Entrepreneur
Name
John
Member since
March 2016
On-time repayments
22 installments • 59%
About Me
Iwas born in Karatina , nyeri couty. I went to Kiarithaini Primary school and later joined Kiarithaini High school where i graduated in 2004. Due to lack of funds, i was not in a position to continue with my education and i started small scale farming which i did for two years until i got employment at a local store as a cashier. During all this time, my passion for education was still intact and i saved to the last coin to make sure i achieve my dreams. With the savings i had, i enrolled for a diploma in dairy technology at Egerton university in 2009 and i graduated in 2012. After college i secured employment at Brookside dairy ltd where i was employed on contractual basis. after the end of my contract, the company did not renew my contract. i started tarmacking searching for a job which proved to be a hard task. After searching for a job without getting one, i opted to open a small business with the little savings left.
My Business
I run an entertainment business called Joystar entertainment, the business deals with the sale of movies, music, flash-disks and memory cards. I also have a printer which i use to print, do photocopy and scan documents for my customers. With the majority of Kenyans being he youth, the movie business is ideal as most people especially the youth, buy movies to go entertain themselves in their house, the movies are also a source of inspiration for most people. I use my profit to expand the business and also foot my bills.
Loan Proposal
Given the Loan of $ 300, i will use $180 to buy Sony Playstation 3 160GB System, and $120 to buy LG Electronics 32LF500B 32-inch 720p LED TV. With these equipments, I will set up a play station where people will come play PS3 games and will be charged according to usage. This project is expected to Increase the profits for the shop by At least $ 50 per day.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$300.00
Date disbursed
Mar 22, 2016
Repayment status
Late
Projected term
67 months
Lenders
United States
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