Cybercafé working capital

Shadrack

Mombasa, Kenya

100% repaid

Entrepreneur

Name

Shadrack

Member since

July 2017

On-time repayments

124 installments  •  73%

About Me

My name is Odiko Shadrack a graduate and business person who has venture in mobile phones business and cereals business

My Business

Deals with phone accessories and cereals business.
The business was started in 2018 and have grown due my consistency in it.

Loan Proposal

This loan will purchase cartilage for my printers, since corona started most students are not in school but am able to print for them their exams and cats through this I believe it will add me more revenue & profit whereby I will be able to pay the loan from the profit

Income Source

In my cyber have incorporated mpesa agent which deals with money & since their is corona pandemic most people use mpesa alot and having enough float will help me to earn commission which will eventually make able to pay borrowed money. Also this is the pick whereby people are really struggling to file the tax since 30.06.2020 is the deadline and buying having good Internet will also help me in assisting as many customers as possible

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$282.00

Date disbursed

Jun 11, 2020

Repayment status

Late

Projected term

14 months

Lenders

PaulE

Cockeysville, MD, United States

AF

a f

washington, United States

JimVandegriff

Trinidad, California, United States

Bobrm2k3

Charleston, United States

Urszula

United Kingdom

Ren

Minneapolis/StPaul, United States

Vratik Krocik

Prague, Czech Republic

petter

Finland

Ryan Agnew

Australia

Rosella

Australia

Sayuri

United Kingdom

M

Michael

Netherlands

DK

Daniel Kalla

Saint Paul, United States

E

Ed

Colombia

A

Anonymous

United States

Ask Shadrack a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Shadrack    Nov 25, 2023

    Due unavoidable circumstances I request for change of instalment for the next

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  • Shadrack    Nov 3, 2023

    Thank you for the support and wish to utilise the funds for the project and increase the income.
    The project which I run for dealing with cereals and cyber and also planning to expand and for farming especially, poultry farming and dairy farming.

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  • Josphat    Nov 3, 2023

    All the best

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  • Shadrack    Oct 27, 2023

    The funds has always been of helpful to my business.

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  • Shadrack    Nov 2, 2021

    Trying to pay

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  • Justus    Sep 12, 2021

    He is working hard to bring repayments to normality

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  • Justus    Jul 25, 2021

    Shadrack has promised to make upto loan repayments

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  • Shadrack    Feb 23, 2021

    Business went down but things have started working slowly by slowly hoping to clear this loan and take another one

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  • Shadrack    Nov 16, 2020

    Things have been very tough but with the reschedule repayment period it's great & believe will clear & borrow to back up my business

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  • Shadrack    Oct 18, 2020

    Low profit

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  • Shadrack    Sep 5, 2020

    Business not doing well

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  • Shadrack    Aug 24, 2020

    Am so much happy with this service and I believe one day I will reach the maximum amount. Thank you for continue helping us achieve our goals in business

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  • Shadrack    Aug 6, 2020

    pandemic has hit my business

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  • Shadrack    Jun 15, 2020

    I received the loan am so much great full.
    Bought some printing papers and added float to my mpesa business.
    Thnk you so much hoping that one day will reach the maxi3of 1m

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  • Shadrack    Jun 11, 2020

    I will buy printing papers for my cyber business, this will help me gain more revenue am very thankful for the loan

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  • Ed    Jun 10, 2020

    Hi Shadrock, hope this helps!

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  • Shadrack    Jun 3, 2020

    First of all I need to give thanks for the support you have always granted me in terms of loan.
    Now this loan if get will add a bit of stationery at my cyber and have float for mpesa business which have just started operating from the beginning of this month

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  • Shadrack    May 28, 2020

    Am very much grateful though there is this pandemic but am trying to repay my loan and when I clear this planning to take a bigger loan add more stock

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  • Shadrack    May 16, 2020

    Due to covid 19

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