Office space and final mba semester fees

Elijah

Githurai, Kenya

100% repaid

Entrepreneur

Name

Elijah

Member since

January 2015

On-time repayments

331 installments  •  69%

About Me

I started life by doing jobs in construction sites and latter in Kenya clay works company. After saving 6,000 i started my first business of poultry keeping in 2008 august which grew up to a capital of Kshs 75,000 capital in 6 months by financing through higher purchase and retained earning. The 6,000 was
After 3yrs in poultry business i closed down to venture in cyber business in 2012 which i ran to date.
My family made of four i.e my son, daughter, wife and i. I have always had an interest in networking and computers the reason why i started the cyber cafe business.

My Business

Cyber business involves providing the public with internet access, computer services i.e typesetting, printing and other internet solutions. The service are in demand because the public need to access government and other organizations information as well as social sites which they use to communicate with friends worldwide. The typical costs are , papers, inks, electric power, internet, tire and ware. Soo far the income from the business has been largely been used to reinvest and home use.
In addition, I expanded my business by starting a consulting business in bookkeeping and credit management. This has been inspired by wanting to utilize my professional skills to help other businesses in the community. My consulting business has helped my people in keeping track on how their businesses are performing. The consulting business is growing gradually and currently i have been able to sign with two banks and an insurance company on trade finance products. This is a significant grow as it increase the pool of services we offer to our clients.
The typical cost for the consulting business is office rent, stationery, salary for sales people, transport and logistics, internet and other office running cost.

Loan Proposal

On this new loan i will use the money as follows,
1. $ 741 to pay my final MBA semester fees Kabarak University.
2. $ 300 to pay rent deposit for an office space for my consulting business.
3. $ 385 to increase my MLF contribution.
The office space is of great importance due to the growth of the business. I have been operating the business on a shared office space however the increase the flow of clients in the office has necessitated the need of having an independent office where clients can come in freely and i can have a space for an office assistant. The total office space expense if $ 500 but i have already made some part payment.
I will use business profits to cater for my family needs and other business needs that my arise.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$1,426.00

Date disbursed

Nov 16, 2017

Repayment status

On Time

Projected term

27 months

Lenders

PG

Paul Graham

United States

BS

Brandon S

United States

Humble Bundle Community

San Francisco, United States

Paul Buchheit

Mountain View, United States

A

Anonymous

United States

CN

Craig Newmark

United States

JG

Jake Gibson and Beverly Picardo

San Francisco, United States

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