Purchase of a new printer

Kennedy Origa

Nairobi, Kenya

100% repaid

Entrepreneur

Name

Kennedy Origa

Member since

August 2014

On-time repayments

39 installments  •  59%

About Me

I am kenedy Ochieng origa aged 35 years.I'm christian brought up in nyakach lower division,Gem Rae sub location.with diploma in information Technology.I run a small cybercafe in kayole.I started this business so that I can take care of myself and that of my family.Have purchased ten computers and one printer since I started this business,have also managed to pay school fee for my Daughter who is in class one currently with money got from the cyber.My hobbies are:listening to music and watching football

My Business

I Will pay the loan with money collected from the cyber on a daily basis.My services to my customers are internet services,Printing,Photocopy,and typing.There is demand for my services because there are a lot of customers around my place of business since my cyber is the only cyber in that area.I offer better services than my competitors who are also far away from where I work.My business faces a common risk of insecurity, but that one has been properly dealt with.I need the second loan to buy two computers costing $306 to allow me get more profit of $70 per month.Have been using the profit to pay school fees to my children's I also managed to add a printer with part of the interest,.My typical Monthly income is USD560.My monthly expenses is USD380.

Loan Proposal

I will use the loan to purchase new printer,The benefit will be, my work becoming more easier when it comes to printing documents to my customers because currently my printer has got a problem and is not serving me well, if anew printer is bought my monthly income will increase with USD45.Am requesting lenders to support me buy the printer so that my business can grow hence better life of I and my family

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$150.52

Date disbursed

Aug 25, 2014

Repayment status

On Time

Projected term

6 months

Cost to entrepreneur

Lender interest: $150.52 at 9.73% annual rate over 6 months = $7.32

Service fee: $2.69

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