Loan to expand my mini cyber

Evanson Koskei

Kapsoit, Kenya

63% repaid

Entrepreneur

Name

Evanson Koskei

Member since

August 2014

On-time repayments

87 installments  •  21%

About Me

My name is Evans a father of 2 daughters and 1 son both in primary school. l was born in a village called kapsoit and later on moved to a near by town called kericho and set up a small business dealings with paper work, typesetting , photocopying and other computer services. My business is the source bread winner to both me and my family. I am a humble Christian , l go to Full Gospel church of Kenya.
l like reading novels and meeting new people and visiting new places.

My Business

My business is located in a small center called kapsoit.My customers a mostly high school and college students . l mostly do printing and photocopying .l began my business two years ago with the money l had saved back when l was in high school.
I bought a new PC which cost Kshs. 15000 and a small printer that was by then ksh 4000. And with the skills l have l began my business
lt has since then been growing and due to good customer relation l have with my clients. Am planning to buy a new photocopier to sustain the growing number of customer l have

Loan Proposal

I am requesting for a loan of 11,786 Shillings to expand my mini cyber.
below is a breakdown of how I will use the loan.
50 $ - Buy new computers and laminating machine.
40 $ - Buy building materials.
30 $ - Pay workers and other expenses that might occur.
10 $ - Goes to savings.
If my loan gets fully funded,i will start working on the project as soon as I get the loan.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$132.20

Date disbursed

Jan 2, 2015

Repayment status

Late

Projected term

18 months

Cost to entrepreneur

Lender interest: $132.20 at 5.60% annual rate over 18 months = $11.57

Service fee: $7.64

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