Entrepreneur
Name
Michael
Member since
October 2012
On-time repayments
192 installments • 79%
About Me
I am a young parent of two year baby girl, I hold a diploma in computer engineering I started this cyber shop after realizing that it would work proper and cater for my life expenditure for my wife and the baby plus two kids a boy and a girl whose mother passed away in the year two thousand and nine who was my dear sister and left a will that I should take care of them as she is the one who catered for my education from primary level up to college. And as in the area there was no cyber shop.It is profitable as I make more than a thousand a day only from the cyber and around two thousand shillings a day from the electrical goods that I sell hence making a net profit of two thousand a day.
My Business
I run an electrical shop plus a cyber cafe under one roof.The demand is high because all most of the Pwani university students use my shop as it is the nearest cyber shop. I do not hire anybody to service the machines as I do it by myself.I normally make more than five hundred shillings as net profit a day. And one thousand shillings as net profit a day from the electronics.Given a loan I would add an 80 GB CPU machine for efficiency and speed and to enable accommodate more than eight people,hence more profit .And I would be in a position to cater smoothly for my two orphans who are in school.I have been assisting zidisha clients in my cyber at a low costs or free of charge.
Loan Proposal
God bless you for approving my loan. I will add an 80 GB and a 1GB RAM machine in my Cybercafe for skype to enhance speed and efficiency.If it remains ill add stationery.With that expansion I will attract and retain more customers and make more profit.I will be aiming at the second application as good working computers are very expensive,where by with the second application I will be able to add at least two for more accommodation of my customers.
Thanks a million.
Feedback
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Loan Info
Project Type
Classic Loan
Disbursed amount
$500.00
Date disbursed
Nov 6, 2012
Repayment status
On Time
Projected term
14 months
Other loans
Lenders
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Summary
Amount repaid
$566.27
Amount remaining
$0.00
Date repaid
Mar 3, 2014
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 19, 2013 | $55.20 | Jan 18, 2013 | $55.20 |
| Feb 19, 2013 | $0.15 | Jan 18, 2013 | $0.15 |
| Mar 19, 2013 | $0.00 | ||
| Apr 19, 2013 | $55.21 | Apr 19, 2013 | $55.21 |
| May 19, 2013 | $55.21 | Apr 19, 2013 | $0.74 |
| Jun 19, 2013 | $54.48 | ||
| Jun 19, 2013 | $55.21 | Jun 19, 2013 | $11.00 |
| Aug 17, 2013 | $44.21 | ||
| Jul 19, 2013 | $55.21 | Aug 17, 2013 | $21.26 |
| Sep 17, 2013 | $8.33 | ||
| Sep 26, 2013 | $23.81 | ||
| Nov 24, 2013 | $23.81 | ||
| Feb 2, 2014 | $10.14 | ||
| Aug 19, 2013 | $55.21 | Feb 2, 2014 | $55.21 |
| Sep 19, 2013 | $55.21 | Feb 2, 2014 | $12.02 |
| Mar 3, 2014 | $43.19 | ||
| Oct 19, 2013 | $55.21 | Mar 3, 2014 | $55.21 |
| Nov 19, 2013 | $55.21 | Mar 3, 2014 | $55.21 |
| Dec 19, 2013 | $55.21 | Mar 3, 2014 | $55.21 |
| Jan 19, 2014 | $13.98 | Mar 3, 2014 | $13.98 |
Ahadi Mar 12, 2018
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