Entrepreneur
Name
Mike
Member since
February 2014
On-time repayments
181 installments • 16%
About Me
I am a middle-aged Businessman running two Internet Cafes in Mazabuka and Monze. I also own two complete houses in one town and city.
I am married to a Degree Holder with a job and we have two children. I am a distinction student, hard worker and self believer. I am also a Community participator.
Mazabuka is a small Sugar Growing town, surrounded by serious Diary and Crop Farmers both commercial and subsistence farmers. The town has a Nickel Mine 70kms away.
My Business
The Business (Noriasys Ltd) was established in 2008 and we are continuing to grow it organically without taking too much risks. As already mentioned, we operate Makwembo Internet Cafe in two locations and a small subsistence farm for general agriculture. We employ FIVE people on a permanent basis. We plan to continue growing our businesses within our means while enjoying life. We are very particular on how the surrounding communities in which we do our business benefit from our presence. Our current turnover is just around US$25,000=00 and slowly growing.
My pastime is spent mostly at the LIONS Club and playing social Golf with a lot of reading for my Business Management degree.
Loan Proposal
CAUSE:
Our Country is experiencing an unprecedented power deficit due to inadequate rainfall from the previous season. As a result our national GRID HYDRO POWER SUPPLY is failing to meet the country demand and having a severe impact on my Internet Businesses with 30% revenue loss from June 2015 to July 2015 alone due to constant load shedding. The situation will only get worse before it improves.
SOLUTION:
A small inexpensive HYBRID SOLAR POWER SYSTEM (HSPS) supplying me with 1-2000W of stable power will ensure I restore my revenue base until the national grid supply normalizes. The HSPS should cost me between US$500 and US$700 to install.
OTHER BENEFITS:
This solution should pay for itself in the long run from several points of view as follows;
(1) Customer retention and increase in customer base from the competition without power backup solutions. This could also result in increased revenue if marketed well.
(2) Power cost savings for my business from NON-GRID solar source for the life of the unit.
Feedback
Positive
6
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$517.00
Date disbursed
Aug 21, 2015
Repayment status
On Time
Projected term
37 months
Other loans
Lenders
United Kingdom
Taiwan
United States
San Francisco, Netherlands
Ask Mike a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Summary
Amount repaid
$509.50
Amount remaining
$0.00
Date repaid
Apr 14, 2022
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Aug 30, 2015 | $18.13 | Aug 28, 2015 | $18.13 |
| Sep 6, 2015 | $18.13 | Sep 3, 2015 | $18.13 |
| Sep 13, 2015 | $18.13 | Sep 12, 2015 | $18.13 |
| Sep 20, 2015 | $18.13 | Sep 20, 2015 | $18.13 |
| Sep 27, 2015 | $18.13 | Sep 28, 2015 | $18.13 |
| Oct 4, 2015 | $18.13 | Oct 3, 2015 | $18.13 |
| Oct 11, 2015 | $18.13 | Oct 10, 2015 | $18.13 |
| Oct 18, 2015 | $0.00 | ||
| Oct 25, 2015 | $0.00 | ||
| Nov 1, 2015 | $0.00 | ||
| Nov 8, 2015 | $0.00 | ||
| Nov 15, 2015 | $0.00 | ||
| Nov 22, 2015 | $3.75 | Feb 3, 2017 | $3.75 |
| Nov 29, 2015 | $0.00 | ||
| Dec 6, 2015 | $0.00 | ||
| Dec 13, 2015 | $0.00 | ||
| Dec 20, 2015 | $0.00 | ||
| Dec 27, 2015 | $0.00 | ||
| Jan 3, 2016 | $0.00 | ||
| Jan 10, 2016 | $0.00 | ||
| Jan 17, 2016 | $0.00 | ||
| Jan 24, 2016 | $0.00 | ||
| Jan 31, 2016 | $0.00 | ||
| Feb 7, 2016 | $0.00 | ||
| Feb 14, 2016 | $0.00 | ||
| Feb 21, 2016 | $0.00 | ||
| Feb 28, 2016 | $0.00 | ||
| Mar 6, 2016 | $0.00 | ||
| Mar 13, 2016 | $0.00 | ||
| Mar 20, 2016 | $0.00 | ||
| Mar 27, 2016 | $0.00 | ||
| Apr 3, 2016 | $0.00 | ||
| Apr 10, 2016 | $0.00 | ||
| Apr 17, 2016 | $0.00 | ||
| Apr 24, 2016 | $0.00 | ||
| May 1, 2016 | $0.00 | ||
| May 8, 2016 | $0.00 | ||
| May 15, 2016 | $0.00 | ||
| May 22, 2016 | $0.00 | ||
| May 29, 2016 | $0.00 | ||
| Jun 5, 2016 | $0.00 | ||
| Jun 12, 2016 | $0.00 | ||
| Jun 19, 2016 | $0.00 | ||
| Jun 26, 2016 | $0.00 | ||
| Jul 3, 2016 | $0.00 | ||
| Jul 10, 2016 | $0.00 | ||
| Jul 17, 2016 | $0.00 | ||
| Jul 24, 2016 | $0.00 | ||
| Jul 31, 2016 | $0.00 | ||
| Aug 7, 2016 | $0.00 | ||
| Aug 14, 2016 | $0.00 | ||
| Aug 21, 2016 | $0.00 | ||
| Aug 28, 2016 | $0.00 | ||
| Sep 4, 2016 | $0.00 | ||
| Sep 11, 2016 | $0.00 | ||
| Sep 18, 2016 | $0.00 | ||
| Sep 25, 2016 | $0.00 | ||
| Oct 2, 2016 | $0.00 | ||
| Oct 9, 2016 | $0.00 | ||
| Oct 16, 2016 | $0.00 | ||
| Oct 23, 2016 | $0.00 | ||
| Oct 30, 2016 | $0.00 | ||
| Nov 6, 2016 | $0.00 | ||
| Nov 13, 2016 | $0.00 | ||
| Nov 20, 2016 | $0.00 | ||
| Nov 27, 2016 | $0.00 | ||
| Dec 4, 2016 | $0.00 | ||
| Dec 11, 2016 | $0.00 | ||
| Dec 18, 2016 | $0.00 | ||
| Dec 25, 2016 | $0.00 | ||
| Jan 1, 2017 | $0.00 | ||
| Jan 8, 2017 | $0.00 | ||
| Jan 15, 2017 | $0.00 | ||
| Jan 22, 2017 | $0.00 | ||
| Jan 29, 2017 | $0.00 | ||
| Feb 5, 2017 | $4.38 | Feb 15, 2017 | $4.38 |
| Feb 12, 2017 | $4.38 | Feb 17, 2017 | $4.38 |
| Feb 19, 2017 | $4.38 | Feb 25, 2017 | $4.38 |
| Feb 26, 2017 | $4.38 | Mar 31, 2017 | $4.38 |
| Mar 5, 2017 | $4.38 | Apr 5, 2017 | $4.38 |
| Mar 12, 2017 | $4.38 | Apr 8, 2017 | $4.38 |
| Mar 19, 2017 | $4.38 | Oct 12, 2018 | $4.38 |
| Mar 26, 2017 | $4.38 | Oct 28, 2018 | $4.38 |
| Apr 2, 2017 | $4.38 | Oct 31, 2018 | $4.38 |
| Apr 9, 2017 | $4.38 | Nov 9, 2018 | $4.38 |
| Apr 16, 2017 | $4.38 | Nov 16, 2018 | $4.38 |
| Apr 23, 2017 | $4.38 | Nov 19, 2018 | $4.38 |
| Apr 30, 2017 | $4.38 | Nov 23, 2018 | $4.38 |
| May 7, 2017 | $4.38 | Nov 30, 2018 | $4.38 |
| May 14, 2017 | $4.38 | Dec 3, 2018 | $4.38 |
| May 21, 2017 | $4.38 | Dec 3, 2018 | $1.25 |
| Dec 11, 2018 | $3.13 | ||
| May 28, 2017 | $4.38 | Dec 11, 2018 | $1.25 |
| Dec 12, 2018 | $3.13 | ||
| Jun 4, 2017 | $4.38 | Dec 12, 2018 | $1.25 |
| Dec 15, 2018 | $3.13 | ||
| Jun 11, 2017 | $4.38 | Dec 15, 2018 | $1.25 |
| Dec 19, 2018 | $3.13 | ||
| Jun 18, 2017 | $4.38 | Dec 19, 2018 | $2.38 |
| Dec 25, 2018 | $2.00 | ||
| Jun 25, 2017 | $4.38 | Dec 25, 2018 | $2.38 |
| Jan 7, 2019 | $2.00 | ||
| Jul 2, 2017 | $4.38 | Jan 7, 2019 | $2.38 |
| Jan 24, 2019 | $2.00 | ||
| Jul 9, 2017 | $4.38 | Jan 24, 2019 | $3.63 |
| Jan 25, 2019 | $0.75 | ||
| Jul 16, 2017 | $4.38 | Jan 25, 2019 | $4.38 |
| Jul 23, 2017 | $4.38 | Jan 25, 2019 | $1.13 |
| Jan 30, 2019 | $3.25 | ||
| Jul 30, 2017 | $4.38 | Jan 30, 2019 | $1.13 |
| Feb 8, 2019 | $3.25 | ||
| Aug 6, 2017 | $4.38 | Feb 8, 2019 | $1.63 |
| Feb 15, 2019 | $2.75 | ||
| Aug 13, 2017 | $4.38 | Feb 15, 2019 | $3.00 |
| Feb 22, 2019 | $1.38 | ||
| Aug 20, 2017 | $4.38 | Feb 22, 2019 | $4.38 |
| Aug 27, 2017 | $4.38 | Feb 22, 2019 | $2.25 |
| Mar 6, 2019 | $2.13 | ||
| Sep 3, 2017 | $4.38 | Mar 6, 2019 | $2.25 |
| Apr 1, 2019 | $2.13 | ||
| Sep 10, 2017 | $4.38 | Apr 1, 2019 | $2.88 |
| Apr 14, 2022 | $1.50 | ||
| Sep 17, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Sep 24, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Oct 1, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Oct 8, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Oct 15, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Oct 22, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Oct 29, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Nov 5, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Nov 12, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Nov 19, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Nov 26, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Dec 3, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Dec 10, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Dec 17, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Dec 24, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Dec 31, 2017 | $4.38 | Apr 14, 2022 | $4.38 |
| Jan 7, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jan 14, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jan 21, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jan 28, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Feb 4, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Feb 11, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Feb 18, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Feb 25, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Mar 4, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Mar 11, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Mar 18, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Mar 25, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Apr 1, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Apr 8, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Apr 15, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Apr 22, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Apr 29, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| May 6, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| May 13, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| May 20, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| May 27, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jun 3, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jun 10, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jun 17, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jun 24, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jul 1, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jul 8, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jul 15, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jul 22, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Jul 29, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Aug 5, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Aug 12, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Aug 19, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Aug 26, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Sep 2, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Sep 9, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Sep 16, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Sep 23, 2018 | $4.38 | Apr 14, 2022 | $4.38 |
| Sep 30, 2018 | $2.63 | Apr 14, 2022 | $2.63 |
Loading...