Fredrick
Nakuru, Kenya
$0 to go
100% funded of $100 goal
0
days left
Entrepreneur
Name
Fredrick
Member since
September 2013
On-time repayments
27 installments • 7%
About Me
i am 29 years old married man with two children. i live in pangani estate in nakuru town. within pangani there is a section called makuti and that is the specific place where i live. i live in room number 17 i hold a diploma in sales and marketing. i am a sales executive in one of the leading insurance companies in Kenya. upon employment in the year 2011, i started a cyber cafe using my first loan of KES 60000. i stated with three computers and i have since then increased the number to five. my business is located within centre area in bondeni estate. the average returns averages at KES 30000 per month.
My Business
as shown above, i live in pangani estate. i however run the business outside the estate that i reside in that is in bondeni. i run a cyber cafe currently with five computers in a fairly spacious room that can still accommodate an extra four computers.i intend to use this loan to increase the number further. i have one employee on casual term. i get an average profit of KES30000 per month and gross sales of KES 45000. most of this i save for the purpose of business expansion. i also work as a sales executive within nakuru town. this gives me humble time to be able to supervise my business occasionally in this area. there are only two of this kind of business hence competition is not so much. there is risk of appliance failure or breakdown. i have however put in place protection against power surge. if i do not invest the loan i9n business, then i will use my salary to pay for the loan even though i don't anticipate such to happen.
Loan Proposal
i will use the loan to add other two computers that will cost me an average of KES 20000. the remaining amount i will put on stock.with the increase in number of computers, i expect my average daily income to increase with 20%. this will enable me to pay back the loan at ease. the increased stock that is of photocopying papers and binding machine will also facilitate my work efficiency and add up to the profit.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$100.00
Date disbursed
Dec 29, 2013
Repayment status
Late
Projected term
5 months
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