Potocopy machine and a printer for cybercafe

Amos Baffoe-kyeremeh

Sampa, Ghana

14% repaid

Entrepreneur

Name

Amos Baffoe-kyeremeh

Member since

May 2015

On-time repayments

86 installments  •  19%

About Me

I am Baffoe-Kyeremeh Amos, born to Mr. and Mrs Kyeremeh, from Berekum in the Brong-Ahafo region of Ghana. I am 27 years of age.
I completed my basic education in 2004 at Methodist Primary and Junior High School in Biadan a suburb to the town aforementioned,from where I furthered to read general science in Berekum Senior High. Despite the difficulties in finances, my parents with the help of my teachers helped me to enroll into the University in 2010 where I earned my bachelors degree in Environmental Health and Sanitation Education with first class division in 2014.
With the current unemployment situation in my nation, I decided to raise some money to get something doing for myself and accordingly decided to save some money from the little I earn from my voluntary service as a service person which I started in 2014.The establishment of a Nursing Training School in my town of service-Sampa led me into conceiving the idea of setting up a cyber cafe where students will likely patronize to access information for their course work.With the little money I had raised, I purchased three desktops to start a cyber cafe to serve as a security hoping to lean on it especially after my soon ending voluntary service where the chance to secure employment is highly infinitesimal.
My hobby anyway, is reading research papers and I'm hoping to further my education in this regard should my business boom and become a reliable and sustainable source of income .

My Business

My business is actually a cyber cafe which serves the public by making the internet accessible to them. A price is charged per unit time ,that is GHC 0.5(approximately 0.2 dollars) per thirty minutes of internet access.
I chose this business with the prior knowledge of the establishment of a tertially institution( Nursing Training College) in this community, however the cashew season has drawn more people into the town both foreigners and other Ghanaian indigens who highly patronize my services and I'm able to make GHC 10-to-GHC 30 (About 2.52-to -7.6dollars )a day out of GHC 120(about 30.3 dollars) worth credit bundled(10G) for at most a month. Implying a minimum of GHC160(4.36 dollars) profit is made at the end of the month.
I wish to extend my services by purchasing more computers that will be used for games by children who come in here in quest for such services and a printer and a photocopier machine to incorporate printing services in my business.I hope these will also serve to increase the realm of my income source in the cafe.

Loan Proposal

I wish to be considered and be given a loan to be able to purchase a photocopy machine and a printer to facilitate work at my cybercafe.The cyber cafe, amidst all challenges, attracts new customers as times come by. However lack of these facilities creates inconveniences to customers who wish to print out some documents and/or make some photocopies . It is therefore imperative to provide such services at the cafe.
A printer cost about 91.4 US dollars and a photocopy machine about 104.4. Together about195.8 US dollars is needed to purchase these machines.
The standard price charged for printing a document in Sampa here is 0.26 US Dollars and that of a photocopy 0.05 US dollars.All things been equal, with respect to the number of customers, a profit of not less than 6.2 US dollars can be made in a week from these machines.
I promise to make good use of any loans lenders disburse to me and promise to go by my payment schedule should my proposal meet your approval.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$195.00

Date disbursed

Sep 16, 2015

Repayment status

Late

Projected term

18 months

Cost to entrepreneur

Service fee: $9.75

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