New dvd machine for my video cafe

Salim

Mazeras Miwani, Kenya

100% repaid

Entrepreneur

Name

Salim

Member since

September 2016

On-time repayments

34 installments  •  79%

About Me

I was born on 12th may in 1991 in a village called miwani. I'm a first born of mr John olele and Mrs Margaret wanja. I started my primary education at mazeras primary school between the year1998-2005 then i went to mazeras youth polytechnic between the year 2006-2007. Then i started working at in royal swift yard as a day worker for a year then i got a capital to start my own video cafe. Here at mazeras people like growing maize and sweet potatoes and coconut trees. My son wants to a teacher when he grow up. I like watching movies.

My Business

I run a video cafe for entertainment. People in this town like watching movies on their free time. I choose this kind of business because many people here like this kind of entertainment it has no disturbance and it has a good profit. My typical cost is permit 4,000 KES per electricity bill 2,000 KES per month and 350 KES for hiring movies per day. I used the profit for home improvement and paying school fees.

Loan Proposal

I will buy a new and durable DVD player for my video cafe at 500$. It will increase the life of my dvd player because for now i have only one dvd player so if i get another new one i will use them one at a time. Also my customers will more enjoy. It will also increase my profit because i will extend ours of working. I expect my profit to increase for 300 KES per day.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$22.00

Date disbursed

Sep 21, 2016

Repayment status

On Time

Projected term

2 months

Lenders

Paul Buchheit

Mountain View, United States

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