Loan to purchase new desktop and ups for protection

Charles

Kinangop, Kenya

100% repaid

Entrepreneur

Name

Charles

Member since

June 2016

On-time repayments

176 installments  •  37%

About Me

It was later to dawn to me that it would again take almost ten years waiting to be absorbed by the government. With the skills that I had acquired in Information Technology, I thought of switching to something different and the idea of self employment was born. During my stay I have been offering services and on producing online payslips for teachers, I have been disappointed since they are usually underpaid and id rather stay in business where I feel I do better than in the teaching profession. May be in future i will invest in education and think of managerial position in the teaching profession which is far much better than being just a classroom teacher. It was later to dawn to me that it would again take almost ten years waiting to be absorbed by the government. With the skills that I had acquired in Information Technology, I thought of switching to something different and the idea of self employment was born. During my stay I have been offering services and on producing online payslips for teachers, I have been disappointed since they are usually underpaid and id rather stay in business where I feel I do better than in the teaching profession. May be in future i will invest in education and think of managerial position in the teaching profession which is far much better than being just a classroom teacher.

My Business

After graduation and no jobs coming by, I decided to start a simple business to earn income, I own a stall offering various accessories I own a desktop computer and have been offering computer typesetting services to my customers. I also design cards and do the printing. The business is so far doing well, however the operation cost is making profits go down, in side of printing, i dont have a reliable printer and the HP deskjet 2515 that I own is not reliable. This means that whenever I have bulk printing and photocopying, there is interuption to do some reffiling of ink and sometimes the catridges fail. Photocopying is my main source of income since atleast every day i make about USD5 in photocopies only.

Loan Proposal

First I thank you a lot for having funded my first loan. I put my proposal again for this second loan that I want to purchase a desktop computer for use in my business. The one that I have been using malfunctioned and I established the cause as defects in motherboard. I don’t want to have it repaired since from experience it will be costly and might have problems in future. I have been doing printing services and the computer was of great help. At the moment I am using a notebook which does not have DVD drive, this limits me from printing customers work that may be in DVD or even CD. A good Computer desktop goes for around USD 120 and I will also buy a UPS for around USD50 to help protect my computer from power surge and other related power problems.

Feedback

None

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Loan Info

Project Type

Classic Loan

Disbursed amount

$180.00

Date disbursed

Oct 4, 2016

Repayment status

On Time

Projected term

21 months

Lenders

Matching Fund

Sterling, United States

Paul Buchheit

Mountain View, United States

PG

Paul Graham

United States

wissam

Jeddah, Saudi Arabia

Rosario von Li

San Jose, Ca, United States

M

Matthias

Australia

Craig Newmark

United States

The Zinc Team

San Francisco, United States

Humble Bundle Community

San Francisco, United States

A

Anonymous

United States

A

Anonymous

United States

Paul Buchheit

Mountain View, United States

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