Buy a new computer terminal for cybercafé business
George
Mombasa, Kenya
80% repaid
Entrepreneur
Name
George
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.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$873.00
Date disbursed
Nov 1, 2017
Repayment status
Late
Projected term
43 months
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