Sylvester
Tassia Embakasi, Kenya
100% repaid
Name
Sylvester
Member since
February 2015
On-time repayments
148 installments • 32%
i was born in nairobi,went to st dominic primary school then to kangundo high school and then latter to kenya methodist university.searched for a job for 3 years without any success. after that started a clothing shop didnt work, after that started selling shoes but not profitable.After trying different business without success i was introduced to entertainment business(movie shop) by my friend which picked positively and showed potential of becoming a big business in future.Capital has become a major challenge because nobody i know has the capacity to fund me.Iam positive minded ,hardworking.
my business is in the entertainment industry which is a wide and most fast growing industry in Kenya.I run a movie shop.I also do photocopying,printing and scanning. This business targets both young and old.My typical costs are licenses,electricity bills, rent ,maintenance of equipment and stock.To pay for my school fees and child, rent ,family expenses .
Already having a duplicator machine, i would like to add more drives so as to increase efficiency and reduce the time spent when attending to a customer thereby making customer save his/her precious time, hence increasing customer satisfaction.
To keep the audio visual content(movies) scratch free and increase capacity of my machine I would like to buy an external hard disk. I would also have a place to store my backups so as to prevent loss of data.
loan applied $100 minus registration of $33
balance $67
Description of items to buy
2pcs DVD writers @ $22 totaling to $44
The remaining $23 will be used to purchase external hard disk @ $61 upon addition of my savings of $38.
Benefits
1. This will increase my profit by a projected 20%, thereby i will be able to expand my business and be able meet my basic needs without much hustle and offer employment to another jobless youth.
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Mar 23, 2015
Repayment status
On Time
Projected term
6 weeks
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