Monitor for my cyber business

Kiplagat

Kisumu City, Kenya

100% repaid

Entrepreneur

Name

Kiplagat

Member since

April 2017

On-time repayments

17 installments  •  65%

About Me

I was born brought up in Kisumu city in a family of seven, my father was a police officer and my mother a business woman. I went to Karajuong Primary school, later on secured a chance to joined Kisumu day primary school. I scored grade B that made me join Jomo Kenyatta University in Nairobi to study Information Technology.
Back when i was in second year is when i started my cyber cafe business, i had a very supporting father. I shared the idea about starting my own business that could assist me in paying my school fees, using my free time well an he accepted. He funded me with some money and i started the cyber cafe.
What i find unique about our land that is Jomo Kenyatta University where i know very well is the fact that many student are deeply rooted into drugs abuse, few are the students doing business and taking their studies very serious.

My Business

i do cyber business and offers the following services. Printing, type setting, online services like browsing, scanning, photocopying among others
This services are useful and on demand because i am positioned well within the campus and many student flock at m,y cyber to print out their assignments and handouts. This also increases the demand for my services.
i chose this business because it is my profession and i am well endowed with knowledge in the same field. I also saw an opportunity in school and decided to avail the services closer to the students who had to make long cues at the only print shop in school.
i use the profits that i make to pay part of my school fees, sustain my living in school and also invest back into the business.

Loan Proposal

i recently bought a central processing unit and given this loan fund, i will use the money to buy a monitor that cost 4 us dollars. The monitor will be used with my central processing unit . I will add 35 us dollars to the loan and purchase the machine.
i will benefit from the loan because i will have an extra person operating my new computer and this will be an increase in income on my end.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$7.00

Date disbursed

Apr 20, 2017

Repayment status

On Time

Projected term

5 weeks

Lenders

PG

Paul Graham

United States

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