Funds to start a cybercafe and stationery store

Evans Langat

House Number 12, Kenya

16% repaid

Entrepreneur

Name

Evans Langat

Member since

April 2014

On-time repayments

84 installments  •  8%

About Me

Am 25 year old ambitious man from a family of 4, two boys and two girls. I took my primary school studies at Kasarani primary before joining Nairobi school for my Secondary school studies. I joined Kenyatta University in 2010 and pursued a degree in Commerce (Accounting option). Am due for graduation this November (2014) . Am keen in establishing economic independence by the age of 30. Consequently, i run some businesses alongside my studies. My hobbies are swimming, cycling and reading. I also love volunteering for community services and disaster response, mostly with Kenya Red Cross.

My Business

Am an entrepreneur with a keen interest to empower young people but at the same time make some money. I run 2 successful cyber cafes within Kasarani township. I also deal in stationery sales, printing and photocopying. The two cyber cafes give me an avarage of $200 each, giving me an income $400 every month.My expenses (rent and salary for one attendant) total up to $200 a month. The demand for computer and internet services is constantly rising in this township due to its proximity to Kenyatta University. Therefore, doing business here offers handsome returns which will enable me to repay the loan

Loan Proposal

This loan will go towards purchasing a Cannon printer which cost of $150. I have saved enough money to purchase 5 second hand computers and stationery materials to sell as well as pay the the rent for the first 3 months. I will run this business for the first 1 month before i employ an attendant. Therefore, i will not incur a salary expense in this period. I look forward for your help and a chance to employ at least one deserving Kenyan in 2 months time.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.85

Date disbursed

May 3, 2014

Repayment status

Late

Projected term

19 months

Cost to entrepreneur

Lender interest: $150.85 at 0.58% annual rate over 19 months = $1.41

Service fee: $8.60

Lenders

EricDWalters

Rochester, Mn, Usa, United States

chocpuma

Saint Paul, United States

Los Wade

United States

Sarasota

Sarasota, Fl, United States

E

Escalada

Bakersfield, CA, United States

S

sarah4d2

Saint Louis, United States

A

ajayhk

San Jose, United States

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