Loan to buy a computer for my cyber cafe

Shamirali Ali

Mombasa, Kenya

25% repaid

Entrepreneur

Name

Shamirali Ali

Member since

April 2014

On-time repayments

82 installments  •  29%

About Me

I am teenager and we are four in our family. we live in Mishomoroni with all my family . i gained the interest of social media back in high school and this has been what i have desired to do in my future.As i am waiting that chance to go to the university i decided to open up a cyber cafe here in Mishomoroni since i used one of our room in our house so i had that advantage of not paying the rent from my little saved money i had and some support from my mother.My hobbies are watching football, traveling and listening to music.i

My Business

I stated my business from my little saving i had saved and its doing very good. For every month i save around 50 us dollars from the 100 us dollars i had started with.Now from this Zidisha loan that i am now applying, i want to buy a printing machine and this will benefit my business in that i will be able to do photocopy and scanning . i will be paying my loan weekly because a get my money on a daily basis.i have three computers and in the future i want them to be ten or even more than that.

Loan Proposal

Hi lenders i would like to appriciate your efforts to help people improve there businesses.Also i will take this opportunity lender to inform lenders that i was able to acquire a laptop that i had requested on my expired loans.From my savings and profit from my business i bought a laptop worth Ksh,45000
So fur my business is doing very well'due to increased online interraction and increased demand for printing scanning and photocoping services that i offer.
Curretly i own 3 computers and a personal laptop and am applying this loan to purchase 1 more computer for my cyber cafe.With this one computer plus the other 3 and my personal laptop 'l will be able to hundle more customers, this will boost my income revenue greatly.This computer is worth Ksh, 25 000 with all periferal devices intact.its of higher quality than the other three.
Finally with the remaining amount i will be able to meet my recurrent expenses like electricity and water bills and also repay my loan.I count on you to support meh. GOD WILL BLESS YOU AS YOU TAKE MY BUSINESS AND MY LIFE TO ANOTHER LEVEL.Thank you

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$314.03

Date disbursed

Oct 30, 2014

Repayment status

Late

Projected term

14 months

Cost to entrepreneur

Lender interest: $314.03 at 9.03% annual rate over 14 months = $34.59

Service fee: $14.00

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