Inventory purchase

Augustinemary Agupugo

Ihiala, Nigeria

100% repaid

Entrepreneur

Name

Augustinemary Agupugo

Location

Ihiala, Nigeria

On-time repayments

34 weekly installments  •  29%

About Me

My name is Agupugo Augustinemary Chukwumaobi. I am a true son of the soil from Nneogidi Village, Agulu town in Anaocha Local Government Area of Anambra State but currently reside in Umuoma-Uli at Chukwuemeka Odumegwu Ojukwu University, Uli Campus.
I am a graduate of Chukwuemeka Odumegwu Ojukwu University with a degree in Mechanical Engineering (Second Class Lower).
I grew up in three different coordinates such as South-West (Benin City) North (Niger State) and South-South (Anambra State).
I started my life as a hustler in the year 2010 as an undergraduate, working (Computer Operator) while going to school but on a very miniature payment of 2,000 by month.
I have worked with my computer owners even the ones that used me to fulfill their dreams at the detriment of very poor payment and i have been in this field from 2010 to date and today i am the CEO of my own Computer Business Called "Austinmary Computer Institute.
Although not registered but hope to register it some day once i have actualize the necessary equipment and linked my business to more reliable sources.
I started my business in the month of September 2019 and since then i have being making little income that could pay my house rent, feed me, send money to my parents to manage and my siblings who are in school to manage too hoping that when i get more much money, i could buy equipment like high grade color digital printers, photocopy machine, high grade printing machine to enhance and improve the income every month.
Apart from being a computer operator, i am also a researcher, i research students project, seminar, assignment and other internet registrations for students, NYSC and others. My major customers are students of Chukwuemeka Odumegwu Ojukwu University.
Thanks.

My Business

The name of my Business is "Austinmary Computer Institute, started in the month of September, 2019.
The following services are what we render; Typing and printing, Scanning, Photocopy, Lamination, Project, seminar, assignment research for undergraduate students, registration of POSTUTME, Internet services and others.
I choose this kind of business because it is a business that puts at least when there is no work N5,000 daily and N10,000 to N15,000 when there is work daily.
At the end of the month, one can be having about N80,000, N100,000 after expenses.
This profits are divided into 3 segment. First, for feeding and saving for my house rent, parents and siblings. Secondly, for impromptu activities or damage that might arise within the shop equipment.

Loan Proposal

I will use this money to print my new shop banner in order to create more awareness of the business I am doing.
I will use the money to buy A4 papers needed for the business.
I will also use the remaining money to add it to my Telecom Service in other to generate more epins for the selling of recharge card that I also venture into.

Income Source

A cyber cafe business is a business that entails using the internet to run activities for individuals who needs it. In this business, expect where there is no development or government infrastructure business becomes very difficult. But my new shop is situated along the road and in front of school where anyone who needs to be attended to can come in easily and carryout their job. So I will be able to pay up my loan as I have selected in the payment section which will be part of my expenses every weekend.
Thanks.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$24.51

Date disbursed

Aug 17, 2020

Repayment status

On Time

Projected term

2 months

Cost to entrepreneur

Service fee: 10% of $24.51 = $2.08

Credit risk payment: $2.08

Lenders

Paul Buchheit

Mountain View, United States

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