Add more computers to my cybercafe

Maxwell Kemboi

Kaloleni-nairobi, Kenya

8% repaid

Entrepreneur

Name

Maxwell Kemboi

Member since

May 2017

On-time repayments

177 installments  •  49%

About Me

Iam a young industrious and hardworking upcoming entrepreneur and professional, having come from a humble background. In my early years of education I used to struggle a lot as we could help our parents to till the little piece of land we had to makes our ends meet .Sometimes we could work in tea plantations so that we could have our daily meal and to add to this challenges our father used to drink so he could sell the little property we owned and the food we gathered to quench his alcohol thirst but I was able to sail through to high school with the support from my hardworking mother and bursaries from mp.Afterwards I passingy exams and was privileged to join University through Government sponsorship. After university I was not able to secure a job which forced me look for other alternatives that is when I started to venture into business.

My Business

When I was not able to secure a job opportunity after university I started a small scale business of selling honey and used to work as casual labor at local company.The main challenge i s that honey selling is seasonal and hence revenue comes seasonally. I have also ventured into small scale farming and it has started to pic though it needs more farm inputs in order to realize higher profits.Amidst this I starter a cyber café which has become a more income generating business though I now want to expand and start another one in the remote home place where people take 7km inorder to get a cyber hence capitalizing on the market

Loan Proposal

I want to purchase two desktop and add more furniture due to limited space currently . College students have resumed school and we have started to experience congestion and alot of work since the start of the week hence more space and desktops are required

Income Source

We are going to peak season of students printing and browsing due to exam times also I have honey selling business and to crown it all I am also working in Paint industry

Feedback

1

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$233.82

Date disbursed

Mar 5, 2021

Repayment status

Late

Projected term

3 months

Cost to entrepreneur

Service fee: $10.95

Credit risk payment: $37.25

Optional expediting fee: $21.92

Lenders

mtnsailor

Harrisonburg, United States

JFais

Atlanta, United States

B

bscent

Hong Kong

Mimobo

Schwäbisch Gmünd, Germany, Germany

S

Sven

Netherlands

MW

Matt Willis

United States

KL

Ket Lin

United States

Paul Buchheit

Mountain View, United States

Peter Collins

Darmstadt, Germany

SF

Snow Family

United States

W

Wim

Deventer, Netherlands

B

Berend

Netherlands

A

Anonymous

United States

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  • Maxwell Kemboi    May 21, 2021

    We had a financial constraint after some close relatives were affected by illness and had to be admitted to ICU for three weeks but have been discharged and we back much stronger than before

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  • Madesto Waswa    Apr 4, 2021

    Maxwell kemboi agreed to adjust his installment and repay by end month

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  • Maxwell Kemboi    Mar 19, 2021

    Small delay on the ordered machine but will be on track and repay the due amount in the coming week

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  • Maxwell Kemboi    Mar 4, 2021

    Thank you for the great financial assistance you have given be I intend to buy two desktops an some furniture for expansion of my cyber Cafe in order to accommodate the peak season we have started to experience it which we expect to be a double digit growth

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  • Maxwell Kemboi    Mar 3, 2021

    Small hitch on financial issue but we are bouncing back to our great financial records

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  • Madesto Waswa    Mar 3, 2021

    i called maxwell and he promised to repay his loan as soon as he is done with the adjustment.

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  • Maxwell Kemboi    Feb 26, 2021

    Thanks for the support we have now making a great progress the business has started picking up

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  • Maxwell Kemboi    Feb 10, 2021

    We are experiencing some economical constraints and low business income but we are optimistic to bounce back to track soon

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  • Maxwell Kemboi    Jan 17, 2021

    Due to reduction in income because of the pandemic hence would be in a possiton to make the whole weekly deposits

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  • Maxwell Kemboi    Jan 4, 2021

    W e experiencing a low business start as most of our customers had gone for vacation of the new year and we are expecting business to normalize as the month takes shape

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  • Maxwell Kemboi    Nov 27, 2020

    Our business is picking up slowly from the effect of the Covid pandemic and we are positively standing on our feet

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  • Maxwell Kemboi    Oct 20, 2020

    The business is now picking up slowly after the adverse effect of covid 19 but we bouncing back

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  • Maxwell Kemboi    Sep 16, 2020

    The business is picking up slowly as we recover from the covid 19 effect

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  • Maxwell Kemboi    Sep 1, 2020

    The business has been affected by the pandemic but we are picking up slowly and soon we will be on our feet once again

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  • Maxwell Kemboi    Jul 24, 2020

    Business is down because of CoViD 19 but sure to bounce back by September when things are expected to normalise

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  • Maxwell Kemboi    Jun 14, 2020

    Our business has been adversely affected by the Covid 19 but we are hopeful to bounce back once lock down imposed has been lifted and corona effect goes down

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  • Maxwell Kemboi    May 6, 2020

    We are experiencing a lot of problems during this time of pandemic. But we trying our best so we can be on track

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  • Grace Akoth    May 6, 2020

    Hi Lenders.
    I talked to Maxwell who has financial challenges as he closed down his cyber cafe as there are no clients because of the pandemic. I encouraged him to review his repayment amount down wards and strive to pay more so the he is cushioned for bad weeks. He was happy with the suggestion and promised to review it ASAP. I wished him all the best.

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