New stock for my business

Emaculate Ondieki

Nyamira, Kenya

100% repaid

Entrepreneur

Name

Emaculate Ondieki

Member since

May 2017

On-time repayments

58 installments  •  83%

About Me

I started my primary education 1999-2008 then joined in secondary school in 2009-2012 then later trained Diploma information technology 2013-2015
since there was no employment i started my business. I am single mother and there are so many challenges am facing more so taking care of my kid who demands a lot from me, paying for my rents that is business premise and my house where i life. Food is also a challenge . I had to start the business because i couldn't able to feed myself and the kid or survive without money. I borrowed my friends some starting capital which helped me to start the cyber services. Our place is full of Bananas and every household has at least a banana and we are called banana land. We also have tea plantations and avocados are plenty.

My Business

-My income comes from my cyber cafe where by i offer cyber services like photocopying ,photo printing internet services lamination and scanning
-My business is situated near by a bank and National Hospital Insurance Fund where by I capture many customers when they need such services
Part of the money i use to pay school fees for my last born sister in school and a have a son who is turning 3 years come next year where I will also be paying for him schools fees and books , uniforms, shoes as he will be joining school, I use the money to pay my pay rents and utilities . The remaining profits i used it to improve my business. My business now makes sales of 100-200 dollars per month and profit of 40-100 dollars depends on demand of my services

Loan Proposal

With new competitors around my business, I want to increase my stock thus i will use the loan to
1. Purchase 2 boxes of printing papers each @ 17 dollars.
2. 6 packets of printing papers each 1.5 dollars
3. Pens and pencils @ 7 dollars.

I will expect my profit to grow from 1 dollars a day to 1.5 dollars to 2 dollars. The profit i will use to support my son who is joining school next year as the business is my sole income .

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$58.21

Date disbursed

Nov 30, 2017

Repayment status

On Time

Projected term

3 months

Cost to entrepreneur

Service fee: $2.45

Lenders

Justin

Connecticut, United States

V

vbud

United States

M

MrsSim

London, United Kingdom

S

Sven

Netherlands

MR

Michiel Rauws

San Francisco, Netherlands

PG

Paul Graham

United States

Paul Buchheit

Mountain View, United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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