Loan to purchase binding and laminating machines

Michael

Nairobi, Kenya

24% repaid

Entrepreneur

Name

Michael

Member since

June 2014

On-time repayments

62 installments  •  15%

About Me

My names are michael obura i am 25 years of age. I am the eldest in a family of five my mother,two brothers Aloo and Methan and a sister Peninah. I live with my siblings and i am the breadwinner in my family. i finished my O level (kcse) in the year 2008 and due to financial constrains i could not further my education. I started doing minial jobs to sustain my siblings and i and our mother. i would not want any of my siblings not to further their education due to finances so i decided to venture into the cyber cafe business using my savings and help from friends and family.

My Business

I am in the cyber cafe business its the business i always dreamt of since childhood because i loved computers from an early age. i offer various services in my cyber cafe that include: printing for$0.12 per page, browsing for $0.01 per minute, photocopying for $0.03 per page, typing for $0.3 per page, CD writing for $0.9 a CD, i also sell stationaries in my cyber cafe books, pens, staple pins, envelopes, rulers, office glue and printing papers i also sell blank CD and DVDs. from my business i get a regular income of $400 a month when business is good and on bad days $330 a month. I dont have a binding machine abd a laminating machine which i know if i buy they would supplement my income.

Loan Proposal

I own a cyber cafe which is not fully furnished when i get this loan i will be able to purchase a binding machine and a laminating machine this will enable me to print my customers books and bind them instead of referring them to another cyber cafe for binding after printing this makes them to opt to just go to the other cyber cafe for both than come to mine to later be referred elsewhere for binding. I will also be able to laminate documents for my customers who have been asking me for this service for quite sometime now with these two machine additions to my cyber cafe my business will not only have expanded but my income too would have increased and with an increase in income means my family will have minimal if not any financial problems there will be smiles all over the faces of my family members. i imploy the lenders of zidisha to fund me to be able to enhance my business, my income and put smiles on my family`s faces. this loan will enable me to compete adequately with other cybercafes in terms of business. Thank you in advance

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$150.00

Date disbursed

Jul 21, 2014

Repayment status

Late

Projected term

15 months

Lenders

valentin

Stockholm, Sweden

fairspirit

Utrecht, Netherlands

Sarasota

Sarasota, Fl, United States

Genady

Münich, Germany

pvilliger

Zurich, Switzerland

Matching Fund

Sterling, United States

M

mguenter

Switzerland

Mikers

Netherlands

Ask Michael a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Summary

Amount repaid

$41.78

Amount remaining

$130.95

Expected completion

Oct 23, 2015

Status

Repaying late

Installment amount

$2.91

Repayment History

Expected Payments Actual Payments
Aug 1, 2014 $7.86 Aug 1, 2014 $7.86
Aug 8, 2014 $4.65 Aug 24, 2014 $4.65
Aug 15, 2014 $4.65 Aug 30, 2014 $4.65
Aug 22, 2014 $0.00
Aug 29, 2014 $0.00
Sep 5, 2014 $3.49 Sep 5, 2014 $3.49
Sep 12, 2014 $3.49 Sep 14, 2014 $3.49
Sep 19, 2014 $3.49 Sep 22, 2014 $3.49
Sep 26, 2014 $3.49 Sep 27, 2014 $3.49
Oct 3, 2014 $3.49 Oct 5, 2014 $3.49
Oct 10, 2014 $3.49 Oct 19, 2014 $3.49
Oct 17, 2014 $0.00
Oct 24, 2014 $0.00
Oct 31, 2014 $0.00
Nov 7, 2014 $0.00
Nov 14, 2014 $0.00
Nov 21, 2014 $0.00
Nov 28, 2014 $0.00
Dec 5, 2014 $0.00
Dec 12, 2014 $2.91 Dec 7, 2014 $2.91
Dec 19, 2014 $2.91 Dec 7, 2014 $0.52
Oct 18, 2018 $0.26
Dec 26, 2014 $2.91
Jan 2, 2015 $2.91
Jan 9, 2015 $2.91
Jan 16, 2015 $2.91
Jan 23, 2015 $2.91
Jan 30, 2015 $2.91
Feb 6, 2015 $2.91
Feb 13, 2015 $2.91
Feb 20, 2015 $2.91
Feb 27, 2015 $2.91
Mar 6, 2015 $2.91
Mar 13, 2015 $2.91
Mar 20, 2015 $2.91
Mar 27, 2015 $2.91
Apr 3, 2015 $2.91
Apr 10, 2015 $2.91
Apr 17, 2015 $2.91
Apr 24, 2015 $2.91
May 1, 2015 $2.91
May 8, 2015 $2.91
May 15, 2015 $2.91
May 22, 2015 $2.91
May 29, 2015 $2.91
Jun 5, 2015 $2.91
Jun 12, 2015 $2.91
Jun 19, 2015 $2.91
Jun 26, 2015 $2.91
Jul 3, 2015 $2.91
Jul 10, 2015 $2.91
Jul 17, 2015 $2.91
Jul 24, 2015 $2.91
Jul 31, 2015 $2.91
Aug 7, 2015 $2.91
Aug 14, 2015 $2.91
Aug 21, 2015 $2.91
Aug 28, 2015 $2.91
Sep 4, 2015 $2.91
Sep 11, 2015 $2.91
Sep 18, 2015 $2.91
Sep 25, 2015 $2.91
Oct 2, 2015 $2.91
Oct 9, 2015 $2.91
Oct 16, 2015 $2.91
Oct 23, 2015 $3.83

Loading...