Buy a new computer terminal for cybercafé business

George Mwaura

Mombasa, Kenya

80% repaid

Entrepreneur

Name

George Mwaura

Member since

March 2016

On-time repayments

256 installments  •  78%

About Me

My name is George and I do cyber-cafe business in the city of Mombasa. I came to Mombasa 10 years ago after completing my secondary school education. I was born in a place called Muranga - in central Kenya. in a family of 5 where I am the first born.

My parents are small farmers and they only produce food crops for the family consumption. Life was tough at home since my parents could hardly make the ends meet and that I why I decided to move to Mombasa to live with a relative as I looked for job for my own survival.

While in Mombasa, I did a short course in IT and later got a job as a computer operator in a small bureau in Mombasa. The owner of the business decided to sell it to me since he wanted to move to another city. With help of family and friends, I managed to buy the business in 10 monthly installments.

I am married with two young kids.

My Business

My business is based on IT technology. I provide internet services and typing services to people in my area especially those who do not own computers or smart phones. I normally serve between 20 and 30 clients per day where each clients pays a small amount depending on the service given.

My overheads include rent, electricity, paper and other miscellaneous expenses. I get a gross income of about USD 450 and about USD200. I use the profit to support my young family while a the same time putting some money back to the business for growth.

Loan Proposal

I will use the money to buy a new computer terminal which I will use as a server in my cyber cafe. The one I am using is not powerful enough to run the latest software and this is a major drawback in my work.

A new branded terminal will cost me USD 650. I will use the balance to purchase software to be used in the computer. This acquisition will improve the way I do my work in a very big way.

Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$867.65

Date disbursed

Nov 1, 2017

Repayment status

Late

Projected term

43 months

Cost to entrepreneur

Service fee: $36.59

Lenders

S

SueB1

Los Alamos, United States

AndreaBravi

London, UK, Canada

Pere

Barcelona, Spain

sderickson

Berkeley, CA, United States

Loungin

United States

TheGoodData

London, United Kingdom

S

Stephan

Netherlands

Mark

Nijmegen, Netherlands

JT

John Tabacchi

United States

MR

Michiel Rauws

San Francisco, Netherlands

PG

Paul Graham

United States

Stephan W

Witten, Germany

Humble Bundle Community

San Francisco, United States

R

RMIM

United States

Paul Buchheit

Mountain View, United States

E

Eric

Canada

TH

Tyler Harris

United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

sbdoc

Reno, United States

J

JB

Germany

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