Eric
Naivasha, Nakuru County, Kenya
$0 to go
100% funded of $50 goal
0
days left
Name
Eric
Member since
May 2014
On-time repayments
12 installments • 0%
I am male age 21 years of age. i have three siblings one brother who is in KID college and the other two are in highschool.I fisnished highschool and passed well and was enrolled to Mt Kenya University where i went to study BBIT. After a few months i drop out of school due to financial constraits which my parents were sufferring from. I struggled to get a job so that i could support my brother who was about to drop out of school to drop out of school but my efforts to find a job were in vain so i decided to start my own business.I called my freind from school and he gave me 15,000 ksh which i used to pay lent in the building where i desired to start my business.I loved watching series movies and alot of my freinds did too and so that was the business idea that came to my mind. I borrowed my freinds computer and we agreed that i would be paying him 3,000 Ksh shillings per month untill i settled the full amount of buying the computer. I used the remaining cash to buy a few movies and empty dvds and started the business and after a while, i started getting clients who bought movies at my shop and the business started becoming a success. I could make upto 30,000 ksh in month and my brother was able to continue with his studies upto now.I hope Zidisha will lend me some cash so that i can expand my business into greater heights.
My source of income is personal business. A movie cyber to which i own and run. I sell the latest series and movies and offer graphic and logo designing services. My clients prefer my business for i offer them the latest movies and high quality services. My business faces risks such as theft,unhealthy competition etc. Per month i earn about 40,000 Ksh and the typical monthly costs are about 16,000 Ksh. I will repay the loan using the profits that i earn from business
When i get the cash, i will buy a new printer and another PC. A new PC will help me burn movies faster unlike when am using one computer. This may even make me create employed for i will have to hire a person who will be assisting me.
The printer will help me print and photocopy for prospective clients hence increase my revenue.
Lenders should support me in this for it will help me create employment, pay for my fees and make my business bigger.
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Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
Aug 19, 2014
Repayment status
Late
Projected term
2 months
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