Buying a photocopy machine for computer repair business

Pius Ojiem

Nairobi, Kenya

15% repaid

Entrepreneur

Name

Pius Ojiem

Member since

April 2014

On-time repayments

165 installments  •  20%

About Me

I was born in Karachuonyo in Homabay County and am part of a family of eight members of which I am the eldest son. I went to Gendia Primary then I finally completed my four at Otok Secondary School. Later I eventually joined Nairobi Aviation for a Diploma Course in Information communication technology. I also have an acceptable level in the field of computing. I have years of experience in the field of technology. I opened a cyber café in the last one year and needed to expand it a bit.My hobbies are playing football,socializing,making friends,repair and maintenance of computer,selling computer accessories

My Business

Computer repair and maintenance in Nairobi and its environs is a growing business since a lot of people are not computer literate and more people nowadays are using laptops and phones to access information and do jobs both online and offline, at the moment I do computer repair, there’s growing demand for spare parts and computer accessories, used computers, cheap laptops and do require repair services.
Even though the service market is growing, I can see a huge increase in the sales part of it and that's where I mostly would intend to be because its a bit less risky in terms of finances, rather than think of service based revenue business, I’m thinking of it in terms of doubling my capital as many times as possible through pushing sales online and offline countrywide.
At the moment I need to buy a a photocopier that will cost me $940. This machine will enable my business to raise enough money through photocopy to generate additional income that I will use to expand my business and service the loan.

Loan Proposal

When this loan is given to me I will buy a photocopy machine worth $940.This will enable me to do bulk photocopy that am currently not able to do because my printer is slow.Am expecting to get additional profit of $117 per month with the new machine.This profit will be used to pay back the loan and expand my business.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$369.66

Date disbursed

Dec 18, 2014

Repayment status

Late

Projected term

33 months

Cost to entrepreneur

Lender interest: $369.66 at 12.43% annual rate over 33 months = $125.86

Service fee: $37.42

Lenders

investor

Candiac, Canada

korben

VILLENAVE D'ORNON, France

J

jjonas

berlin, Germany

M

marcelitohb

Bremen, Germany

T

tkromm

Agia Paraskevi, Greece

Bobrm2k3

Charleston, United States

C

Clben7

Cincinnati, United States

M

Malibu

Westwood, United States

G

geoff

United States

Mikers

Netherlands

Voscke

Utrecht, Netherlands

KM

Kirsty M

United Kingdom

GS

Guillaume Schaack

Luxembourg, Luxembourg

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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