Entrepreneur
Name
Patrick
Member since
July 2013
On-time repayments
20 installments • 25%
About Me
Born over a quarter a century ago, I completed my primary, secondary and college hoping to secure a job to apply my skills and resolve challenges through the acquired knowledge, and live a quality life. However, after college I did not secure the job and I engaged in online marketing and research for organization. Although, I did not earn much I bought three computers to open a cyber café. I have been at the business but it requires funds for expansion, efficient equipment and having faster computers to surf.
My Business
Having a cyber café of only three computers in a viable place where the youth come to surf regularly, the money obtained enables me to meet my need and save a little. The fact that the cyber is within an area with high number of youths and internet users at time especially during weekends a queue may exist to surf. Also, there is high demand for stationeries; this shows the great potential of the business and the cyber. However, lack of adequate funds hiders me from exploiting the opportunities fully. With the funding from Zidisha I can increase the number of computers, install a faster internet and renovate the cyber to capture extra market share. Although, competition is inevitable, the relatively reduced prices and discounts I offer and great PR makes my cyber highly preferred. I will be glad to receive your assistance and make my dream come true of opening numerous cyber in different areas, to spread and share information with the community.
Loan Proposal
Having identified the viability of cyber café and stationery, printing, photocopying in Zimmerman area mainly because of high number of the young population and students, I started a cyber café with three computers only. However, due to lack of funds I cannot meet the needs of the customer fully in browsing, stationery materials and games for the young kids. Through funds from Zidisha I can add extra computers, install faster internet connection, purchase stationery stock, improve on games and renovate the furniture to improve the quality of the services provided. This will not only enable the business meet the needs of customer wholly but also enable the business overcome competition.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Jul 29, 2013
Repayment status
Late
Projected term
20 months
Lenders
Summary
Amount repaid
$33.94
Amount remaining
$80.17
Expected completion
Apr 18, 2015
Status
Repaying late
Installment amount
$8.33
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Sep 18, 2013 | $0.00 | ||
| Oct 18, 2013 | $9.07 | Oct 22, 2013 | $9.07 |
| Nov 17, 2013 | $9.07 | Oct 22, 2013 | $0.04 |
| Dec 1, 2013 | $9.04 | ||
| Dec 17, 2013 | $2.68 | Dec 1, 2013 | $0.29 |
| Jan 17, 2014 | $2.38 | ||
| Mar 16, 2014 | $0.01 | ||
| Jan 17, 2014 | $0.00 | ||
| Feb 17, 2014 | $0.00 | ||
| Mar 18, 2014 | $5.95 | Mar 16, 2014 | $5.95 |
| Apr 18, 2014 | $0.02 | Mar 16, 2014 | $0.01 |
| May 18, 2014 | $0.01 | ||
| May 18, 2014 | $7.14 | May 18, 2014 | $7.13 |
| Jun 18, 2014 | $0.00 | ||
| Jul 18, 2014 | $8.33 | ||
| Aug 18, 2014 | $8.33 | ||
| Sep 18, 2014 | $8.33 | ||
| Oct 18, 2014 | $8.33 | ||
| Nov 17, 2014 | $8.33 | ||
| Dec 17, 2014 | $8.33 | ||
| Jan 17, 2015 | $8.33 | ||
| Feb 17, 2015 | $8.33 | ||
| Mar 18, 2015 | $8.33 | ||
| Apr 18, 2015 | $5.17 | ||
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