356 installments • 58%
I am a Kenya, born 55 years ago. I have worked for the last 30 years as an office machine technician. I am married with four children -one is married and the rest in college.
I was born in Mombasa town and I have spent most of my life here. My business is also located here. I am a well known technician due to my long period in this field. I work with a network of technicians who help do to clear jobs when the demand for my services is high.
I run a workshop in Mombasa where I repair and sell different types of office equipment. I get my clients from many offices which are in the town and other adjacent areas. My monthly income is about $600.00 and I spend this amount to pay for my rent, school fees, electricity and water bill and other personal expenses.
My business has many challenges especially lack of capital for buying stock and spare parts for the faulty machines.
The first loan helped me to dive deeper into supplies business. This is now my main occupation since I found it to be more lucrative and dependable than the support technical work that I was doing before.
However, this area requires a lot of capita since it entails buying and selling at a profit. The demands of my clients have grown exponentially and there is a need to boost my inventory. If granted this loan I will spend it as follows
1. Buy used 3 office printers at a total cost of $150
2. Buy assorted toners and ink cartridges for computer printers at a total cost of $150.
Given my long experience and my technical background, I feel I have an edge over other people in this field and I am sure I will make good returns within a short time.
Nov 3, 2014
Cost to entrepreneur
Lender interest: $289.52 at 10.31% annual rate over 6 months = $15.42
Service fee: $59.58