Entrepreneur
Name
Emaculate
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 .
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Loan Info
Project Type
Classic Loan
Disbursed amount
$59.00
Date disbursed
Nov 30, 2017
Repayment status
On Time
Projected term
3 months
Other loans
Lenders
Hong Kong
Jake Gibson and Beverly Picardo
San Francisco, United States
United States
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