Buying computer unit

Wellingtone

Mumias, Kenya

100% repaid

Entrepreneur

Name

Wellingtone

Member since

December 2017

On-time repayments

64 installments  •  69%

About Me

I was born in the year 1964 in Kakamega county in the western part of Kenya.
I attended the following Schools t.
In the year 1976 to the year 1982 in Mirere Primary school. And in the year 19 83 to the year 1986 in St Stephen Namulungu Secondary School.
After I completed my high school education I did not continue with my University because my parents were poor and could not afford school fees , Therefore I opted to look for casual job which I did for ten years and saved some money to begin my own business which am doing to date.
I started my own business based on the money I saved when I was working in Mumias sugar factory as an operator for ten year and and because I had learned computer packages and of cause I had the experience and the interest.

What is unique in this land or place where am coming from is that men are to provide for the larger family even extended relatives after he has done high school even if he does not have a good paying job.
I am married with Five children and they want to become journalist, Teacher ,Business lady ,and two nurses .
My unique hobby at my free time is to ride my mountain Bike and my younger daughter.

My Business

I do photocopy and cyber cafe
These services are so good and important because where we live we have public University where by both students and teachers or lecturers demand the same.
I chose this kind of business because I had learned of it and because there is great demand for it in this same place.
My typical cost is 50,000KES.
I use the profit I get from this business as follows,
1.School fees for my children--------------------- 35,000KES.
2.Reinvestment in growing the business --------4,000KES.
3.Home improvements----------------------------8,000KES.
4.Church activities--------------------------------2,000KES.

Loan Proposal

When am given this loan amount then I will be able to buy two computer unit at the cost of $30 US each which will total to $60 US .

This will make my work very easy and faster and I will have more computers in my cybercafe and of cause more customers will throng for more work to be done to them and this will give me more profit and I will also more one .worker to help do the work as an employee.

When this plan is implemented as it is then I expect this business to grow by 30% this and late this year it might be 50%.
Thanks in advance for considering to lend me again the second time

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$67.00

Date disbursed

Mar 17, 2018

Repayment status

On Time

Projected term

8 months

Lenders

F

flaguy999

Tampa, United States

M

Margaret

United States

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