Capital to purchase dvd writters and external hard disk

Sylvester

Tassia Embakasi, Kenya

100% repaid

Entrepreneur

Name

Sylvester

Member since

February 2015

On-time repayments

148 installments  •  32%

About Me

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

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 .

Loan Proposal

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.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$100.00

Date disbursed

Mar 23, 2015

Repayment status

On Time

Projected term

6 weeks

Lenders

Paul Buchheit

Mountain View, United States

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