Moving with technology to another step

Herman Omari

Nairobi, Kenya

98% repaid

Entrepreneur

Name

Herman Omari

Member since

January 2015

On-time repayments

197 installments  •  38%

About Me

currently am a university student in (USIU). I joined after saving for one year when i finished my high school. immediately i finished my form four i joined the same school as a teacher and i saved for my campus fee. letter will in campus i joined a research program after learning how to use SPSS and i manage to raise US$ 500 (40000) which i used to buy 3 computers. The unique thing about the land or culture where i live is technology has not yet grown and that is why i took this chance to explore it. currently i don't own a family. My hobby is computer gaming which has made me creative in technology.

My Business

i offer printing, photocopy binding , trimming, lamination and online communication.the services are useful in demand because of the university around. i choose this kind of business because of location and demand from the university. my typical costs and revenue are 1.cost stationary, salary, rent and electricity. Revenue include charges from browsing, printing, photocopy, lamination trimming, binding and other charges. my profit i us for my campus fee business expansion and saving. I also help my younger sibling in settling part of there fee.

Loan Proposal

I want to buy a big printer with high speed of printing and photocopy which will cost me US$600 since the one i have is small. Am also looking forward to add 2 computers which will cost US$400. The benefit will be, 1. business will have expand with the use of printer since printing and photocopy is my main business and two the computers are few and when i add the two the profit will increase. To others they will work and study in a growing technological environment and their working/study skill will be enhanced. From printing and photocopy am planing to double the profit from 500 (US$28) papers per day to 1000-1200 (US$56-60) a day. while in computers an additional of 10_15 US$ Per day.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$50.08

Date disbursed

Jan 28, 2015

Repayment status

On Time

Projected term

6 weeks

Cost to entrepreneur

Lender interest: $50.08 at 5.82% annual rate over 1 month = $0.37

Service fee: $0.24

Lenders

ErikN

Stockholm, Sweden

Z

zvrk2014

Brookline, MA, United States

Matt B

Stratford Upon Avon, United Kingdom

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