Entrepreneur
Name
Francis Warui
Member since
August 2016
On-time repayments
144 installments • 60%
About Me
I am the last born of 6 children. I have a wife and a beautiful daughter. My parents have both retired in the village and they depend on us to sustain them. I have a bachelors degree in information technology. After 5 years of looking for work and failing, i decided to open a small shop next to a college in my area. I focused on offering photocopying, printing and typing services to the college students. I started 2 years ago and now the business has grown in leaps and bounds. Through hard work and dedication, i hope 2018 will be even better for me. When i am not at work, i spend alot of time with my family, watch movies in the house and read novels.
My Business
I have a Shop offering Cyber, Copy and Printing Services. Apart form this, i also bind special reports that need to be bound and collated, Scan and Laminate documents. The secret to succeeding in this business lies in diversification. In future, i wish to open an online business and run an eCommerce store using my cyber cafe as my physical address.
An average of total revenue per month is $500. With the profit, i am able to pay for my business rent and re invest in the business, house rent and general house expenses.
Loan Proposal
I have four computers, 1 photocopy machine, 2 Colour Printers, Binding Machine and a Lamination Machine. If i am granted the above loan, i will do service maintenance for the computers, photocopier and printers at a cost of $100 per year. I will sign a service level agreement with a company that offers 4 maintenance services per year at the stated cost. This will reduce the risk of downtime by 80%.
I also want to buy a laptop to assist me with work. The laptop is worth $400. I wish to open an online business sometime next year. The laptop will assist in setting up shop and enable me to work at home after business hours.
Feedback
Positive
2
Neutral
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Negative
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Loan Info
Project Type
Classic Loan
Disbursed amount
$530.85
Date disbursed
Jan 5, 2018
Repayment status
Late
Projected term
39 months
Cost to entrepreneur
Service fee: $21.07
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