144 weekly installments • 60%
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.
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.
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.
Jan 5, 2018
Cost to entrepreneur
Service fee: $23.86