients are small and medium businesses as well as academic institutions and churches. My business requires large amounts of different types of paper depending on the work being done. The main purpose of asking for this loan is to enable me buy the material in bulk which will make me save a substantial amount of money since buying in small quantities is expensive and time wasting.

If given this money, I will spend it as follows

1. $50 to buy manila paper (120g/m2)
2. $50 to buy 2 reams of bond paper (80g/m2) and
3. $40 to buy 1 ream of embossed paper (200g/m2)

This will give my business the much needed impetus and pave way for its growth and expansion. My business is quite profitable and I will be able to repay the loan promptly.

Thank you.

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