Purchase of new printer for my business

Entrepreneur

About Me

To say little about me is that am Jared Mogendi am sixth born of 8 siblings Lost my dad on 2012 . . We were born many siblings thus we grew with a lot of challenges in education , food and other basic necessities is concerned in our lives as my parents were not employed and depended on subsistence farming to get food and sale some to get money for clothes, food and education. It has been a long way for me but i have struggled until where i am today. And Thank God for that. I am diploma holder in community development , certificate holder in computer science.I founded amazing smile children's centre a project which supports orphans and children from poor families. Coming from a family of eight with meager resources, food and other basic needs, i passed a lot through hardship and am seeing how many kids from poor families are wasted and orphans neglected in the community. I am also a manager of softnet technologies which runs two cyber in my town and this where i get money to sustain my family and also support the orphans i stated above. I love doing charity despite the fact i have little resources to support them but its the best thing one will ever do for the mankind.

My Business

My business is entirely on giving internet services to my clients and other computer related services e.g photo printing, printing, scanning, online services etc. when I started the business a borrowed money and my personal savings. I get between 200 dollars to 300 dollars a month as a my profits and split them to pay rent to my business and house, pay electricity and water, pay school fees and educational materials for my daughter and a niece who support academical, food and shelter. feed my family and the remaining bring it to the business and lastly support the charity project of supporting orphans and vulnerable children in my community(Education, shelter, food and clothing).. I depend very much the loan you give me as it will boost my business and help many who depend non the business.I am still missing a photocopier ...its very expensive to me to buy but if I manage to get one my business will be in good position to increase profits significantly.

Loan Proposal

I will use the loan to purchase a new printer for my business costing 170 dollars. 15 dollars to purchase printing papers each at 5 dollars. The 15 dollars will purchase epson inks each costing 1.5 dollars and will buy 6 of them and the remaining balance will buy photo printing papers each 1.4 dollars. The printer will support the old printer thus i will increase the sales from the 15-25 dollars a day to 20-30 dollars thus the profit will also increase significantly.

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