Pool table business

Monari Peter

Kisii Town, Kenya

32% repaid

Entrepreneur

Name

Monari Peter

Member since

March 2014

On-time repayments

77 installments  •  23%

About Me

I am mr Monari from a family of five.We have three brothers and two sisters. I am a business man and a teacher.I have persued my education at Nyatieko high school and my university at Moi university in bachelor of education arts.I teach at Kanyimbo high school Geography Kiswahili .I aslo have a part time business which helps me to bring up my family.I have two pool tables at Jogoo near the stage where people come to play where by i earn through that to enable me cater for my family and take my children to school

My Business

I have a pool table business they are two in number.My daily outcome from both the two pools is 300 shillings each that sums to 600 shillings daily.If i sum up all this my monthly income is 18,000 per month from the pool tables.If i receive this loan i will be able to buy two more pool tables of which they will expand my business and get a double income compared to what am earning.I will use this money to bring up my family and teach my children and also help my parents at home.I will be so grateful if i will be regarded

Loan Proposal

I will use the loan to purchase a pool table which the customers will play and pay.The pool table business will raise ksh.6000 per day thus ksh.4200 per week.This business will make me earn income to repay my loan and get some money to keep my family going and support my children to go to school.The business will raise my living standards.The savings from the pool table business will be used to purchase pool accessories to repair and maintain the pool table incase of breakages.Also i will use part of the loan to expand the room where the pool table is set to accommodate more customers who will enjoy playing the pool table games hence increasing income per day.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$444.97

Date disbursed

Jul 21, 2014

Repayment status

Late

Projected term

16 months

Cost to entrepreneur

Lender interest: $444.97 at 2.69% annual rate over 16 months = $15.88

Service fee: $21.09

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