Sylvester
Tassia Embakasi, Kenya
63% repaid
Name
Sylvester
Member since
February 2015
On-time repayments
148 installments • 32%
i was born in nairobi,went to st dominic primary school then to kangundo high school and then latter to kenya methodist university.searched for a job for 3 years without any success. after that started a clothing shop didnt work, after that started selling shoes but not profitable.After trying different business without success i was introduced to entertainment business(movie shop) by my friend which picked positively and showed potential of becoming a big business in future.Capital has become a major challenge because nobody i know has the capacity to fund me.Iam positive minded ,hardworking.
my business is in the entertainment industry which is a wide and most fast growing industry in Kenya.I run a movie shop.I also do photocopying,printing and scanning. This business targets both young and old.My typical costs are licenses,electricity bills, rent ,maintenance of equipment and stock.To pay for my school fees and child, rent ,family expenses .
Installation of internet services will be done by Zuku which is an international internet service provider company.
The cost of the installation plus one month fee will be $69.
The remaining $310 will be used to expand the business by purchasing electronic stocks(Hard Disk,Flash Disk,DVD drives and DVD Cleaners).
The cost of the stock is as follows:
1Pc-1TB @ 68=$68
1Pc-500gb @49=$49
7Pc-4gb @2.7=$18.9
5Pc-8gb @3.4=$17
[email protected]=$34
[email protected]=$25.4
[email protected]=$31.2
5Pc-DVD Cleaners @0.9=$4.5
4Pc -Computer DVD Drives @15.5=$62
Through the internet customers will be able to make orders and purchases online and the goods will be delivered to their door steps.This will make the business to run more efficiently, make it easier for the customer to do purchases and communication will be made easier and cheap.
In the recent market customers are preferring soft copy rather than hard copy because its cheap, portable and easy to edit data that is why I am investing in portable external storage devices.
In the recent years in Africa people are buying more computer than in the previous years this is because they have become affordable and that is why I am investing in computer drives because they need to be replaced occasionally.
Sales and profit are expected to raise by 30% when the above project is implemented.
After the injection of more cash input not only will the project make easily and available the goods to the general society, but it will also provide an employment opportunity to a jobless youth
Positive
None
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$386.00
Date disbursed
Jan 27, 2016
Repayment status
Late
Projected term
30 months
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