Entrepreneur
Name
Victor
Member since
May 2015
On-time repayments
65 installments • 28%
About Me
Coming from a humble background with no parents to guide me,lost my Dad when i was 5years and my Mother few weeks after celebrating my 9th Birthday.Life has taught me to be patient and be passionate in order to succeed.I have been a manager of my own life since all my parents passed when i was young.Went through my primary education while living with guardians who at times were so cruel and harsh but i managed to pass my exams with 306 /500marks that allowed me to join High sch{Boarding}. Getting sponsorship from friends and Government bursaries enabled me finished my O levels with an average grade of C+.I managed to collect some cash while working in supermarket that enable me to enroll for an IT Class,{Information Technology}I did this as part time studies;then at one point after finishing my IT classes, got a job at a nearby Cyber that encouraged me to open my own.Started my own cybercafe with just a 3 in 1 printer,that could scan,print documents and two computers borrowed from friends.I want to create more wealth so that my children wont pass through what av passed through.
My Business
My business is a cyber cafe,doing photocopying,printing and scanning of documents for my clients.The business is in demand because the Government has allowed some services to be accessed through the cyber cafes.ie PIN Registration,student loans processing is also done by cybercafes in my country.The revenues are good due to numerous transactions done in a day.,in a good day i would earn revenue of Ksh.600 after deducting other costs incurred..At the moment am ploughing back the profits earned back to the business so that the business may grow big.
Loan Proposal
I would use my first loan to update my stock level.ie purchase printing papers 5items{13USD},binding papers dozen{ 10USD},Epson ink printer{19USD} and lamination papers{13USD} .This will enhance my stock level thus ensuring service delivery to my clients. and also expand my business to a greater extent.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$50.00
Date disbursed
May 29, 2015
Repayment status
On Time
Projected term
4 months
Other loans
Lenders
United States
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