New computers & copiers to rebrand my cybercafe
Robert
Nakuru, Kenya
100% repaid
Entrepreneur
Name
Robert
Member since
March 2017
On-time repayments
90 installments • 34%
About Me
am a business man with 15 years experience
I started from a humble beginning i was selling eggs in the streets of Kisumu City . I left egg selling and followed my passion in music and become a super DJ .I played music for about ten years. i also left the entertainment industry and joined cyber cafe business which currently am running. Each business operate independently I have employed seven employee s each business 2 employees If I get a loan from you I will expand my business to an empire
My Business
Cyber Dee is a growing Cyber business in Nakuru City that deals with Information Technology, Printing and Internet Services. Cyber Dee is also an education center where we offer Short Courses on Computer technology and skills.
We currently earn an annual revenue of Ksh.1,250,000. Moreover, we are seeking an investment of Ksh. 950,000/= to Expand our Business and open new branches near major residential areas, in return for 10% of the new branch future annual earnings.
Problem
The housing market in Nakuru City has improved and increased rapidly over the years. Many people are moving to and living in this prospering city. However, not all residential areas have accessible Internet, Knowledge to use the internet or afford to purchase hardware to use in their daily internet service in which these new residents may utilize our already available Manpower and quality service. Our company would like to take advantage of the low competition and strong demand in these areas.
Solution
We aim to open this branch near the residential areas in the city. We will cater to both local and foreign individuals, groups, and families living or staying in such areas.
Target Market
Our Cyber Business targets the local and tourist populations of and near the city's new residential areas.
Scope of Work
The business loan will be used for our promotional efforts, equipment and furniture, and employee wages. This will allow us to reinforce our brand, upgrade our equipment, and compensate our employees for their services rendered. All these are essential to allow our team to continue serving our clientele.
Funding Required
DESCRIPTION PURPOSE AMOUNT
Renovations Three 1,500 sq. ft. commercial
lots 900,000.00
Materials Construction materials 1,100,000.00
Construction Design, labor, equipment,
technology, and tools 1,800,000.00
Marketing Attract target customers 700,000.00
Total Funding Required 4,500,000.00
Loan Proposal
I WILL BUY NEW COMPUTERS AND COPIER MACHINES AND ADD STOCK. RE BRAND MY CYBER MAKE IT VERY UP TO DATE SO AS TO ADD MORE CUSTOMERS . I WILL ALSO ADD MORE STOCK OF PAPERS SINCE THE SCHOOL ARE OPENING NEXT WEEK
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$270.00
Date disbursed
Sep 10, 2017
Repayment status
On Time
Projected term
14 months
Other loans
Lenders
Glasgow, United Kingdom
Nieuwegein, Netherlands
Washington, DC, United States
United States
Germany
Cayman Islands
Canada
United States
United States
United Kingdom
Summary
Amount repaid
$266.66
Amount remaining
$0.00
Date repaid
Sep 20, 2018
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 19, 2017 | $0.99 | Oct 26, 2017 | $0.99 |
| Sep 26, 2017 | $0.00 | ||
| Oct 3, 2017 | $0.00 | ||
| Oct 10, 2017 | $0.00 | ||
| Oct 17, 2017 | $0.00 | ||
| Oct 24, 2017 | $0.00 | ||
| Oct 31, 2017 | $0.00 | ||
| Nov 7, 2017 | $4.95 | Sep 20, 2018 | $4.95 |
| Nov 14, 2017 | $4.95 | Sep 20, 2018 | $4.95 |
| Nov 21, 2017 | $4.95 | Sep 20, 2018 | $4.95 |
| Nov 28, 2017 | $4.95 | Sep 20, 2018 | $4.95 |
| Dec 5, 2017 | $4.95 | Sep 20, 2018 | $4.95 |
| Dec 12, 2017 | $4.95 | Sep 20, 2018 | $4.95 |
| Dec 19, 2017 | $4.95 | Sep 20, 2018 | $4.95 |
| Dec 26, 2017 | $4.95 | Sep 20, 2018 | $4.95 |
| Jan 2, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jan 9, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jan 16, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jan 23, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jan 30, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Feb 6, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Feb 13, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Feb 20, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Feb 27, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Mar 6, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Mar 13, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Mar 20, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Mar 27, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Apr 3, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Apr 10, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Apr 17, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Apr 24, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| May 1, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| May 8, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| May 15, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| May 22, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| May 29, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jun 5, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jun 12, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jun 19, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jun 26, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jul 3, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jul 10, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jul 17, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jul 24, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Jul 31, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Aug 7, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Aug 14, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Aug 21, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Aug 28, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Sep 4, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Sep 11, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Sep 18, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Sep 25, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Oct 2, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Oct 9, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Oct 16, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Oct 23, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Oct 30, 2018 | $4.95 | Sep 20, 2018 | $4.95 |
| Nov 6, 2018 | $4.95 | Sep 20, 2018 | $4.53 |
| Sep 20, 2018 | $0.42 | ||
| Nov 13, 2018 | $3.52 | Sep 20, 2018 | $3.52 |
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